Does gender diversity in the workplace mitigate climate change?

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

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Dangosydd eitem ddigidol (DOI)

  • Yener Altunbas
  • Leonardo Gambacorta
    Bank for International Settlements (BIS)
  • Alessio Reghezza
    University of Genoa
  • Giulio Velliscig
    Università degli Studi di Udine
We match firm-corporate governance characteristics with firm-level carbon dioxide (CO2) emissions over the period 2009–2019 to study the relationship between gender diversity in the workplace and firm carbon emissions. We find that a 1 percentage point increase in the percentage of female managers within the firm leads to a 0.5% decrease in CO2 emissions. We document that this effect is statistically significant, also when controlling for institutional differences caused by more patriarchal and hierarchical cultures and religions. At the same time, we show that gender diversity at the managerial level has stronger mitigating effects on climate change if females are also well-represented outside the organization, e.g. in political institutions and civil society organizations. Finally, we find that, after the Paris Agreement, firms with greater gender diversity reduced their CO2 emissions by about 5% more than firms with more male managers.

Allweddeiriau

Iaith wreiddiolSaesneg
Rhif yr erthygl102303
Nifer y tudalennau22
CyfnodolynJournal of Corporate Finance
Cyfrol77
Dyddiad ar-lein cynnar10 Hyd 2022
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - 1 Rhag 2022

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