What question did this study set out to answer?

To evaluate how the presence and characteristics of corporate risk management committees influence climate-related risk disclosures.

August 14, 2026Pacific Accounting Review

Risk management committees as drivers of climate risk disclosure: insights from corporate sustainability practices

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Authors

LALuthfiah Fikri AziizahAirlangga University IHIman HarymawanSebelas Maret University HNHamidah Dwi NitaSepuluh Nopember Institute of Technology

Discussion

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Implication

Observational analysis finds risk management committees increase climate risk disclosure in publicly listed firms, highlighting governance roles in corporate sustainability.

Key Points

To evaluate how the presence and characteristics of corporate risk management committees influence climate-related risk disclosures.
Analyzed 432 firm-year observations from the Indonesia Stock Exchange (excluding SIC code 6) between 2017 and 2021.
Applied multiple linear regression models and robustness checks using STATA 16.0 to measure associations with climate risk disclosure metrics.
The presence of a risk management committee had a significant positive impact on climate risk disclosure, particularly among small firms, environmentally sensitive sectors, and companies issuing stand-alone sustainability reports.
The positive effect intensified following the enactment of the POJK No. 51 / 2017 sustainable finance mandate and was stronger when committee chairs had economic or political backgrounds.
Risk management committee presence was specifically associated with higher disclosure scores in the Risk Management and Metrics and Targets pillars of the Task Force on Climate-related Financial Disclosures framework.

Cite This Study

Aziizah et al. (2026) studied this question.

synapsesocial.com/papers/6a7ec71db70b84ec8b9134b9 https://doi.org/10.1108/par-11-2024-0304

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August 14, 2026Pacific Accounting Review

Risk management committees as drivers of climate risk disclosure: insights from corporate sustainability practices

View Full Paper

Ask AI

Bookmark

Authors

LALuthfiah Fikri AziizahAirlangga University IHIman HarymawanSebelas Maret University HNHamidah Dwi NitaSepuluh Nopember Institute of Technology

Discussion

Member takes

Implication

Observational analysis finds risk management committees increase climate risk disclosure in publicly listed firms, highlighting governance roles in corporate sustainability.

Key Points

To evaluate how the presence and characteristics of corporate risk management committees influence climate-related risk disclosures.
Analyzed 432 firm-year observations from the Indonesia Stock Exchange (excluding SIC code 6) between 2017 and 2021.
Applied multiple linear regression models and robustness checks using STATA 16.0 to measure associations with climate risk disclosure metrics.
The presence of a risk management committee had a significant positive impact on climate risk disclosure, particularly among small firms, environmentally sensitive sectors, and companies issuing stand-alone sustainability reports.
The positive effect intensified following the enactment of the POJK No. 51 / 2017 sustainable finance mandate and was stronger when committee chairs had economic or political backgrounds.
Risk management committee presence was specifically associated with higher disclosure scores in the Risk Management and Metrics and Targets pillars of the Task Force on Climate-related Financial Disclosures framework.

Cite This Study

Aziizah et al. (2026) studied this question.

synapsesocial.com/papers/6a7ec71db70b84ec8b9134b9 https://doi.org/10.1108/par-11-2024-0304

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