Characteristics of environmental reporters on the OM Stockholm exchange
研究了斯德哥尔摩证券交易所中提供在线环境报告的公司特征，发现这些公司市值更高但二氧化碳排放也更多，且多数公司数据不完整。
Abstract External validation of company environmental performance is normally based on corporate environmental reports, due to the lack of other information. Critics of these reports, however, claim that these are no more than public relations exercises, consisting mainly of wordy descriptions and glossy pictures. It is therefore important to turn the spotlight on the real character of the companies behind the reports. Fewer than 10% of the companies listed on the OM Stockholm Exchange, however, provide documented environmental reports on the Internet (DERI) annually. The highest DERI percentages are found among those industry sectors that began reporting some ten years ago. Data from the Dow Jones Country Index Sweden shows that DERI producers have an average market capitalization some six times greater than non‐producers. Moreover, the DERI producers emitted twice as much CO 2 per turnover as the non‐DERI producers. The fact that less than half of the companies on the OM Stockholm Exchange presented CO 2 emission data somewhat weakens the conclusions on emissions. The fact that 60% of the DERI producers could not provide complete CO 2 emission data for their companies does say something concrete about the usefulness of current DERIs as a tool for externally determining company environmental performance characteristics. Copyright © 2002 John Wiley & Sons, Ltd and ERP Environment.