Corporate governance: Does it matter management of carbon emission performance? An empirical analyses of Indian companies

There is anxiety that has been rising vis-`a-vis the climate changes in the entire world. Notwithstanding this, the primary purpose of this paper is to examine the board characteristics and carbon emission performance. This study applied the fixed effect model, 2SLS, and multiple regression analyses data from 220 non-financial listed companies on the BSE index and covering a period of 7 years from FY 2014-15 to FY 2020-21. The estimated results confirmed that board size, board meetings, board gender diversity, CEO duality, and ownership con-centration have a negative association with carbon emission performance. In addition, board independence and the environmental committee are found to be positively associated with carbon emission performance based on 2 SLS and multiple regression analyses, and these results imply that they improve carbon performance. Overall, this study's shreds of evidence suggest that governing boards tend to pay attention to company's carbon per-formance and without mitigating original carbon performance is not likely to reduced GHGs emissions. This study's outcomes have significant implications for policymakers, corporate bodies, creditors, and regulators regarding the efficiency of corporate governance mechanisms in communicating climate change risks. However, corporate boards can use these results to find positive aspects of companies and formulate possible corporate governance modifications in relation to carbon policies.