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Volume 2, Issue 1, 2023
Open Access
Research article
Significance of Corporate Non-Financial Information Disclosure for Sustainable Economic Growth
laura mariana cismaș ,
geanina iulia boțoteanu ,
teodor marian cojocaru ,
riana maria gruescu
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Available online: 03-28-2023

Abstract

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According to the objective of achieving "an intelligent, sustainable and inclusive growth" in the European Union (EU) 2020 agenda, the information disclosure regarding sustainability of large companies mainly aims to contribute to the potential of the single market, thus creating sustainable development and employment levels. It is very important for companies to increase their transparency for interested parties, improve their risk management and provide better results. High transparency, including the diversity of management bodies, determines the trust growth of people in companies and markets, and allows more efficient capital distribution and the possibility of making a more realistic decision (e.g., by investors) according to available information. For current challenges, such as global warming, effects of the consumption society on environment, emphasis of disparities, worsening of environmental problems and urbanization of population, related replied have been made, representing that more efforts have been made for the transition towards a green model and for meeting the sustainable development objectives. Significant steps have been taken in this direction, but greater efforts should be made. The new economic system should rely on sustainable development, which is the solution to overcome current social, environmental and economic problems. Non-financial reporting is just a tool. In order to add value, companies should use the tool to contribute more, thus being closer to the global initiatives related to the green economy and building a sustainable society. Increase of these global trends has a significant impact on business environment, leading to measures taken immediately. Therefore, the true benefits of non-financial reporting will not be noticed unless entities change their focus from strict evaluation of financial performance to non-financial elements and integrate sustainability in their business model. Meanwhile, companies should focus on reporting the aspects, which are significant for them, the interested parties and the investors, and ensure that all these aspects are communicated to the management. Analysis of the non-financial information, presented by the active entities in the field of electrical energy production in Romania between 2017-2020, showed that only six companies met the legal requirements of non-financial information disclosure, which are state-owned companies with full or majority state capital and state-owned companies/societies.

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The purpose of this paper is to carry out a quantitative analysis of the electricity production at the level of the European Union (EU) and in Romania, in the period of 2011-2020. To address the current environmental concerns, the package “Fit for 55” proposes that by 2050, most of the energy production will have to come from renewable sources, but the question is whether this desideratum can indeed be achieved. Among the methods used in scientific research, the quantitative analysis was selected and applied in this paper, in order to carry out a detailed statistical analysis on the trend of increase or decrease in the electricity production from different energy resources, and then comparative analysis was performed, so as to draw relevant conclusions in this respect. Through this study, it can be found that, at the level of the European Union, the electricity production from renewable energy resources is increasing, while that from solid fossil fuels is decreasing. In Romania, the same trend of increase and decrease can be observed, except on a smaller scale. Accordingly, the greatest increase in electricity production was recorded from renewable energy resources, for both the EU and Romania, while the biggest decrease in electricity production from fossil fuels. In order to address the decarbonization of the energy system in Romania, the hypothesis that the decrease in total electricity production is due to the decrease in electricity production from solid fossil fuels was tested. However, this hypothesis was only partially confirmed, since the production of electricity from other energy resources, apart from renewable resources and natural gas, also experienced a similar downward trend.

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The Tourism Awareness Group is essential in waterfall management because they can develop sustainable tourism. This study aims to determine the role of the Tourism Awareness Group in managing the Way Kalam Waterfall at the Way Pisang Forest Management Unit, Lampung Province, Indonesia. Data were first collected through observation and interviews and then analyzed descriptively on planning, organizing, implementation, and monitoring. The results showed that the Tourism Awareness Group in Way Kalam Village had made short-, mid-, and long-term planning. In organizing, the group has made sure members have performed their respective duties. In actuating, activities are carried out correctly according to the plans. And in controlling, the work carried out by the Tourism Awareness Group is directly supervised by the village government. There needs to be motivation from relevant stakeholders so that Tourism Awareness Group can be more active.

Open Access
Research article
Calculation and Intensity Analysis of Logistics Industry Embodied CO2 Emissions in China
zhaotong sun ,
yuanyuan zhang ,
peidong yu ,
lanyi zhang ,
jie pang
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Available online: 03-28-2023

Abstract

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China’s logistics industry has been flourishing in recent years, with the high carbon emissions caused thereby receiving widespread attention. In this paper, the emissions and intensity of embodied carbon in the logistics industry in China are calculated for 2012, 2015 and 2017, using the multiregional input-output model and the changing trend. Additionally, influences of the intensity of embodied carbon emissions in the logistics industry across 30 provinces of China are assessed using the structural decomposition analysis method. The results show that from 2012 to 2017, the emissions of embodied carbon in the logistics industry from 30 provinces increased, while the intensity of embodied carbon emissions mainly decreased. The changes in the embodied carbon emissions intensity of the logistics industry are mainly affected by the direct carbon emission coefficient and added value coefficient. The intermediate input structure technology and the total scale of the final demand play a slight role in promoting the intensity of the embodied carbon emissions in the logistics industry. The direct carbon emission coefficient plays a major role in restraining provinces with negative intensity of embodied carbon emissions and promoting provinces with positive embodied carbon emissions intensity. The added value coefficient plays a major role in promoting the intensity of embodied carbon emissions. Finally, based on the analysis results, this paper presents suggestions for reducing the embodied carbon emissions in the logistics industry in 30 Chinese provinces, which include adjusting measures to local conditions, increasing the proportion of clean energy and clean technology in the logistics industry, increasing investment in green technology research and development, and improving the green technology innovation. Currently, researches on the implicit carbon emissions of the logistics industry focus mainly on the national, regional, and inter-provincial levels, with relatively few studies on the implicit carbon emissions of the logistics industry in each province. However, understanding the differences in the implicit carbon emissions of the logistics industry in each province and their influencing factors is crucial for identifying key emission reduction factors and developing carbon-neutral and carbon-reduction policies at the provincial level, which is the contribution that this paper makes.

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This study regards the reform of rural credit cooperatives into rural commercial banks as a “quasi-natural experiment.” Based on the panel data of 158 counties and districts from 2005 to 2019, it uses the progressive Differences-in-Differences (DID) to systematically evaluate the effect of the reform of rural credit cooperatives on county economic growth. The study finds that the reform of rural credit cooperatives has significantly promoted county economic growth, which is still valid after parallel trend tests, replacement of explained variables, and consideration of sample self-selection. Heterogeneity analysis finds that the reform of rural credit cooperatives can promote county economic growth more obviously in the samples of urban agglomeration, power-expanding counties, non-impoverished counties, and non-agricultural counties in Central Plains. The mechanism analysis finds that the reform of rural credit cooperatives can promote county economic growth through channels such as improving the level of financial development and optimizing the industrial structure. The conclusions of this study not only expand the understanding of existing references on the effect of rural credit cooperatives on county economic growth, but also provide important inspiration for the government to further deepen the reform of rural credit cooperatives and accelerate the pace of rural revitalization.

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