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Sustainability performance disclosures: The case of independent power producers

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  • Ng, Artie W.
  • Nathwani, Jatin

Abstract

Independent power producers (IPPs) investing across borders represent a crucial sector that produces an adverse impact on greenhouse gas emissions (GHG). The main purpose of this study is to articulate issues pertinent to sustainability performance among contemporary IPPs which seek funding from the capital markets. A framework employing a sustainability performance scorecard is developed based on an interdisciplinary literature review that spans the fields of corporate finance, financial reporting and sustainability. By examining the sustainability performance as disclosed by three cross-border IPPs from the U.S., Europe and the emerging economy of Asia, this comparative case study unveils the current weaknesses in comparability, relevance and usefulness in disclosures among the IPPs. It points out potential information asymmetry to decision making of the primary stakeholders who seek to invest in renewable and sustainable energy while countering short-termism over financial returns. A concerted policy effort on disclosures about sustainability performance would be crucial to channeling effective private investments into the development of renewable and sustainable energy.

Suggested Citation

  • Ng, Artie W. & Nathwani, Jatin, 2012. "Sustainability performance disclosures: The case of independent power producers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 1940-1948.
    • Handle: RePEc:eee:rensus:v:16:y:2012:i:4:p:1940-1948
    DOI: 10.1016/j.rser.2012.01.028
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    References listed on IDEAS

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    Cited by:

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    2. Leopizzi, Rossella & Palmi, Pamela & Di Cagno, Pierluca, 2023. "Sustainability reporting and electric utilities: A bibliometric analysis," Utilities Policy, Elsevier, vol. 84(C).
    3. Agnieszka Janik & Adam Ryszko & Marek Szafraniec, 2020. "Greenhouse Gases and Circular Economy Issues in Sustainability Reports from the Energy Sector in the European Union," Energies, MDPI, vol. 13(22), pages 1-36, November.
    4. Ecer, Fatih & Pamucar, Dragan, 2022. "A novel LOPCOW‐DOBI multi‐criteria sustainability performance assessment methodology: An application in developing country banking sector," Omega, Elsevier, vol. 112(C).
    5. Chang, Rui-Dong & Zuo, Jian & Zhao, Zhen-Yu & Zillante, George & Gan, Xiao-Long & Soebarto, Veronica, 2017. "Evolving theories of sustainability and firms: History, future directions and implications for renewable energy research," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 48-56.
    6. Li, Hong & Xie, Minghua & Zhang, Tingting, 2013. "Promote the development of renewable energy: A review and empirical study of wind power in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 101-107.
    7. Giorgia Nigri & Mara Del Baldo, 2018. "Sustainability Reporting and Performance Measurement Systems: How do Small- and Medium-Sized Benefit Corporations Manage Integration?," Sustainability, MDPI, vol. 10(12), pages 1-17, November.

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