Does corporate environmental performance affect corporate biodiversity reporting decision? The Finnish evidence

Purpose This study aims to examine whether there exists any relationship between corporate biodiversity reporting decision (CBRD) and environmental performance (CEP). Design/methodology/approach The primary sample contains 442 firm-year observations over a period of 13 years (2008–2020) for 34 listed Finnish companies. Based on both legitimacy theory voluntary disclosure theory, 2 logit regression models are estimated test the CBRD–CEP nexus. CBRD is dichotomous variable. Three proxies CEP, namely propensity emit greenhouse gas (GHG), consume water generate waste employed. Findings finds that firms having higher inclined release biodiversity-related information. findings support suggesting with inferior may decide information legitimation purpose. Research limitations/implications uses data hence, results lack in generalizability other national contexts. Practical implications this should be valuable policy makers formulating mandatory standards ensure standard, extensive authentic by also managers eco-friendly investors. Originality/value Corporate (CBR) an under-researched area accounting literature. Using context, paper extends existing literature investigating association which has not been examined before.