According to the principle of stakeholder relations, a company is accountable to more than simply its shareholders. Stakeholders are hopeful and interested in the climate change issue since it is significant to society. Firms are under pressure from society to publish environmental information, both directly and indirectly. Since firm management is better familiar with business operations than other stakeholders, information disclosure can serve as a communication channel between the company and its stakeholders. Companies are encouraged to publish information willingly to get access to high-quality resources since investors are constantly reviewing connected information. Information asymmetry and agency costs are decreased by the voluntary publication of gas emission data. The legitimacy and stakeholder perspectives complement one another.
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