The Role of Stock Exchange Financing in Mitigating Greenhouse Gas Emissions Risk in the Paper Industry

• 발행기관: 인간식물환경학회
• 저자명: Yuki Mahardhito Adhitya Wardhana Ahyahudin Sodri Bayu Adi Taufan
• 간행물 정보: 『인간식물환경학회지(JPPE)』제28권 제2호, 133~142쪽, 전체 10쪽
• 주제분류: 자연과학 > 자연과학일반
• 파일형태: PDF
• 발행일자: 2025.04.30

국문 초록

Background and objective: Global warming continues to increase along with increasing carbon emissions in the world. Oneindustrial sector that is concerned about increasing carbon emissions is the paper companies because it uses wood as araw material and uses quite a lot of energy. The greater the paper production capacity produced, the greater the carbonemissions. One important factor in developing and increasing production capacity is financing, which can come fromequity, bank loans, bonds, and stock. Thus, financing sources directly contribute to carbon emissions which can bemeasured through finance emissions. This research examines the contribution of financing mechanisms to mitigate carbonemission risks. Methods: The method used is carbon accounting developed by PCAF using purposive sampling data from the papercompanies traded on the Indonesian stock exchange. Results: This research result shows that financing schemes have a significant role in carbon emissions in the papercompanies with an attribution factor value of 0.31 to 0.52 and a finance emissions value of 2,011,194 tCO2e to 6,844,866tCO2e. Based on data from sample of the paper company, it shows the attribution factor value is above 0.31, if a sustainablefinancial policy is implemented for financing through shares, it can reduce carbon emissions by at least 31%. Conclusion: The paper companies not only have a significant role in Indonesia’s economy but also encourage an importantrole in mitigating carbon emissions. One of the important components in financing the pulp and paper companies is shares. One key indicator of the impact of stock ownership on emissions in the pulp and paper industry is the attribution factor,which can be as high as 0.52, as observed in Company B. The public as shareholders and can become controllers of theCompany can imply an important role in managing emissions from pulp and paper sector in Indonesia.

목차

Introduction

Research Methods

Results and Discussion

Conclusion

References

키워드

carbon accounting finance emission sustainable finance GHG risk