Work

The Effect of Female Representation on Boards on Environmental, Social, and Governance Disclosure: Empirical Evidence from Saudi Highly Polluting Industries

Year: 2025

Type: article

Abstract: This study examines the effect of female representation in boardrooms on Environmental, Social, and Governance (ESG) disclosure in listed firms in Saudi Arabia. The study examined 200 highly polluting firms from 2019 to 2023 and constructed a robust ESG disclosure index with 62 items benchmarked against international and Saudi ESG disclosure-related guidelines, as well as well-grounded literature. The findings show that female representation on firm boards is positively and significantly associated with ESG disclosure, suggesting that Saudi-listed firms that ensure and promote female representation on their boards are more likely to provide more comprehensive ESG disclosures than others. The results highlight the role of board diversity in governance reforms and its alignment with Saudi Vision 2030’s gender inclusion goals. This study contributes to the corporate governance (CG) and sustainability literature by emphasizing how board gender diversity strengthens ESG reporting, regulatory compliance, and corporate resilience. The introduced findings are relevant for policymakers, investors, and corporate leaders seeking to foster sustainable business practices and improve ESG performance in emerging markets.

Source: Sustainability

DOI: 10.3390/su17062751

Authors: Iman Babiker, Mashael Bakhit, Aida Osman Abdalla Bilal, Ayman Abdalla Mohammed Abubakr, Abubkr Ahmed Elhadi Abdelraheem

Institutions: Princess Nourah bint Abdulrahman University, Abu Dhabi University, Prince Sattam Bin Abdulaziz University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Gender equality, Reduced inequalities

Open Access status: gold

Estimated APC paid: $2,896