Abstract
The concept of sustainable development and the concerns for environmental issues have become a national trend. Many firms respond to the pressures of their stakeholders by voluntarily disclosing their environmental information. However, some firms may disclose their environmental information for greenwashing instead of protecting the environment for sustainability. Prior studies show mixed findings regarding the relationship between environmental information disclosure and environmental performance. Therefore, this study aims to answer whether environmental information disclosure (EID) improves firms’ environmental performance. If yes, what contingency impedes or facilitates the positive relationship between a firm’s EID and environmental performance? This study collected data from Corporate Social Response (CSR) reports from 2014 to 2021, published by 98 listed firms in Taiwan. The empirical result shows that a firm’s environmental information disclosure positively impacts its environmental performance. However, the pressure of secondary stakeholders negatively moderates the positive relationship between environmental information disclosure and environmental performance.