The relationship between environmental disclosures and financial performance: an empirical study of US firms

The purpose of this study is to examine the current practices of relatively large corporations concerning the relationship between environmental disclosures and financial performance. An examination of 469 firms listed in the 1994 Forbes 500 was conducted. The results showed that firms classified as high financial performers had higher incidences of environmental policies and/or descriptions of environmental commitment than firms classified as low performers. Firms classified as medium financial performers had the highest incidences of firm environmental policies and/or a description of their environmental commitment. Copyright © 2000 John Wiley & Sons, Ltd and ERP Environment

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