**6. Concluding remarks, limitations and further scope of the study**

The study primarily intends to scrutinize the association among the certain attributes of corporate governance and the environmental reporting practices of companies in Pakistan for a period of 2014–2015. The findings depicted a substantial connection among environmental reporting practices and attributes of corporate governance. The results highlighted that larger board size, higher proportion of nonexecutive independent directors, partition of the twin positions of the CEO & chairman and institutional ownership (ownership concentration) is related with enhanced environmental disclosure in Pakistan. The overall results supported the corresponding theoretical contention of agency theory and stakeholder theory that sound corporate governance practices serve as monitoring and accountability catalyst and eventually result in more environmental disclosure.

**S# Number of firms** 

9 Performance against environmental targets 25 50 10 Measures taken to monitor compliance with policy statement 21 42 11 A brief summary of the impact of firm's activities on environment 31 62

 A response plan in emergency actions 39 78 Internal awards as recognition of environmental performance 8 16 Internal audits of firm's environmental actions 18 36 Environmental certification by internal body 18 36 Community participation or environmental donations 42 84

21 Presence of CSR or environmental committee on the board 14 28

23 Stakeholder participation in deciding environmental strategies 25 50 24 Executive reward is allied with environmental conduct 0 0 25 Training sessions for raising environmental awareness 34 68

26 A declaration of an environmental/ sustainability report 16 32 27 Adherence GRI guiding principles 23 46

29 Certification of products in connection with environmental influence 27 54

**B. Environmental profile**

environment

industries

**C. Environmental initiatives**

on environmental issues

controlling pollution

environmental practices

**E. Credibility**

environmental principles or targets

8 A comment regarding the firm's adherence with particular

12 A review of how the firm's activities or products effect the surrounding

13 A comparative analysis of the environmental performance to the other

14 A proper statement of employees training sessions to create awareness

**D. Governance structure & management systems**

22 A set of principles for suppliers or customers concerning

28 Independent and regular audits on environmental operations or

environmental certification by third party

20 Department or managerial position for environmental management or

**reported**

The Relationship between Environmental Reporting and Corporate Governance: Empirical…

26 52

http://dx.doi.org/10.5772/intechopen.75228

20 40

13 26

29 58

21 42

13 26

18 36

**Percentage**

161

The results of the study suggest that the firms should use the highlighted instruments as powerful tools and be encouraged to produce climate change policy and environmental reports on regular basis to manifest their commitment to sustainable development. The limitations of the study suggest that a longitudinal research with large sample size and a relative analysis of Pakistan with developed market would offer more insights regarding the role of corporate governance practices in affecting environmental reporting.
