fsssg/CheapTalk_and_PositiveTalk_indicies_SustainabilityReports_FortuneGlobal500_2017_2023

This dataset contains the following variables for Fortune Global 500 firms:

ID: Anonymized firm ID

YEAR: Reporting year

COUNTRY: Country where a firm is headquartered

POLICYSTRINGENCYSCOREYALEBDH_2022: Biodiversity & Habitat Index developed by Yale EPI. This indicator “assesses countries’ actions toward retaining natural ecosystems and protecting the full range of biodiversity within their borders.”, and ranges 0-100, with higher scores indicating stronger biodiversity protection policies

PHYSICALANDTRANSITIONRISKGIGILIO_ETAL: Sum of the physical and transition biodiversity risk scores developed by Giglio, Kuchler, Stroebel, and Zeng in their Biodiversity Risk study (2023). These indicators capture the extent to which different industries face biodiversity-related financial risks through both physical impacts (direct economic harm derived from the loss of biodiversity and ecosystem services) and transition risks (exposure to policy and market changes). The scores are available 11at the GICS 4-digit level. Their sum ranges from 1 to 48, with higher values indicating higher risk exposure.

CTI: The Cheap Talk index is defined as the number of non-specific biodiversity-related commitments in a sustainability report, divided by the total number of biodiveristy-related commitments in the report.

PTI: The Positive Talk index is defined as the logarithm of the ratio of positively framed to negatively framed biodiversity paragraphs, with one added to both counts to ensure the index is defined when either category is absent.