根據聯合國氣候變化綱要公約（The United Nations Framework Convention on Climate Change, UNFCCC）的規定，簽署該公約的國家發布一份關於氣候變遷與國際貿易的2022年的世界貿易報告中說明，低碳排放、節省能源是當務之急。因此，碳排放量及碳揭露一直政府、管理階層及法規制定者所關注的重點。
在眾多研究中，如何降低碳排放量及增加碳揭露程度，進而提升公司績效及投資人意願一直是學術界及實務界所關心的重點。因此，本研究主要探討碳排放量、公司治理與碳揭露之關聯性，並檢測公司治理組成要素與碳排放量對碳揭露的影響。本研究以揭露碳排放量之台灣上市(櫃)公司為研究對象，樣本期間為2015年至2021年。本研究實證結果顯示，碳排放量對碳揭露程度有顯著正向影響，以及董事會規模、女性董事與永續發展委員會分別對碳排放量與碳揭露間有顯著增額正向影響。
關鍵字：碳排放量、公司治理、碳揭露

According to the United Nations Framework Convention on Climate Change (UNFCCC), countries that signed the convention released a world trade report about climate change and international trade in 2022. The report’s key point is that low-carbon emissions and energy conservation are priorities. Therefore, carbon emissions and carbon disclosures have always been the key point of the government, management, and lawmakers.
Among many studies, how to reduce carbon emissions and increase the degree of carbon disclosures, thereby improving company performance and investor willingness, has always been the point of academic issues and practical concern. Therefore, this study mainly explores the relationship between carbon emissions, corporate governance, and carbon disclosure and examines the impact of corporate governance variables and carbon emissions on carbon disclosures. This study takes Taiwanese-listed companies that disclose carbon emissions as the research topic, and the sample period is from 2015 to 2021. The empirical results of this study show that carbon emissions have a significant impact on carbon disclosures. Board size, female directors, and sustainable development committee have significant incremental positive effects on the relationship between carbon emissions and carbon disclosures, respectively.
Keywords：carbon emissions, corporate governance, carbon disclosure

致謝 i
摘要 ii
Abstract iii
第一章 緒論 1
第一節 研究背景 1
第二節 研究動機與目的 3
第三節 研究架構 5
第二章 文獻回顧與假說發展 7
第一節 碳排放量及碳揭露之目標 7
第二節 碳排放量與碳揭露之關聯性 9
第三節 公司治理與碳揭露之關聯性 10
第四節 碳排放量、公司治理與碳揭露之相關性 14
第三章 研究方法與設計 17
第一節 實證模型與變數衡量 17
第二節 樣本選取與資料來源 23
第四章 實證結果與分析 25
第一節 敘述性統計 25
第二節 相關係數分析 28
第三節 迴歸分析 31
第四節 穩健性測試 37
第五章 結論與建議 47
第一節 研究結論 47
第二節 研究限制與建議 48
參考文獻 49

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