Driven by a scarcity of literature on the issue, this study investigates corporate incentives for
external carbon emissions assurance. Our sample comprises 5,184 firm-year observations
across 44 countries between 2010 and 2014. The descriptive result suggests that 66 percent
of the sample firms received assurance and the number of firms that adopted carbon
assurance increased during the period investigated. We find that firms exposed to higher
carbon risks are more likely to voluntarily seek carbon assurance. Moreover, firms that had …