Environmental Information Disclosure Programs: They Work, but Why?

By M. Stephan. 2002

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The behavioural economics of climate change (2008, background): “Environmental labelling, or eco-labelling, is a policy instrument that makes use of people’s willingness voluntarily, or perhaps partly influenced by peer pressure, to behave in an environmentally friendly fashion; see Stephan (2002) for an overview.”
How Firms Respond to Being Rated (2010, background): “Stephan (2002: 194) argued that a facility's pollution levels " may signal to the market the overall economic health of a given industrial plant...[and] inefficient pollution output may signal reduced profit margins, increased liabilities, and ineffective management.”