Data Base

Introduction

Basic Survey Assessments

The mean duration by respondent is: 14.87

The data collection was implemented during: 2025-07-09 14:56:25 and 2025-07-21 11:28:00

Descriptives

Individual

Survey Progress Summary
variable value
mean_age 42.37
mean_firmexperience 7.73
mean_workexperience 13.77
mean_experience_environ 3.42
mean_knowledge_environ 2.09
percent_women 50.00

Firm general

For type of industry and firm operations’ region graphs, respondents can mark more than one option

Firm characteristics
variable value
mean_employees 4
mean_revenue 23,107,087,768
std_revenue 117,213,931,065

### Firm Environmental Actions

## Warning: Removed 252 rows containing non-finite outside the scale range
## (`stat_bin()`).
## Warning: Removed 252 rows containing non-finite outside the scale range
## (`stat_density()`).

Firm motivations

Respondants reporting firm has pursued Strategies to address carbon emissions: 61.48 (%)

Respondents could max #3 motivations.On average, people reported 2.6 motivations out of 10 options.

Correlation Matrix between firms reported motivations (categories NOT exclusive)
Philantropy, SDGs, responsability Efficiency and Supply chain Carbon management Reputation and market differentiation
Philantropy, SDGs, responsability
Efficiency and Supply chain -0.13***
Carbon management -0.03 -0.14***
Reputation and market differentiation -0.04** -0.16*** -0.10***
Correlations Between Motivations (columns) and Firm characteristics (with Significance Stars)
Philanthropy/SDGs Efficiency Carbon Strategy Reputation and market differentiation
Offsets (Y/N) 0.09*** 0.11*** 0.20*** 0.02
Experienced backlash (Y/N) -0.12*** 0.17*** 0.03* 0.01
Net Zero strategy (Y/N) 0.07*** 0.04** 0.28*** -0.03
Environ monitoring by external orgs (Y/N) -0.08* -0.06 0.28*** 0.06
NegPublicity -0.02 0.10*** -0.01 0.16***



Balance tables

Block

Treatment Distribution
treatment n proportion
0 3456 0.6442953
1 1908 0.3557047
Block Distribution
block n proportion
1 1800 0.3355705
2 1800 0.3355705
3 1764 0.3288591
Block Distribution by Treatment Group
treatment block n proportion
0 1 1260 0.36
0 2 1062 0.31
0 3 1134 0.33
1 1 540 0.28
1 2 738 0.39
1 3 630 0.33

Treatment

Distribution of Negative Publicity Levels by Treatment Group
treatment negpublicity n proportion
0 1 612 0.18
0 2 1512 0.44
0 3 1278 0.38
1 1 270 0.14
1 2 810 0.43
1 3 810 0.43
Overall Distribution of Negative Publicity Levels
negpublicity n proportion
1 882 0.17
2 2322 0.44
3 2088 0.39
Mean Negative Publicity by Treatment Group
treatment mean_negpublicity
0 2.20
1 2.29
Group Means and T-Test Results
variable mean_treat1 mean_treat0 diff p_value
gender 1.54 1.48 0.06 0.334
age 41.68 42.96 -1.28 0.565
firmexperience 8.00 7.58 0.42 0.550
workexperience 13.85 13.72 0.13 0.870
experience_environ 2.73 3.80 -1.07 0.055
knowledge_environ 2.00 2.13 -0.13 0.275
monitorenv_D 0.82 0.65 0.17 0.215
offsets_D 0.46 0.39 0.07 0.281
offsets_future_1 3.66 3.53 0.13 0.403
netzero_D 0.43 0.42 0.01 0.863
insincere_1 3.20 3.51 -0.31 0.046
employees 3.80 3.37 0.43 0.114
revenue_value 26447831933.96 21262718593.75 5185113340.21 0.719
N 106.00 192.00 NA NA

Lables:

pospublicity: Select the statement that best describes whether positive publicity could benefit business partnerships, customer loyalty, and sales at the firm: (1) Little (2) Moderate (3) Significant

monitorenv: Are any outside people or organizations monitoring the environmental or sustainability efforts of the company you work at? (1) Yes (2) No

strategies_D: Has the firm you work at pursued any strategies to address its carbon emissions? (1) Yes (0) No

offsets_D: Has the firm you work at purchased carbon offsets previously to address its carbon emissions? (1) Yes (0) No

offsets future: In the future, how likely is that the firm you work at considers purchasing carbon offsets to address its carbon emissions? (1) Extremely Unlikely (2) Unlikely (3) Neutral (4) Likely (5) Extremely likely

backlashenv_D: Has the firm you work at ever faced backlash from clients related to social or environmental issues? (1) Yes (0) No

netzero_D: Does the firm you work at have Net Zero goals? (1) Yes (0) No

insincere_1: I am concerned that my organization’s efforts towards sustainability could appear insincere to the public. (1) Strongly Agree (2) Agree (3) Neither Agree nor Disagree (4) Disagree (5) Strongly Disagree

Attribute

Regression Results
Independent Budget Effective Socbenefit Envbenefit Partner
age -122286340.896***
(20354110.73)
0.001
(0.004)
0.001
(0.004)
-0.002
(0.004)
0.002
(0.004)
woman 1115565299.772**
(367037996.975)
0.013
(0.074)
0.02
(0.075)
0.002
(0.075)
-0.002
(0.074)
workexperience -3861561.9
(40920994.816)
-0.001
(0.008)
-0.002
(0.008)
0
(0.008)
0
(0.008)
firmexperience -5470629.603
(37338376.828)
0.003
(0.008)
0.003
(0.008)
-0.001
(0.008)
0.001
(0.008)
experience_environ 216610773.261***
(42462763.669)
-0.002
(0.009)
-0.002
(0.009)
0.002
(0.009)
-0.002
(0.009)
knowledge_environ 295288384.788
(199351723.946)
0.011
(0.04)
0.009
(0.041)
-0.008
(0.04)
0.008
(0.04)
employees -211281656.679*
(87770105.578)
-0.004
(0.018)
-0.002
(0.018)
0.003
(0.018)
-0.003
(0.018)
strategies 1133305181.913*
(556747280.701)
0.002
(0.112)
-0.013
(0.113)
-0.016
(0.113)
0.016
(0.113)
netzero 1119896405.752**
(388935144.911)
-0.004
(0.078)
-0.003
(0.079)
0.003
(0.079)
-0.003
(0.079)
offsets -1512872888.579**
(521031195.597)
0.042
(0.105)
0.045
(0.106)
-0.018
(0.106)
0.018
(0.105)
N 1260 1260 1260 1260 1260

Who Opt Out

Table 1: Opt-out defined as respondents that opted out at least once Table 2: Opt-out defined as respondents that opted out at twice once

Opt-out 1+

Group Means by Treatment × Opt-out Decision Opt-Out: respondents that opted out at least once
Who Opted Out
Who Always Opted In
Opt-out vs Always-in (Within Trt)
variable mean_T0_optout mean_T1_optout diff_Out_T1vsT0 mean_T0_never mean_T1_never diff_In_T1vsT0 T0_InvsOut T1_InvsOut
gender 1.35 1.53 0.09 1.43 1.57 0.03 0.19 0.13
age 42.28 43.31 4.72 47.00 40.06 -3.25 1.03 -6.94
firmexperience 8.02 7.40 1.3 9.32 7.64 0.24 -0.62 -1.67
workexperience 14.13 13.56 2.23 16.36 13.18 -0.37 -0.57 -3.18
experience_environ 1.80 4.61 -0.34 1.45 3.07 -1.54** 2.81** 1.62**
knowledge_environ 1.91 2.22 -0.32 1.59 2.11 -0.11 0.31 0.52
monitorenv_D 0.43 0.74 0.24 0.67 0.86 0.12 0.31 0.19
offsets_D 0.26 0.43 -0.01 0.25 0.52 0.08 0.18 0.27
offsets_future_1 3.05 3.73 0.08 3.14 3.80 0.07 0.67 0.66
netzero_D 0.31 0.46 -0.25*** 0.06 0.52 0.06 0.15 0.46
insincere_1 3.69 3.44 0.13 3.82 3.04 -0.4** -0.25** -0.78**
revenue_value_millions 2959.49 28610.73 12266.56 15226.05 29557.48 946.75 25651.25 14331.43
N 55.00 23.00 NA 137.00 83.00 NA NA NA

Opt-out 2+

Group Means by Treatment × Opt-out Decision Opt-Out: respondents that opted out at least twice
Who Opted Out
Who Always Opted In
Opt-out vs Always-in (Within Trt)
variable mean_T0_optout mean_T1_optout diff_Out_T1vsT0 mean_T0_never mean_T1_never diff_In_T1vsT0 T0_InvsOut T1_InvsOut
gender 1.37 1.51 0.26 1.62 1.53 0.02 0.14 -0.09
age 43.85 42.68 -2.18 41.67 41.68 -1 -1.16 0.02
firmexperience 9.14 7.20 -1.39 7.75 8.02 0.82 -1.94 0.27
workexperience 15.43 13.30 0.69 16.12 13.66 0.36 -2.13 -2.47
experience_environ 1.59 4.34 -1.34*** 0.25 2.94 -1.4** 2.75** 2.69**
knowledge_environ 1.78 2.22 -0.78* 1.00 2.08 -0.13 0.43 1.08
monitorenv_D 0.33 0.75 NA NA 0.82 0.07 0.42 NA
offsets_D 0.15 0.44 -0.15** 0.00 0.49 0.06 0.28 0.49
offsets_future_1 2.82 3.71 -0.67 2.14 3.77 0.06 0.89 1.62
netzero_D 0.27 0.46 -0.27*** 0.00 0.45 -0.01 0.19 0.45
insincere_1 3.78 3.44 0.36 4.14 3.13 -0.31* -0.34* -1.01*
revenue_value_millions 3793.49 25573.31 23440.78 27234.27 26383.63 810.32 21779.82 -850.64
N 38.00 8.00 NA 154.00 98.00 NA NA NA

Logit Regressions

  1. NGO Treatment: 50% people were primed with an increased monitoring of NGOS
  2. Motivation Treatment: 50% of NGO untreated group were primed with the firm’s motivation for addressing carbon offset emissions. They received this priming question right the experiment.
  3. The sub-windows titled “Check: Pilot Changes” contain the regressions divided into four subgroups:
  • Excluding 1st pilot: Removes 17% of the observations, as this first group only saw the budget in total numbers rather than as a percentage of sales. In addition, the effectiveness visual was slightly adjusted after that first group.

  • Excluding small firms (only Medium & Large firms are analyzed): Excludes respondents working in firms with revenue below USD 1 million. In 59% of the sample, there was a survey error for this group: they could not select a budget larger than USD 1,000.

  • Combined exclusion: Applies both restrictions (Excluding 1st pilot + Excluding small firms).

  1. Continous Motivation: A motivation index was constructed to capture how motivations relate to WTP. The higher the index, the lower we expect WTP for attributes such as effectiveness or co-benefits. The index is defined as follows:

Value 1: Philanthropy, responsibility, or supporting the SDGs Value 2: Corporate voluntary mitigation or carbon management Value 3: Reputation/brand image or market differentiation Value 4: Efficiency or aligning global and local markets Value 5: None “Other” and “I don’t know” responses are set to missing (NA)

1. NGO Treatment

NGO Treatment Effect

Table 1
Mixed Logit Models with Different Interaction Specifications
Base Model NGO Treatment interaction NGO Treat = 0 NGO Treat = 1 NGO Treat = 0, Dummy NegPublicy NGO Treat = 1, Dummy NegPublicy
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −51.916*** −48.861*** −23.451 −87.144** −43.623*** −121.442***
(5.400) (6.106) (19.318) (34.682) (8.369) (26.627)
Effective 1.058*** 1.099*** 1.465*** 0.284 1.334*** 0.930***
(0.094) (0.106) (0.352) (0.464) (0.164) (0.246)
Socbenefit 0.517*** 0.510*** 1.140*** 1.463** 0.707*** 0.835***
(0.082) (0.100) (0.355) (0.589) (0.146) (0.242)
Envbenefit 0.588*** 0.559*** 0.671** 0.468 0.694*** 0.704***
(0.078) (0.087) (0.325) (0.451) (0.130) (0.229)
Partner_NGO 0.572*** 0.447*** 0.128 1.089 0.366 0.989**
(0.142) (0.166) (0.655) (0.981) (0.226) (0.425)
Partner_Gov 0.548*** 0.535*** −0.136 1.204 0.436* 0.585
(0.160) (0.193) (0.720) (1.056) (0.255) (0.439)
Out −4.642*** −2.908*** 2.471* −7.198** −0.396 −8.217***
(0.718) (0.584) (1.473) (2.803) (0.595) (2.547)
sd.BudgetLevel 79.984*** 81.053*** 70.601*** 98.543*** −77.274*** 144.670***
(7.467) (7.292) (8.608) (17.125) (9.342) (32.357)
sd.Effective 1.260*** 1.202*** 1.335*** 1.571*** 1.159*** 1.899***
(0.125) (0.127) (0.179) (0.283) (0.153) (0.423)
sd.Socbenefit −0.073 −0.237 0.583*** 0.255 0.495*** 0.472
(0.141) (0.154) (0.157) (0.258) (0.143) (0.381)
sd.Envbenefit −0.491*** 0.375*** 0.846*** −0.329 0.587*** 0.432*
(0.112) (0.123) (0.162) (0.262) (0.147) (0.258)
sd.Partner_NGO 0.867* −0.583 −0.980* 1.258 −1.085* 2.277**
(0.508) (0.573) (0.558) (0.858) (0.563) (0.892)
sd.Partner_Gov 0.090 0.164 0.396 0.179 1.124 −1.300
(0.850) (0.718) (0.843) (1.522) (0.722) (1.021)
sd.Out 10.212*** 9.533*** 6.998*** 13.154*** 6.637*** 16.676***
(1.142) (0.946) (0.970) (3.385) (0.924) (4.196)
BudgetLevel × treatment −17.301*
(9.211)
Effective × treatment −0.151
(0.142)
Socbenefit × treatment 0.027
(0.172)
Envbenefit × treatment 0.035
(0.146)
Partner_NGO × treatment 0.321
(0.290)
Partner_Gov × treatment 0.001
(0.332)
Out × treatment −3.633***
(0.754)
BudgetLevel × negpublicity −10.828 2.527
(8.310) (13.436)
Effective × negpublicity −0.100 0.337*
(0.140) (0.199)
Socbenefit × negpublicity −0.231 −0.388
(0.150) (0.241)
Envbenefit × negpublicity −0.006 0.088
(0.139) (0.191)
Partner_NGO × negpublicity 0.140 −0.079
(0.280) (0.406)
Partner_Gov × negpublicity 0.310 −0.252
(0.313) (0.441)
Out × negpublicity −1.990*** −0.513
(0.655) (0.855)
BudgetLevel × thread_high −10.798 −8.335
(11.381) (20.714)
Effective × thread_high −0.278 0.490
(0.187) (0.304)
Socbenefit × thread_high −0.268 −0.497
(0.217) (0.359)
Envbenefit × thread_high −0.176 0.209
(0.187) (0.310)
Partner_NGO × thread_high 0.086 0.235
(0.375) (0.615)
Partner_Gov × thread_high 0.166 0.014
(0.436) (0.670)
Out × thread_high −3.368*** −3.107*
(0.903) (1.863)
Num.Obs. 5364 5364 3402 1890 3402 1890
RMSE 0.96 0.96 0.96 0.95 0.97 0.95

Check: Pilot Changes

WTP
Table 2
Mixed Logit Models: effect of NGO monitoring treatment, full pilot sample
Base Model Base Model Exc.1stPilot Base Model M&L Firms Base Model M&L Firms Excl.1stPilot NGO Treat NGO Treat Exc.1stPilot NGO Treat M&L Firms NGO Treat M&L Firms Exc.1stPilot
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −48.199*** −55.982*** −59.067*** −48.199*** −48.861*** −55.581*** −44.947*** −40.658***
(6.623) (6.230) (7.085) (6.623) (6.106) (7.298) (6.758) (7.379)
Effective 1.131*** 1.175*** 1.008*** 1.131*** 1.099*** 1.255*** 0.942*** 1.174***
(0.117) (0.106) (0.107) (0.117) (0.106) (0.128) (0.109) (0.134)
Socbenefit 0.540*** 0.521*** 0.523*** 0.540*** 0.510*** 0.558*** 0.554*** 0.626***
(0.109) (0.092) (0.101) (0.109) (0.100) (0.114) (0.114) (0.128)
Envbenefit 0.553*** 0.591*** 0.574*** 0.553*** 0.559*** 0.658*** 0.597*** 0.646***
(0.091) (0.082) (0.088) (0.091) (0.087) (0.100) (0.099) (0.108)
Partner_NGO 0.618*** 0.623*** 0.592*** 0.618*** 0.447*** 0.512*** 0.423** 0.443**
(0.167) (0.153) (0.160) (0.167) (0.166) (0.191) (0.189) (0.201)
Partner_Gov 0.638*** 0.602*** 0.616*** 0.638*** 0.535*** 0.576*** 0.549** 0.536**
(0.194) (0.177) (0.185) (0.194) (0.193) (0.217) (0.214) (0.228)
Out −4.120*** −4.101*** −3.314*** −4.120*** −2.908*** −2.970*** −3.690*** −4.107***
(0.887) (0.750) (0.601) (0.887) (0.584) (0.740) (0.718) (0.957)
BudgetLevel × treatment −17.301* −7.114 −35.371*** −30.187**
(9.211) (10.588) (11.483) (12.932)
Effective × treatment −0.151 −0.200 0.166 −0.042
(0.142) (0.160) (0.172) (0.190)
Socbenefit × treatment 0.027 −0.094 −0.128 −0.230
(0.172) (0.196) (0.202) (0.229)
Envbenefit × treatment 0.035 −0.151 −0.050 −0.247
(0.146) (0.166) (0.179) (0.201)
Partner_NGO × treatment 0.321 0.343 0.475 0.574
(0.290) (0.324) (0.353) (0.382)
Partner_Gov × treatment 0.001 0.093 0.118 0.338
(0.332) (0.372) (0.408) (0.439)
Out × treatment −3.633*** −2.384*** −1.134 −1.184
(0.754) (0.816) (0.794) (0.873)
Num.Obs. 3546 4464 4284 3546 5364 4464 4284 3546
RMSE 0.96 0.96 0.97 0.96 0.96 0.96 0.96 0.96

2. Motivation Treatment

By Top Motivation

Table 1
Mixed Logit Models; Effect of Motivation reminder By respondent Top Motivation: early vs late motivation question. Sample restricted to NGO untreated respondents
Efficiency Market Philantrophy Carbon management
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −1243.115 −69.097*** −64.821** −13.938
(2114.860) (20.563) (29.986) (13.179)
Effective 13.149 1.510*** 1.520*** 0.906***
(25.888) (0.372) (0.543) (0.282)
Socbenefit 16.968 1.111*** 1.049* 0.357
(27.030) (0.314) (0.628) (0.271)
Envbenefit 39.018 0.908*** 1.116** 0.355
(68.550) (0.311) (0.523) (0.239)
Partner_NGO 6.788 0.592 0.209 0.663
(17.601) (0.492) (0.731) (0.462)
Partner_Gov 33.051 0.539 0.431 0.652
(67.073) (0.532) (0.914) (0.475)
Out 8.496 −2.771* −9.106** −7.645**
(20.596) (1.503) (4.413) (3.028)
BudgetLevel × treat_motivation 463.423 −31.984 95.321** −53.074
(1584.901) (25.797) (43.872) (32.870)
Effective × treat_motivation 30.995 0.726 0.396 0.089
(53.834) (0.441) (0.573) (0.433)
Socbenefit × treat_motivation 0.527 −0.824** −0.018 −1.111
(14.876) (0.417) (0.653) (0.692)
Envbenefit × treat_motivation −41.945 0.288 −0.253 −0.442
(78.949) (0.432) (0.502) (0.729)
Partner_NGO × treat_motivation 8.144 0.741 −0.295 −0.904
(42.372) (0.780) (1.138) (1.340)
Partner_Gov × treat_motivation −27.831 0.703 −0.331 0.282
(92.343) (0.895) (1.341) (1.400)
Out × treat_motivation −6.544 −2.023 −1.020 −6.071*
(107.564) (2.169) (2.745) (3.180)
sd.BudgetLevel −1713.886 126.099*** 145.427*** −55.457***
(2987.002) (28.890) (47.714) (19.570)
sd.Effective 41.892 1.167*** 2.301*** 0.973***
(76.612) (0.396) (0.841) (0.341)
sd.Socbenefit −11.742 −0.104 1.585** 0.931**
(19.155) (0.476) (0.699) (0.362)
sd.Envbenefit 14.255 0.584** 1.012*** 0.343
(23.485) (0.271) (0.358) (0.349)
sd.Partner_NGO 55.481 −0.182 −2.811* −0.639
(100.197) (1.583) (1.538) (1.090)
sd.Partner_Gov −90.396 1.548 2.262 0.179
(163.672) (1.371) (1.601) (2.701)
sd.Out 195.233 13.038*** 19.714** 11.725***
(346.846) (3.452) (7.715) (4.165)
Num.Obs. 540 1188 864 666
RMSE 0.96 0.95 0.97 0.96

By General Motivation

Table 2
Mixed Logit Models; Effect of Motivation reminder By respondent Top Motivation: early vs late motivation question. Sample restricted to NGO untreated respondents
Efficiency Market Philantrophy Carbon management
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −20.514* −47.971*** −47.579*** −28.980***
(12.389) (10.420) (9.625) (8.888)
Effective 0.889*** 0.804*** 0.970*** 0.955***
(0.235) (0.150) (0.154) (0.170)
Socbenefit 0.548** 0.797*** 0.791*** 0.488***
(0.260) (0.175) (0.180) (0.189)
Envbenefit 0.700*** 0.688*** 0.663*** 0.438***
(0.256) (0.147) (0.144) (0.147)
Partner_NGO 1.015** 0.324 0.315 0.619**
(0.414) (0.282) (0.263) (0.293)
Partner_Gov 1.585*** 0.298 0.286 0.612*
(0.546) (0.303) (0.299) (0.331)
Out −2.085* −2.530** −4.290*** −1.472*
(1.202) (1.023) (1.060) (0.819)
BudgetLevel × treat_motivation −43.696** −4.551 15.113 4.104
(20.558) (15.236) (13.758) (15.713)
Effective × treat_motivation 0.811** 0.857*** 0.837*** 0.115
(0.348) (0.251) (0.245) (0.249)
Socbenefit × treat_motivation −0.241 −0.665*** −0.595** −0.354
(0.399) (0.258) (0.265) (0.315)
Envbenefit × treat_motivation −0.361 −0.155 0.099 −0.073
(0.349) (0.221) (0.219) (0.267)
Partner_NGO × treat_motivation 0.002 0.439 −0.102 −0.486
(0.670) (0.455) (0.438) (0.523)
Partner_Gov × treat_motivation −0.401 0.479 0.284 −0.311
(0.791) (0.524) (0.498) (0.616)
Out × treat_motivation −1.061 −1.830* −0.881 −5.205***
(1.525) (1.111) (1.092) (1.647)
sd.BudgetLevel 88.273*** 77.927*** 79.427*** 65.405***
(17.474) (12.927) (10.714) (12.845)
sd.Effective 1.198*** 1.135*** 0.973*** 0.956***
(0.274) (0.186) (0.162) (0.225)
sd.Socbenefit 0.355 −0.355 −0.414** −0.649***
(0.265) (0.229) (0.203) (0.230)
sd.Envbenefit 0.870*** −0.154 0.613*** −0.130
(0.227) (0.256) (0.143) (0.288)
sd.Partner_NGO 1.840** 0.198 0.909 0.490
(0.753) (1.155) (0.677) (0.986)
sd.Partner_Gov −1.150 0.111 −0.769 −0.784
(1.039) (1.473) (0.862) (0.971)
sd.Out 9.689*** 8.928*** 10.519*** 3.931***
(2.105) (1.790) (1.600) (1.144)
Num.Obs. 1350 2178 2430 1602
RMSE 0.96 0.96 0.96 0.96

Check: Pilot Changes

Table 3
Mixed Logit Models; Effect of Motivation reminder
Efficiency Efficiency (Exc. 1st pilot) Efficiency (M&L Firms) Efficiency (M&L Firms + Exc. 1st pilot) Market Market (Exc. 1st pilot) Market (M&L Firms) Market (M&L Firms + Exc. 1st pilot) Philantrophy Philantrophy (Exc. 1st pilot) Philantrophy (M&L Firms) Philantrophy (M&L Firms +Exc.1st pilot) Carbon management Carbon management (Exc. 1st pilot) Carbon management (M&L Firms) Carbon management (M&L Firms +Exc.1st pilot)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −20.514* −1070.106 −1537.907*** −1228.691* −47.971*** −96.422*** −189.166*** −209.963 −47.579*** −56.234** −410.257** −2808.760*** −28.980*** −43.444** −11.901 −24.907
(12.389) (761.419) (97.731) (631.849) (10.420) (34.039) (71.250) (128.469) (9.625) (24.275) (204.294) (319.179) (8.888) (21.199) (14.057) (21.519)
Effective 0.889*** 16.832 −1.995 32.942** 0.804*** 1.812*** 3.919*** 12.104 0.970*** 1.214*** 4.974** 31.365*** 0.955*** 1.166*** 0.358 0.419
(0.235) (11.198) (2.898) (16.770) (0.150) (0.561) (1.486) (8.195) (0.154) (0.422) (2.472) (5.188) (0.170) (0.384) (0.222) (0.329)
Socbenefit 0.548** 27.247*** 43.816*** 20.895*** 0.797*** 1.804*** 3.000** 8.978 0.791*** 0.829* 2.472 25.270*** 0.488*** 0.561 0.228 0.877*
(0.260) (7.516) (2.429) (6.993) (0.175) (0.580) (1.256) (5.666) (0.180) (0.431) (1.677) (7.381) (0.189) (0.358) (0.271) (0.489)
Envbenefit 0.700*** 48.851*** 41.911*** 50.369*** 0.688*** 1.305*** 2.989** 8.307 0.663*** 0.950** 3.872** 20.128*** 0.438*** 0.450 0.184 0.397
(0.256) (18.826) (2.958) (11.830) (0.147) (0.489) (1.214) (5.372) (0.144) (0.398) (1.932) (4.176) (0.147) (0.281) (0.226) (0.327)
Partner_NGO 1.015** 53.599 37.068*** 41.439 0.324 0.745 −0.347 4.206 0.315 0.280 −2.046 1.942 0.619** 0.768 0.416 0.558
(0.414) (51.378) (10.129) (49.963) (0.282) (0.623) (1.148) (3.581) (0.263) (0.648) (1.819) (11.742) (0.293) (0.534) (0.465) (0.662)
Partner_Gov 1.585*** 78.315 32.935*** 68.601 0.298 0.391 1.269 1.977 0.286 0.013 −0.682 9.159 0.612* 0.761 0.457 0.841
(0.546) (49.412) (6.203) (42.908) (0.303) (0.731) (1.359) (2.071) (0.299) (0.714) (1.784) (14.126) (0.331) (0.642) (0.511) (0.862)
Out −2.085* 111.873 −25.919 80.730 −2.530** 3.309* 1.435 5.856 −4.290*** −5.181 −28.117** −281.140** −1.472* −1.044 −4.104** −5.689
(1.202) (84.549) (45.892) (100.346) (1.023) (1.752) (3.063) (6.352) (1.060) (4.271) (13.938) (120.702) (0.819) (1.990) (1.760) (5.825)
BudgetLevel × treat_motivation −43.696** −445.633 −514.508*** 225.825 −4.551 7.224 27.318 −568.568 15.113 65.761** 514.645** 4718.722*** 4.104 −25.133 −41.205 −18.313
(20.558) (1279.210) (170.582) (1749.182) (15.236) (35.777) (75.194) (418.924) (13.758) (28.647) (260.909) (371.090) (15.713) (38.789) (32.216) (43.250)
Effective × treat_motivation 0.811** 6.354 32.113*** −2.773 0.857*** 1.222* 4.312** 9.932 0.837*** 0.008 0.847 −1.709 0.115 −0.068 0.234 0.346
(0.348) (20.798) (7.950) (68.738) (0.251) (0.698) (2.094) (7.002) (0.245) (0.421) (1.898) (5.572) (0.249) (0.534) (0.444) (0.647)
Socbenefit × treat_motivation −0.241 −10.934 −36.861*** −8.776 −0.665*** −1.324** −3.053* −9.653 −0.595** −0.334 0.868 −18.434** −0.354 −1.586* −0.687 −1.292
(0.399) (16.949) (5.382) (102.121) (0.258) (0.627) (1.704) (6.424) (0.265) (0.502) (3.038) (7.426) (0.315) (0.873) (0.703) (0.963)
Envbenefit × treat_motivation −0.361 −43.455** −34.599*** −44.488 −0.155 0.071 0.604 1.817 0.099 −0.414 −1.013 −10.176** −0.073 −0.680 −0.192 −0.553
(0.349) (20.613) (5.122) (51.595) (0.221) (0.506) (1.080) (2.558) (0.219) (0.424) (1.629) (5.130) (0.267) (0.876) (0.751) (0.952)
Partner_NGO × treat_motivation 0.002 −34.229 7.159 −3.432 0.439 0.842 8.525** 13.998 −0.102 −0.545 2.093 −3.907 −0.486 −0.864 −1.186 −1.255
(0.670) (73.987) (20.505) (105.641) (0.455) (1.031) (3.944) (9.033) (0.438) (0.877) (3.448) (12.490) (0.523) (1.560) (1.386) (1.801)
Partner_Gov × treat_motivation −0.401 −57.788 2.133 −43.176 0.479 0.632 6.808* 15.759 0.284 −0.069 1.756 4.046 −0.311 0.170 0.155 −0.076
(0.791) (83.396) (21.914) (165.953) (0.524) (1.237) (3.985) (11.550) (0.498) (0.978) (3.573) (17.161) (0.616) (1.586) (1.405) (1.770)
Out × treat_motivation −1.061 −142.472 −3.553 −47.988 −1.830* −7.773** 1.818 3.339 −0.881 −1.711 27.207* 50.067 −5.205*** −7.011* −3.063 −3.139
(1.525) (102.864) (16.558) (170.173) (1.111) (3.466) (6.472) (9.588) (1.092) (2.379) (16.441) (69.212) (1.647) (3.739) (2.912) (4.104)
Num.Obs. 1350 468 450 396 2178 1080 972 882 2430 702 702 576 1602 558 522 432
RMSE 0.96 0.94 0.96 0.94 0.96 0.94 0.94 0.93 0.96 0.97 0.96 0.96 0.96 0.96 0.98 0.97

3. Firm Motivation

By Top Motivation

Table 1
Mixed Logit Models; Effect of Top MOtivation. Each column evaluates the effect of each Top motivation regardless of earley or late question. Sample restricted to NGO untreated respondents
Efficiency (T = 0) Market (T = 0) Philantrophy (T = 0) Carbon management (T = 0)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −41.359*** −38.968*** −57.368*** −49.091***
(7.168) (7.623) (8.554) (7.764)
Effective 1.261*** 1.086*** 1.215*** 1.360***
(0.141) (0.143) (0.143) (0.152)
Socbenefit 0.575*** 0.532*** 0.597*** 0.722***
(0.124) (0.136) (0.135) (0.140)
Envbenefit 0.615*** 0.537*** 0.616*** 0.720***
(0.110) (0.119) (0.121) (0.119)
Partner_NGO 0.386* 0.306 0.641*** 0.493**
(0.198) (0.214) (0.210) (0.207)
Partner_Gov 0.326 0.351 0.599** 0.431*
(0.220) (0.244) (0.239) (0.241)
Out −4.718*** −5.239*** −4.833*** −4.071***
(0.974) (0.966) (0.958) (0.889)
BudgetLevel × motivationtop_eff −27.731*
(16.057)
Effective × motivationtop_eff −0.327
(0.253)
Socbenefit × motivationtop_eff 0.108
(0.326)
Envbenefit × motivationtop_eff 0.053
(0.293)
Partner_NGO × motivationtop_eff 0.456
(0.539)
Partner_Gov × motivationtop_eff 0.711
(0.660)
Out × motivationtop_eff −0.190
(1.209)
BudgetLevel × motivationtop_market −27.119**
(13.799)
Effective × motivationtop_market 0.555***
(0.205)
Socbenefit × motivationtop_market 0.232
(0.235)
Envbenefit × motivationtop_market 0.280
(0.213)
Partner_NGO × motivationtop_market 0.471
(0.413)
Partner_Gov × motivationtop_market 0.302
(0.461)
Out × motivationtop_market 2.632***
(0.987)
BudgetLevel × motivationtop_philan 36.228***
(13.080)
Effective × motivationtop_philan −0.019
(0.206)
Socbenefit × motivationtop_philan 0.037
(0.242)
Envbenefit × motivationtop_philan 0.034
(0.206)
Partner_NGO × motivationtop_philan −0.802*
(0.416)
Partner_Gov × motivationtop_philan −0.591
(0.467)
Out × motivationtop_philan −0.571
(0.976)
BudgetLevel × motivationtop_carbon 10.671
(13.897)
Effective × motivationtop_carbon −0.456**
(0.203)
Socbenefit × motivationtop_carbon −0.593**
(0.257)
Envbenefit × motivationtop_carbon −0.561**
(0.243)
Partner_NGO × motivationtop_carbon 0.034
(0.466)
Partner_Gov × motivationtop_carbon 0.160
(0.488)
Out × motivationtop_carbon −4.020***
(1.043)
Num.Obs. 3438 3438 3438 3438
RMSE 0.96 0.96 0.96 0.96

By General Motivation

Table 2
Mixed Logit Models; Effect of Top MOtivation. Each column evaluates the effect of each Top motivation regardless of earley or late question. Sample restricted to NGO untreated respondents
Efficiency (T = 0) Market (T = 0) Philantrophy (T = 0) Carbon management (T = 0)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −49.145*** −26.336*** −62.194*** −66.269***
(8.613) (9.266) (13.947) (10.048)
Effective 1.232*** 1.092*** 0.970*** 1.061***
(0.163) (0.165) (0.192) (0.137)
Socbenefit 0.692*** 0.653*** 0.597*** 0.584***
(0.152) (0.172) (0.190) (0.140)
Envbenefit 0.717*** 0.478*** 0.392** 0.616***
(0.139) (0.148) (0.198) (0.120)
Partner_NGO 0.181 0.359 1.167*** 0.352
(0.241) (0.281) (0.386) (0.239)
Partner_Gov 0.113 0.395 0.920** 0.282
(0.272) (0.323) (0.415) (0.274)
Out −2.195*** −4.805*** −2.468*** −3.535***
(0.748) (0.931) (0.679) (0.788)
BudgetLevel × motivationg_eff 15.052
(11.209)
Effective × motivationg_eff −0.015
(0.184)
Socbenefit × motivationg_eff −0.191
(0.225)
Envbenefit × motivationg_eff −0.128
(0.196)
Partner_NGO × motivationg_eff 0.745*
(0.382)
Partner_Gov × motivationg_eff 1.146**
(0.454)
Out × motivationg_eff −2.312**
(0.915)
BudgetLevel × motivationg_market −33.452***
(11.909)
Effective × motivationg_market 0.257
(0.162)
Socbenefit × motivationg_market −0.096
(0.192)
Envbenefit × motivationg_market 0.239
(0.179)
Partner_NGO × motivationg_market 0.160
(0.369)
Partner_Gov × motivationg_market 0.080
(0.418)
Out × motivationtop_market 0.967*
(0.519)
BudgetLevel × motivationg_philan 14.490
(14.125)
Effective × motivationg_philan 0.186
(0.190)
Socbenefit × motivationg_philan 0.032
(0.208)
Envbenefit × motivationg_philan 0.315
(0.212)
Partner_NGO × motivationg_philan −0.888**
(0.445)
Partner_Gov × motivationg_philan −0.489
(0.481)
Out × motivationtop_philan −0.414
(0.494)
BudgetLevel × motivationg_carbon 28.338**
(11.373)
Effective × motivationg_carbon 0.113
(0.149)
Socbenefit × motivationg_carbon −0.153
(0.177)
Envbenefit × motivationg_carbon −0.084
(0.160)
Partner_NGO × motivationg_carbon 0.215
(0.343)
Partner_Gov × motivationg_carbon 0.384
(0.392)
Out × motivationtop_carbon −1.849***
(0.602)
Num.Obs. 3456 3438 3438 3438
RMSE 0.96 0.96 0.97 0.97

Check: Pilot Changes

Table 3
Mixed Logit Models; Effect of Motivation reminder
Efficiency Efficiency (Exc. 1st pilot) Efficiency (M&L Firms) Efficiency (M&L Firms + Exc. 1st pilot) Market Market (Exc. 1st pilot) Market (M&L Firms) Market (M&L Firms + Exc. 1st pilot) Philantrophy Philantrophy (Exc. 1st pilot) Philantrophy (M&L Firms) Philantrophy (M&L Firms + Exc. 1st pilot) Carbon management Carbon management (Exc. 1st pilot) Carbon management (M&L Firms) Carbon management (M&L Firms + Exc. 1st pilot)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −41.359*** −51.553*** −43.949*** −64.500*** −38.968*** −54.512*** −45.573*** −44.905*** −57.368*** −65.710*** −62.290*** −55.040*** −49.091*** −58.273*** −59.134*** −53.141***
(7.168) (8.889) (8.162) (12.253) (7.623) (10.248) (9.924) (10.254) (8.554) (10.471) (10.589) (9.429) (7.764) (10.155) (10.742) (10.443)
Effective 1.261*** 1.343*** 1.027*** 1.300*** 1.086*** 1.191*** 0.775*** 0.937*** 1.215*** 1.383*** 1.106*** 1.113*** 1.360*** 1.516*** 1.286*** 1.455***
(0.141) (0.173) (0.143) (0.199) (0.143) (0.179) (0.148) (0.163) (0.143) (0.181) (0.160) (0.154) (0.152) (0.196) (0.184) (0.208)
Socbenefit 0.575*** 0.669*** 0.625*** 0.742*** 0.532*** 0.665*** 0.532*** 0.634*** 0.597*** 0.686*** 0.689*** 0.655*** 0.722*** 0.774*** 0.782*** 0.707***
(0.124) (0.151) (0.144) (0.185) (0.136) (0.167) (0.160) (0.178) (0.135) (0.163) (0.158) (0.168) (0.140) (0.167) (0.170) (0.175)
Envbenefit 0.615*** 0.780*** 0.587*** 0.788*** 0.537*** 0.628*** 0.479*** 0.590*** 0.616*** 0.751*** 0.568*** 0.564*** 0.720*** 0.868*** 0.796*** 0.910***
(0.110) (0.134) (0.117) (0.153) (0.119) (0.135) (0.133) (0.139) (0.121) (0.142) (0.133) (0.124) (0.119) (0.144) (0.146) (0.158)
Partner_NGO 0.386* 0.442** 0.264 0.243 0.306 0.465* 0.356 0.296 0.641*** 0.736*** 0.670*** 0.665*** 0.493** 0.734*** 0.539** 0.611**
(0.198) (0.221) (0.212) (0.251) (0.214) (0.255) (0.251) (0.260) (0.210) (0.249) (0.241) (0.236) (0.207) (0.252) (0.241) (0.264)
Partner_Gov 0.326 0.347 0.363 0.356 0.351 0.521* 0.491* 0.546* 0.599** 0.705** 0.674** 0.708** 0.431* 0.519* 0.674** 0.729**
(0.220) (0.254) (0.242) (0.289) (0.244) (0.300) (0.284) (0.304) (0.239) (0.284) (0.278) (0.285) (0.241) (0.281) (0.282) (0.305)
Out −4.718*** −3.303*** −2.134*** −2.735*** −5.239*** −4.777*** −3.696*** −4.778*** −4.833*** −3.538*** −2.498*** −2.235*** −4.071*** −3.356*** −1.916** −4.708***
(0.974) (0.910) (0.662) (0.968) (0.966) (1.121) (0.920) (1.149) (0.958) (0.932) (0.763) (0.839) (0.889) (0.938) (0.748) (1.140)
BudgetLevel × motivationtop_eff −27.731* −54.257*** −28.293 5.327
(16.057) (20.638) (17.217) (21.804)
Effective × motivationtop_eff −0.327 0.119 −0.123 −0.037
(0.253) (0.308) (0.271) (0.299)
Socbenefit × motivationtop_eff 0.108 0.158 0.190 0.117
(0.326) (0.349) (0.375) (0.406)
Envbenefit × motivationtop_eff 0.053 0.032 −0.019 0.119
(0.293) (0.331) (0.311) (0.375)
Partner_NGO × motivationtop_eff 0.456 0.713 1.002* 0.947
(0.539) (0.653) (0.602) (0.723)
Partner_Gov × motivationtop_eff 0.711 1.239 0.907 1.368
(0.660) (0.773) (0.725) (0.863)
Out × motivationtop_eff −0.190 −1.137 1.187 −0.022
(1.209) (1.423) (1.384) (1.689)
BudgetLevel × motivationtop_market −27.119** −8.961 −27.889* −17.346
(13.799) (15.573) (15.139) (15.619)
Effective × motivationtop_market 0.555*** 0.615** 0.848*** 0.692***
(0.205) (0.243) (0.236) (0.243)
Socbenefit × motivationtop_market 0.232 0.162 0.324 0.092
(0.235) (0.273) (0.274) (0.280)
Envbenefit × motivationtop_market 0.280 0.429* 0.443* 0.337
(0.213) (0.237) (0.237) (0.239)
Partner_NGO × motivationtop_market 0.471 0.346 0.418 0.408
(0.413) (0.465) (0.450) (0.465)
Partner_Gov × motivationtop_market 0.302 −0.041 0.272 0.067
(0.461) (0.526) (0.521) (0.542)
Out × motivationtop_market 2.632*** 2.112* 2.921*** 1.799
(0.987) (1.175) (1.098) (1.177)
BudgetLevel × motivationtop_philan 36.228*** 44.078*** 28.502* 15.359
(13.080) (15.044) (15.076) (15.536)
Effective × motivationtop_philan −0.019 −0.273 −0.137 −0.167
(0.206) (0.234) (0.225) (0.236)
Socbenefit × motivationtop_philan 0.037 −0.054 −0.199 −0.064
(0.242) (0.282) (0.288) (0.317)
Envbenefit × motivationtop_philan 0.034 −0.069 0.128 0.227
(0.206) (0.218) (0.226) (0.230)
Partner_NGO × motivationtop_philan −0.802* −0.663 −0.797* −0.785
(0.416) (0.474) (0.479) (0.487)
Partner_Gov × motivationtop_philan −0.591 −0.711 −0.376 −0.593
(0.467) (0.539) (0.529) (0.546)
Out × motivationtop_philan −0.571 −0.927 −2.415** −2.221*
(0.976) (1.138) (1.097) (1.222)
BudgetLevel × motivationtop_carbon 10.671 5.713 20.662 17.997
(13.897) (16.825) (16.049) (18.533)
Effective × motivationtop_carbon −0.456** −0.480* −0.858*** −0.690**
(0.203) (0.247) (0.258) (0.270)
Socbenefit × motivationtop_carbon −0.593** −0.374 −0.541* −0.193
(0.257) (0.312) (0.298) (0.333)
Envbenefit × motivationtop_carbon −0.561** −0.442 −0.780*** −0.776**
(0.243) (0.275) (0.278) (0.302)
Partner_NGO × motivationtop_carbon 0.034 −0.418 −0.049 −0.377
(0.466) (0.529) (0.545) (0.556)
Partner_Gov × motivationtop_carbon 0.160 0.207 0.056 −0.110
(0.488) (0.603) (0.579) (0.635)
Out × motivationtop_carbon −4.020*** −2.979** −3.093*** −0.920
(1.043) (1.245) (1.129) (1.220)
Num.Obs. 3438 2952 2790 2412 3438 2952 2790 2412 3438 2952 2790 2412 3438 2952 2790 2412
RMSE 0.96 0.96 0.97 0.97 0.96 0.96 0.97 0.97 0.96 0.96 0.97 0.97 0.96 0.96 0.97 0.97

4. MotivationContinous

By Early Late Treatment

Table 1
Mixed Logit Models; each column used a slightly different specification of motivation continous. Sample restricted to NGO untreated respondents
Motivation Continous (T = 0) Motivation Continous (T = 0. Early) Motivation Continous (T = 0, Late)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −2.548 81.065*** −32.054*
(12.882) (27.047) (18.463)
Effective 1.048*** 1.094** 1.002***
(0.225) (0.442) (0.298)
Socbenefit 0.271 0.148 0.489
(0.261) (0.422) (0.389)
Envbenefit 0.507** 0.249 0.499
(0.219) (0.352) (0.327)
Partner_NGO −0.369 −1.342 0.087
(0.410) (0.875) (0.599)
Partner_Gov −0.221 −0.704 0.121
(0.476) (0.975) (0.677)
Out −4.436*** −12.669*** −7.209***
(1.231) (4.748) (2.053)
BudgetLevel × motivationcontinous3 −18.452*** −59.344*** −4.238
(5.208) (13.849) (6.978)
Effective × motivationcontinous3 0.036 0.329** 0.003
(0.079) (0.151) (0.111)
Socbenefit × motivationcontinous3 0.103 0.016 0.193
(0.101) (0.163) (0.152)
Envbenefit × motivationcontinous3 0.045 0.183 0.084
(0.084) (0.155) (0.131)
Partner_NGO × motivationcontinous3 0.336** 0.841** 0.163
(0.152) (0.362) (0.223)
Partner_Gov × motivationcontinous3 0.277 0.627 0.149
(0.183) (0.393) (0.265)
Out × motivationcontinous3 0.737* 1.217 1.756***
(0.397) (0.865) (0.650)
Num.Obs. 3366 1278 2088
RMSE 0.97 0.95 0.97

Check: Pilot Changes

Table 2
Mixed Logit Models; each column used a slightly different specification of motivation continous)
Motivation Continous (T = 0) Motivation Continous (T = 0) (Exc. 1st pilot) Motivation Continous (T = 0) (M&L Firms) Motivation Continous (T = 0) (M&L Firms + Exc. 1st pilot)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −2.548 −3.640 2.726 −10.705
(12.882) (15.246) (13.540) (18.109)
Effective 1.048*** 0.861*** 0.607*** 0.750***
(0.225) (0.273) (0.212) (0.283)
Socbenefit 0.271 0.521* 0.214 0.605*
(0.261) (0.289) (0.265) (0.354)
Envbenefit 0.507** 0.465* 0.363* 0.469*
(0.219) (0.251) (0.219) (0.278)
Partner_NGO −0.369 −0.631 −0.581 −0.844
(0.410) (0.535) (0.437) (0.577)
Partner_Gov −0.221 −0.375 −0.169 −0.515
(0.476) (0.573) (0.490) (0.624)
Out −4.436*** −1.406 −5.569*** −4.379***
(1.231) (1.238) (1.257) (1.599)
BudgetLevel × motivationcontinous3 −18.452*** −19.974*** −17.169*** −21.170***
(5.208) (6.250) (5.280) (6.974)
Effective × motivationcontinous3 0.036 0.141 0.117 0.156
(0.079) (0.099) (0.077) (0.098)
Socbenefit × motivationcontinous3 0.103 0.048 0.127 0.031
(0.101) (0.111) (0.102) (0.129)
Envbenefit × motivationcontinous3 0.045 0.076 0.064 0.113
(0.084) (0.101) (0.083) (0.104)
Partner_NGO × motivationcontinous3 0.336** 0.536** 0.411** 0.572**
(0.152) (0.212) (0.162) (0.227)
Partner_Gov × motivationcontinous3 0.277 0.475** 0.278 0.492**
(0.183) (0.230) (0.189) (0.247)
Out × motivationcontinous3 0.737* 0.389 1.401*** 0.718
(0.397) (0.446) (0.401) (0.528)
Num.Obs. 3366 2880 2736 2358
RMSE 0.97 0.97 0.97 0.97
Table 3 Early Late
Mixed Logit Models; each column used a slightly different specification of motivation continous)
Early (T = 0) Late (T = 0) Early (T = 0) (Exc. 1st pilot) Late (T = 0) (Exc. 1st pilot) Early (T = 0) (M&L Firms) Late (T = 0) (M&L Firms) Early (T = 0) (M&L Firms + Exc. 1st pilot) Late (T = 0) (M&L Firms + Exc. 1st pilot)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel 81.065*** −32.054* 81.065*** −55.595** 58.894** −37.839** 58.894** −45.129*
(27.047) (18.463) (27.047) (23.297) (28.485) (18.908) (28.485) (24.189)
Effective 1.094** 1.002*** 1.094** 1.582*** 0.670 0.759** 0.670 0.860**
(0.442) (0.298) (0.442) (0.440) (0.433) (0.300) (0.433) (0.381)
Socbenefit 0.148 0.489 0.148 0.614 0.266 0.160 0.266 0.650
(0.422) (0.389) (0.422) (0.442) (0.547) (0.363) (0.547) (0.492)
Envbenefit 0.249 0.499 0.249 0.516 0.381 0.399 0.381 0.254
(0.352) (0.327) (0.352) (0.385) (0.379) (0.324) (0.379) (0.403)
Partner_NGO −1.342 0.087 −1.342 −0.111 −1.415* −0.090 −1.415* −0.252
(0.875) (0.599) (0.875) (0.807) (0.855) (0.625) (0.855) (0.806)
Partner_Gov −0.704 0.121 −0.704 −0.536 −0.750 0.167 −0.750 −0.376
(0.975) (0.677) (0.975) (0.930) (0.990) (0.696) (0.990) (0.907)
Out −12.669*** −7.209*** −12.669*** −2.420 −10.232*** −5.690*** −10.232*** −2.545
(4.748) (2.053) (4.748) (2.006) (3.710) (1.697) (3.710) (2.005)
BudgetLevel × motivationcontinous3 −59.344*** −4.238 −59.344*** 1.060 −45.785*** −0.643 −45.785*** −1.483
(13.849) (6.978) (13.849) (8.850) (12.969) (6.790) (12.969) (9.159)
Effective × motivationcontinous3 0.329** 0.003 0.329** −0.119 0.405** −0.011 0.405** 0.014
(0.151) (0.111) (0.151) (0.141) (0.169) (0.107) (0.169) (0.134)
Socbenefit × motivationcontinous3 0.016 0.193 0.016 0.182 0.029 0.241* 0.029 0.233
(0.163) (0.152) (0.163) (0.168) (0.203) (0.140) (0.203) (0.197)
Envbenefit × motivationcontinous3 0.183 0.084 0.183 0.169 0.109 0.075 0.109 0.227
(0.155) (0.131) (0.155) (0.154) (0.153) (0.124) (0.153) (0.174)
Partner_NGO × motivationcontinous3 0.841** 0.163 0.841** 0.297 0.895** 0.203 0.895** 0.248
(0.362) (0.223) (0.362) (0.326) (0.363) (0.228) (0.363) (0.316)
Partner_Gov × motivationcontinous3 0.627 0.149 0.627 0.514 0.669* 0.143 0.669* 0.389
(0.393) (0.265) (0.393) (0.385) (0.400) (0.272) (0.400) (0.370)
Out × motivationcontinous3 1.217 1.756*** 1.217 0.232 2.083** 1.467*** 2.083** 0.380
(0.865) (0.650) (0.865) (0.730) (0.937) (0.559) (0.937) (0.713)
Num.Obs. 1278 2088 1278 1602 1080 1656 1080 1278
RMSE 0.95 0.97 0.95 0.96 0.95 0.97 0.95 0.96

5. Firm Characteristics

Offsets history

Offsets plans

Strategies

Backlash

Netzero

Insincere

Relative emissions

Emissions Factor

Firm Size

Estimated Emissions

Table 1: Firm type
Mixed Logit Models
Past Offsets Future Offsets Strategies Netzero Backlash Insincere
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −60.796*** −77.334*** −37.333*** −47.990*** −47.589*** −55.139***
(8.837) (15.127) (8.037) (7.334) (6.109) (14.044)
Effective 1.045*** 1.322*** 0.908*** 0.965*** 1.119*** 0.528**
(0.139) (0.247) (0.135) (0.116) (0.110) (0.219)
Socbenefit 0.698*** 1.141*** 0.581*** 0.631*** 0.516*** 0.418*
(0.135) (0.275) (0.141) (0.133) (0.094) (0.247)
Envbenefit 0.820*** 1.049*** 0.780*** 0.703*** 0.642*** 0.400*
(0.132) (0.232) (0.135) (0.111) (0.091) (0.230)
Partner_NGO 0.689*** 0.901** 0.816*** 0.428** 0.541*** 0.914**
(0.237) (0.458) (0.249) (0.202) (0.164) (0.463)
Partner_Gov 0.691*** 0.617 0.594** 0.334 0.566*** 1.171**
(0.259) (0.524) (0.280) (0.238) (0.188) (0.517)
Out −2.243*** −0.098 −2.591*** −3.864*** −4.647*** −10.403***
(0.650) (1.155) (0.764) (0.826) (0.806) (1.466)
BudgetLevel × offsets_D 7.480
(10.273)
Effective × offsets_D −0.167
(0.166)
Socbenefit × offsets_D −0.347*
(0.191)
Envbenefit × offsets_D −0.506***
(0.176)
Partner_NGO × offsets_D −0.140
(0.343)
Partner_Gov × offsets_D −0.270
(0.384)
Out × offsets_D −4.685***
(0.917)
BudgetLevel × offsets_future_1 6.136*
(3.647)
Effective × offsets_future_1 −0.087
(0.059)
Socbenefit × offsets_future_1 −0.174**
(0.070)
Envbenefit × offsets_future_1 −0.128**
(0.057)
Partner_NGO × offsets_future_1 −0.081
(0.116)
Partner_Gov × offsets_future_1 −0.037
(0.134)
Out × offsets_future_1 −1.191***
(0.296)
BudgetLevel × strategies_D −20.268**
(9.569)
Effective × strategies_D 0.149
(0.152)
Socbenefit × strategies_D −0.218
(0.173)
Envbenefit × strategies_D −0.390**
(0.158)
Partner_NGO × strategies_D −0.402
(0.308)
Partner_Gov × strategies_D −0.136
(0.346)
Out × strategies_D −3.747***
(0.778)
BudgetLevel × netzero_D −3.075
(9.414)
Effective × netzero_D 0.027
(0.144)
Socbenefit × netzero_D −0.261
(0.186)
Envbenefit × netzero_D −0.378**
(0.153)
Partner_NGO × netzero_D 0.183
(0.298)
Partner_Gov × netzero_D 0.122
(0.350)
Out × netzero_D −3.548***
(0.792)
BudgetLevel × backlash_D −24.241**
(12.252)
Effective × backlash_D −0.374**
(0.190)
Socbenefit × backlash_D −0.053
(0.216)
Envbenefit × backlash_D −0.242
(0.185)
Partner_NGO × backlash_D 0.488
(0.396)
Partner_Gov × backlash_D 0.210
(0.446)
Out × backlash_D −3.739***
(0.973)
BudgetLevel × insincere_1 0.194
(3.672)
Effective × insincere_1 0.157***
(0.059)
Socbenefit × insincere_1 0.031
(0.067)
Envbenefit × insincere_1 0.054
(0.061)
Partner_NGO × insincere_1 −0.093
(0.124)
Partner_Gov × insincere_1 −0.183
(0.139)
Out × insincere_1 1.838***
(0.316)
Num.Obs. 4176 5238 4626 4410 4950 5274
RMSE 0.97 0.96 0.96 0.96 0.96 0.96
Table 2: Firm type by NGO Treatment
Mixed Logit Models
Past Offsets (T = 0) Past Offsets (T = 1) Future Offsets (T = 0) Future Offsets (T = 1) Strategies (T = 0) Strategies (T = 1) Netzero (T = 0) Netzero (T = 1) Backlash (T = 0) Backlash (T = 1) Insincere (T = 0) Insincere (T = 1)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −39.578*** −152.061*** −48.321*** −139.596*** −23.082** −62.232*** −52.176*** −83.781*** −43.704*** −83.812*** −39.823** −154.194***
(8.979) (33.668) (17.695) (33.390) (9.568) (16.819) (9.660) (19.645) (7.791) (19.811) (18.244) (39.484)
Effective 0.929*** 1.740*** 1.475*** 0.592 0.999*** 0.783*** 0.919*** 1.100*** 1.272*** 1.245*** 0.446* 0.087
(0.154) (0.432) (0.318) (0.418) (0.180) (0.237) (0.147) (0.262) (0.160) (0.285) (0.270) (0.449)
Socbenefit 0.660*** 0.980** 1.516*** 0.886* 0.507*** 0.754*** 0.629*** 0.830*** 0.417*** 0.992*** 0.456 0.265
(0.167) (0.384) (0.367) (0.486) (0.184) (0.281) (0.160) (0.270) (0.118) (0.299) (0.314) (0.509)
Envbenefit 0.772*** 1.009*** 1.107*** 0.866** 0.889*** 0.642*** 0.597*** 1.013*** 0.634*** 0.802*** 0.336 0.630
(0.153) (0.309) (0.302) (0.422) (0.180) (0.232) (0.139) (0.275) (0.115) (0.242) (0.281) (0.499)
Partner_NGO 0.667** 0.728 1.221** 0.470 0.935*** 0.698 0.424* 0.545 0.506** 0.827** 0.141 2.384**
(0.272) (0.620) (0.587) (0.859) (0.312) (0.468) (0.253) (0.431) (0.207) (0.377) (0.590) (1.051)
Partner_Gov 0.782** 0.408 0.704 0.276 0.717** 0.432 0.417 0.331 0.576** 0.378 1.067* 1.752
(0.313) (0.618) (0.657) (0.973) (0.349) (0.534) (0.299) (0.438) (0.239) (0.410) (0.648) (1.135)
Out −1.071 −4.078*** 4.733*** 1.992 −1.177 −2.892** −1.742** −1.907* −1.686*** −8.900*** −9.003*** −17.703***
(0.719) (1.579) (1.475) (1.832) (0.828) (1.404) (0.724) (1.078) (0.581) (2.394) (1.663) (4.659)
BudgetLevel × offsets_D 3.086 77.052***
(12.705) (28.591)
Effective × offsets_D 0.169 −1.407***
(0.206) (0.497)
Socbenefit × offsets_D −0.175 −0.704
(0.249) (0.466)
Envbenefit × offsets_D −0.554** −0.406
(0.226) (0.376)
Partner_NGO × offsets_D −0.350 0.956
(0.421) (0.856)
Partner_Gov × offsets_D −0.549 0.613
(0.493) (0.845)
Out × offsets_D −4.183*** −9.532***
(1.070) (2.809)
BudgetLevel × offsets_future_1 1.580 17.581**
(4.582) (7.085)
Effective × offsets_future_1 −0.129* 0.123
(0.076) (0.102)
Socbenefit × offsets_future_1 −0.275*** −0.084
(0.094) (0.124)
Envbenefit × offsets_future_1 −0.148* −0.059
(0.077) (0.103)
Partner_NGO × offsets_future_1 −0.197 0.104
(0.155) (0.216)
Partner_Gov × offsets_future_1 −0.063 0.072
(0.172) (0.244)
Out × offsets_future_1 −2.126*** −1.951***
(0.423) (0.627)
BudgetLevel × strategies_D −27.070** −18.049
(11.927) (17.069)
Effective × strategies_D 0.201 0.049
(0.194) (0.259)
Socbenefit × strategies_D −0.050 −0.379
(0.227) (0.336)
Envbenefit × strategies_D −0.545*** −0.154
(0.207) (0.276)
Partner_NGO × strategies_D −0.678* 0.092
(0.407) (0.550)
Partner_Gov × strategies_D −0.367 0.238
(0.447) (0.649)
Out × strategies_D −3.425*** −4.869***
(0.987) (1.533)
BudgetLevel × netzero_D 1.149 30.258
(12.334) (20.715)
Effective × netzero_D 0.284 −0.232
(0.197) (0.295)
Socbenefit × netzero_D −0.209 −0.508
(0.230) (0.340)
Envbenefit × netzero_D −0.166 −0.638*
(0.198) (0.338)
Partner_NGO × netzero_D −0.074 0.832
(0.390) (0.623)
Partner_Gov × netzero_D −0.044 0.666
(0.446) (0.683)
Out × netzero_D −3.494*** −7.336***
(0.999) (1.920)
BudgetLevel × backlash_D −16.457 −35.284
(17.025) (29.317)
Effective × backlash_D −0.668*** 0.062
(0.252) (0.461)
Socbenefit × backlash_D 0.408 −0.896*
(0.331) (0.505)
Envbenefit × backlash_D −0.325 −0.089
(0.241) (0.461)
Partner_NGO × backlash_D 0.035 1.771
(0.515) (1.091)
Partner_Gov × backlash_D −0.386 1.917
(0.580) (1.235)
Out × backlash_D −2.288* −5.488**
(1.206) (2.688)
BudgetLevel × insincere_1 −0.736 12.173
(4.721) (8.825)
Effective × insincere_1 0.182** 0.388***
(0.072) (0.148)
Socbenefit × insincere_1 0.021 0.135
(0.084) (0.157)
Envbenefit × insincere_1 0.074 0.049
(0.074) (0.140)
Partner_NGO × insincere_1 0.089 −0.388
(0.155) (0.288)
Partner_Gov × insincere_1 −0.168 −0.298
(0.173) (0.314)
Out × insincere_1 1.266*** 3.122***
(0.343) (0.941)
Num.Obs. 2736 1440 3348 1890 3006 1620 2826 1584 3168 1782 3402 1872
RMSE 0.97 0.95 0.97 0.95 0.96 0.96 0.97 0.95 0.97 0.95 0.97 0.95
Table 3: Firm Emissions & Revenue
Mixed Logit Models
Relative Emissions Relative Emissions (T = 0) Relative Emissions (T = 1) Emissions factor Emissions factor (T = 0) Emissions factor (T = 1) Estimated Emissions Estimated Emissions (T = 0) Estimated Emissions (T = 1) Firm size Firm size (T = 0) Firm size (T = 1)
* p < 0.1, ** p < 0.05, *** p < 0.01
BudgetLevel −72.271*** −44.794*** −139.124*** −54.302*** −46.909*** −78.077*** −32.902* −70.561*** 67.255* −29.265 −80.584*** 60.358
(13.456) (14.976) (44.136) (7.645) (11.251) (20.195) (18.282) (24.475) (38.055) (19.672) (28.352) (44.216)
Effective 1.372*** 1.572*** 1.124** 1.091*** 0.933*** 1.066*** 1.747*** 2.572*** 0.498 1.307*** 3.171*** −0.547
(0.210) (0.256) (0.491) (0.126) (0.169) (0.263) (0.293) (0.439) (0.499) (0.312) (0.556) (0.597)
Socbenefit 0.902*** 0.657** 1.748*** 0.616*** 0.815*** 0.678** 1.004*** 0.887* 1.732** 1.007*** 0.733 1.634**
(0.233) (0.298) (0.653) (0.134) (0.187) (0.308) (0.346) (0.458) (0.697) (0.361) (0.556) (0.683)
Envbenefit 1.049*** 1.051*** 1.213** 0.738*** 0.603*** 1.252*** 1.122*** 1.244*** 1.207** 0.968*** 1.506*** 0.930
(0.213) (0.243) (0.564) (0.119) (0.155) (0.298) (0.283) (0.394) (0.584) (0.308) (0.507) (0.613)
Partner_NGO 0.783** 0.614 1.724 0.553** 0.739** 0.389 0.921 1.633** −0.403 0.873 1.399 0.215
(0.382) (0.442) (1.075) (0.219) (0.325) (0.483) (0.570) (0.782) (1.160) (0.633) (0.851) (1.278)
Partner_Gov 0.492 0.375 0.535 0.491* 0.824** 0.173 0.497 0.988 −0.247 −0.096 0.308 −0.327
(0.415) (0.495) (1.079) (0.255) (0.352) (0.532) (0.655) (0.948) (1.232) (0.713) (1.023) (1.356)
Out −3.855*** −1.266 −3.140 −2.995*** −0.802 −6.149** −0.662 1.472 −15.759*** −1.151 5.167** −4.109
(1.192) (1.191) (2.559) (0.692) (0.742) (2.541) (1.496) (2.000) (4.978) (1.646) (2.320) (3.718)
BudgetLevel × relemissions 8.495* −0.589 10.978
(4.360) (5.213) (12.187)
Effective × relemissions −0.075 −0.131* 0.125
(0.065) (0.076) (0.159)
Socbenefit × relemissions −0.131* −0.050 −0.384*
(0.079) (0.104) (0.203)
Envbenefit × relemissions −0.156** −0.151* −0.156
(0.069) (0.082) (0.179)
Partner_NGO × relemissions −0.052 −0.031 −0.250
(0.136) (0.156) (0.359)
Partner_Gov × relemissions 0.020 0.045 0.033
(0.144) (0.172) (0.352)
Out × relemissions −1.378*** −0.634 −1.771**
(0.331) (0.389) (0.895)
BudgetLevel × emission_factor 18.095 19.109 −34.045
(28.744) (47.143) (74.563)
Effective × emission_factor −0.688 −0.425 0.241
(0.437) (0.656) (1.093)
Socbenefit × emission_factor −0.557 −0.915 −0.560
(0.553) (0.828) (1.431)
Envbenefit × emission_factor −0.933** −0.002 −3.364**
(0.467) (0.670) (1.334)
Partner_NGO × emission_factor −0.119 −1.674 3.560
(0.937) (1.364) (2.635)
Partner_Gov × emission_factor −0.149 −1.283 1.922
(1.103) (1.579) (2.824)
Out × emission_factor −3.462 −5.754* −35.751***
(2.211) (3.205) (10.636)
BudgetLevel × log_emissions −1.123 1.660 −9.199***
(1.120) (1.462) (2.694)
Effective × log_emissions −0.048*** −0.092*** 0.032
(0.017) (0.024) (0.032)
Socbenefit × log_emissions −0.032 −0.022 −0.072*
(0.021) (0.027) (0.042)
Envbenefit × log_emissions −0.035** −0.038* −0.031
(0.017) (0.023) (0.036)
Partner_NGO × log_emissions −0.025 −0.074 0.081
(0.035) (0.047) (0.074)
Partner_Gov × log_emissions −0.002 −0.030 0.051
(0.040) (0.055) (0.079)
Out × log_emissions −0.201** −0.270** 0.242
(0.084) (0.116) (0.191)
BudgetLevel × log_revenue −1.316 1.810 −8.737***
(1.084) (1.476) (2.873)
Effective × log_revenue −0.017 −0.111*** 0.091**
(0.016) (0.027) (0.037)
Socbenefit × log_revenue −0.028 −0.009 −0.058
(0.019) (0.030) (0.037)
Envbenefit × log_revenue −0.022 −0.048* −0.013
(0.016) (0.026) (0.034)
Partner_NGO × log_revenue −0.018 −0.054 0.038
(0.035) (0.046) (0.072)
Partner_Gov × log_revenue 0.034 0.010 0.052
(0.039) (0.054) (0.078)
Out × log_revenue −0.162* −0.412*** −0.168
(0.083) (0.127) (0.167)
Num.Obs. 5184 3330 1854 5112 3294 1818 5112 3294 1818 5364 3456 1908
RMSE 0.96 0.96 0.95 0.97 0.97 0.95 0.97 0.97 0.95 0.96 0.97 0.95

6. Individual Characteristics

Filters attention Checks

Revenue accuracy Check

Gender

Environmental knowledge

Level of Seniority

Findings

  1. NGO Treatment Effect:
  • NGO monitoring priming significantly increases sensibility to the price, but it also significantly reduces the probability of opting out. Thus, firms are more likely to purchase offsets, but of lower price.

  • For firms with high negative publicity risk, the importance of effectiveness in the treated group is significantly higher than in the untreated group. Thus, priming respondents with monitoring risk increases the salience of effectiveness for firms with high negative publicity risk perceptions.

  • When analyzed separately, untreated respondents have a positive coefficient for the opt-out option, while treated respondents have a negative coefficient. So, opting out adds utility for untreated respondents but reduces it for treated respondents. In the untreated group, the opt-out option was chosen 12% of the time, compared to 8% in the treated group.

  • Overall, results are fairly consistent across the pilot checks.

  1. Motivations Discussion:
  • Firms motivated by efficiency have a lower price coefficient than firms with other motivations. Also, effectiveness is more relevant for firms motivated by factors other than efficiency.

  • Environmental and social co-benefits are more relevant for firms motivated by philanthropy, responsibility, and market differentiation than for those motivated by carbon management or efficiency.

  • Opting out generates disutility for firms motivated by factors other than efficiency, and (although not significant) generates utility for firms motivated by efficiency.

  1. Motivations Treatment Effect:
  • For firms motivated by philantrophy, motivation reminder reduces price coefficient.

  • For firms motivated by carbon management, motivation reminder significantly reduces the probability of opting out.

  • Continuous motivation: when building an index where higher values are expected to predict lower WTP for effectiveness and other social and environmental co-benefits, we indeed observe that higher index values are associated with lower WTP (more negative price coefficient).

  • Comparing primed and unprimed respondents: for primed respondents, price has a positive and significant effect, while for unprimed respondents it has a negative and significant effect. However, among primed respondents, the interaction between the continuous motivation index and the budget is negative and significant, thus reversing the positive price effect for respondents with a higher index.

  1. Who Opted Out: