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1.
Radiah Othman Rashid Ameer 《Corporate Social Responsibility and Environmental Management》2010,17(1):52-62
This paper examines annual environmental protection disclosures of palm oil companies in Malaysia that have significant implications for the preservation of earth, water and air quality. We found that the location of the environmental disclosures vary among the sample companies. We found that the extent of the disclosures on four key items – environmental policy, measurement systems, targets for improvements and impact on biodiversity – has been very low among the sample companies. The paper concludes that unless the gaps in the knowledge of both palm‐oil‐producing companies and stakeholders regarding environmental protection are addressed, environmental degradation is likely to continue and the corporate ‘tick‐boxing’ trickery would carry on concealing the real picture from stakeholders. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment. 相似文献
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Andrew S. Chang Larissa S. Paramosa Calista Y. Tsai 《Corporate Social Responsibility and Environmental Management》2021,28(4):1335-1347
Consulting firms and contractors can mitigate the environmental effects of construction; however, they may disagree in their interpretations of how to address various environmental topics and the linkage between key topics and related indicators disclosed in corporate social responsibility (CSR) reports. This study investigated the linkage between key topics and performance indicators disclosed by the two types of companies in eight CSR reports. The present study identified and analyzed environmental material topics, indicator disclosures, and their relationships. The key topics (such as those concerning materials and energy) identified by consulting firms were not necessarily those regarded as important by the contractors. A strong correlation existed between the indicator disclosures of the companies. Emissions indicators were most frequently disclosed. The contribution of this study is proposing the importance of aligning topics and indicators. Companies that review this study can align their practices with its findings to improve CSR reporting quality. 相似文献
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Selena Aureli Sabrina Gigli Renato Medei Enrico Supino 《Corporate Social Responsibility and Environmental Management》2020,27(1):43-52
The relationship between a company's sustainability practices and its financial performance has been investigated with different methods and from different theoretical perspectives. This study aims to answer the following questions: (a) Do investors react to the publication of sustainability reports on company websites? (b) Has the market reaction to the publication of the sustainability report increased in the last few years? In this study, 170 report disclosures were considered from 55 listed companies from all over the world in the period from 2009 to 2016. To analyze the impact of the report publications on the security returns, 33 different event windows were analyzed. Results show two significant event windows and an increasing level of significance in the reports released after 2013. 相似文献
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Elda du Toit;Pieter Willem Jacobus Delport; 《Corporate Social Responsibility and Environmental Management》2024,31(2):1433-1450
Considering debates surrounding the usefulness of integrated reporting for decision-making, this exploratory study uses objective measures to investigate the quality of disclosures other than financial in the basic materials industry of South Africa. Annual and integrated reports for the basic materials and consumer discretionary industries are evaluated over 12 years, from 2008 to 2020 for a total of 1204 firm-year observations to investigate whether (1) integrated reporting brought positive change and (2) whether reporting improved over time. Readability and narrative tone analyses are conducted, and non-parametric Kruskal-Wallis tests are used to investigate the development of these measures over time. The results show that corporate reports in the basic materials industry decreased in quality over time in that the reports have become longer, less readable, and use specific narrative tones, which can create biases. The findings reveal that the declining quality of reports in the basic materials industry could mislead or deter investors, challenge regulatory oversight, and ultimately, impact firms' social licence to operate. Thus, they offer actionable insights for firms to improve disclosure by reducing complexity and length and adopting a neutral narrative tone to mitigate biases, thereby making these reports more accessible and useful for a wider stakeholder audience. In addition, investors ought to demand better reporting, and regulators should tighten guidelines. 相似文献
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Francesco Paolone Fabrizio Granà Laura Martiniello Riccardo Tiscini 《Corporate Social Responsibility and Environmental Management》2021,28(5):1471-1482
In response to EU Directive 95/2014, many companies headquartered in Europe have strengthened their non-financial disclosure on environmental strategies and risks. In particular, the Directive was applied by Italian law, with the Legislative Decree 254/2016, requiring the largest Italian companies (exceeding 500 employees) to provide detailed information on their social and environmental disclosures. In this paper, we aim to analyze the value relevance of financial and environmental information provided by the Italian, non-financial listed companies after the implementation of the Legislative Decree 254/2016. By building on the signaling theory, we set a pooled regression analysis to test the relationship between environmental disclosure and value relevance for the period 2017–2018. We contribute to the literature by arguing that Italian companies' market value depends on both their financial and environmental disclosures. More specifically, we argue that accounting information is not sufficiently capable to explain the value relevance and it needs to be integrated by a set of environmental information. Our contribution aims at demonstrating that the higher the levels of environmental risk indicators disclosure, the greater a company's market performance. 相似文献
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Elizabeth Stanny Kirsten Ely 《Corporate Social Responsibility and Environmental Management》2008,15(6):338-348
We examine factors associated with the US S&P 500 firms' decisions to disclose information about the current and projected effects of climate change to institutional investors. Through the Carbon Disclosure Project, 315 institutional investors representing 41 trillion USD in assets asked the largest public firms to respond to a questionnaire about climate change. We explore whether firms' disclosures directed specifically to institutional investors are related to factors that have been found to explain voluntary disclosures to investors in general. In particular, we consider factors related to the level of scrutiny, since extant literature predicts that the cost of not disclosing increases with level of scrutiny. We find that size, previous disclosures and foreign sales are related to whether firms disclose information about climate change requested by institutional investors through the Carbon Disclosure Project. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment. 相似文献
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《Corporate Social Responsibility and Environmental Management》2018,25(3):209-224
The objective of this paper is to investigate the yet‐to‐develop assurance market, its links with the mature auditing market, and the role that the Big4 auditing firms (KPMG, EY, PwC, and Deloitte) play in the former. We use data submitted to the Global Reporting Initiative by companies in 18 countries, for the years 2011–2013, in order to obtain a global overview that allows generalization of the results. We find higher levels of disclosure and increased credibility of sustainability reports (SRs) when the financial auditor is a Big4. Companies audited by a Big4 are more likely to assure the SR than those audited by a non‐Big4. Our paper confirms the connection between financial auditor and assurer of SR provider in an international setting: the choice of a Big4 as a financial auditor is a driver for the choice of a Big4 as an assurer provider, suggesting a potential competitive advantage. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment 相似文献
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机场作为民航运输的关键节点和重要枢纽,肩负着服务区域经济的重要使命,同时也面临环境保护与可持续发展的巨大挑战。作为公共基础设施和城市形象窗口,机场上市公司具有披露环境信息的义务与责任。在充分研究国内机场上市公司环境信息披露制度背景的基础上,本研究借鉴全球报告倡议组织（GRI）发布的《可持续发展报告指南》（第四版）及机场运营者行业补充（GRI-AOSS）构建了适用于我国机场的环境信息披露评价指标体系,并利用公开数据对国内6家机场上市公司的环境信息披露情况进行了实际测评。结果表明：我国机场环境信息披露程度较低,存在内容简单、量化不足、质量下降等问题。机场上市公司环境信息披露亟待在法律法规层面进行系统规范。建议借鉴GRI等相关国际标准及成功经验,制定适用于我国的科学可行的环境信息披露标准和制度体系。 相似文献
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Qiang Li Tian Li Hongtao Chen Erwei Xiang Wenjuan Ruan 《Corporate Social Responsibility and Environmental Management》2019,26(1):248-256
This study examines whether executives justify their excess compensation through environmental information disclosure using a sample of listed companies in China's heavily polluting industries from 2010 to 2014. We find that executives' excess compensation is positively related to the quality of environmental information disclosure. The above relationship is significant in cases with strong demand for compensation justification (i.e., state‐owned enterprises and firms where an internal compensation gap is salient), indicating that executives manipulate environmental information disclosure about their companies according to their purposes. We also find that media pressure weakens the above relationship. A further test affirms a differential influence of media pressure in settings that involve public or private ownership, development of markets, and low or high product market competition. This study reveals a self‐serving motive of executives for environmental information disclosure. The findings of this study have practical implications for regulators, shareholders, and managers. 相似文献
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Vitiana L'Abate Filippo Vitolla Paolo Esposito Nicola Raimo 《Corporate Social Responsibility and Environmental Management》2023,30(4):1903-1916
In recent years, the airport industry is facing the effects of the growing pressure towards sustainability. In fact, airports have often been accused of having strong environmental and social impacts. This circumstance shed light on the need for airports to provide stakeholders with precise information about the social and environmental effects of their activities. The importance of sustainability disclosure in the airport industry is also attracting the interest of academics. However, studies are still limited and there is a lack of contributions aimed at identifying the drivers of sustainability disclosure in the airport industry. This work aims to fill this gap by analyzing, under the lens of legitimacy theory, the impact of business size, business complexity and corporate visibility on the level of sustainability information disseminated by airports. To this end, a manual content analysis is performed on a sample composed by 145 large European airports to measure the level of sustainability information disseminated. Furthermore, a multiple regression analysis is performed to examine the role played by business size, business complexity and corporate visibility on the level of sustainability disclosure. The results show that the number of passengers, the cargo quantity, the number of terminals and gates and the level of social media exposure represent positive drivers of the sustainability disclosure of the European airports. This study contributes to enriching the academic literature in several ways and offers important managerial implications. 相似文献
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《Corporate Social Responsibility and Environmental Management》2018,25(4):609-627
This paper examines how independent directors behave with respect to sustainability disclosure, attending to its comparability, utility, and reliability, and the moderating effect of the level of socially responsible performance. A large sample of international companies from the period 2006–2014 was used to develop our models of analysis. This research evidences that independent directors show an initial opposition to this voluntary disclosure policy unless there is a higher sustainable development and performance. Several disclosure aspects are examined where, first, utility and comparability of sustainability disclosure are fomented by independent directors only under a greater social and environmental performance. Second, this performance reinforces the positive orientation of independents towards the external assurance of social and environmental disclosure. Thus, the initial opposition of independent directors towards a sustainability disclosure is avoided if there is a greater responsible performance that reduces their reputation risks associated with potentially misleading information. Copyright © 2018 John Wiley & Sons, Ltd and ERP Environment 相似文献
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Magdalena Zioło Iwona Bąk Anna Spoz 《Corporate Social Responsibility and Environmental Management》2023,30(5):2344-2361
In conditions of limited natural resources, growing social awareness, and ESG risk, sustainability and the pressure to be sustainable are gaining importance. Legislative requirements, good practices and recommendations as well as the stakeholders themselves expect from market participants, especially from the enterprise sector, that they will incorporate sustainability in their activities. Enterprises undertake adaptation activities towards sustainability by creating sustainable value based on their business models. The article aims to systematize the state of knowledge on how companies create sustainable value. Research results in this area are dispersed, and more studies discussing this topic comprehensively are needed. The article fills the gap in research by reviewing the existing studies on creating sustainable value. The analysis of publications was based on the academic databases of Elsevier Scopus and Web-of-Science. 101 publications were reviewed, and 31 categorization variables related to the area of research and issues addressed in scientific publications were created. Using a multidimensional correspondence analysis, three homogeneous clusters of publications were obtained: group I refers to articles concerning enterprises of various sizes (micro, small, SME, and start-up); group II includes publications on Asia and Australia, which appeared in 2020 or later; group III concerns articles related to the research of large production companies in developed European countries. The result shows that companies build sustainable value in various ways, influenced by company's location and size. Among the dominant patterns of incorporating sustainable value, the following are indicated: building a sustainable supply chain, innovations, building relationships with stakeholders and consumers, sharing economy. 相似文献
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Kenneth M. Amaeshi Andrew Crane 《Corporate Social Responsibility and Environmental Management》2006,13(5):245-260
The aviation sector has mixed impacts on economic development and environmental degradation. Market instruments and regulations are not always sufficient to balance these conflicting demands. Stakeholder engagement has been recognized as a possible non‐market and non‐regulatory mechanism that could complement both market instruments and regulations. This paper provides a stakeholder engagement framework to support airport companies in formulating and implementing strategies for sustainable airport development and suggests a practice guide to operationalize the framework. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. 相似文献
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Rodolfo Damiano;Chiara Di Maria; 《Corporate Social Responsibility and Environmental Management》2024,31(4):2715-2732
The Agenda 2030 Sustainable Development Goals (SDGs) require collaboration between governments, individuals, and the business community. However, research is still needed to understand how companies should contribute to the SDGs. Notably, researchers acknowledge companies' reporting practices play a crucial role in connecting organizational behavior to sustainability, advocating for more inclusive and transparent reporting to enhance companies' contribution to sustainable development. Despite the extensive literature on sustainability disclosure, limited empirical studies focus on socially inclusive and dialogic reporting as a determinant of SDGs’ achievement. Focusing on the second SDG (“Zero hunger”), this study analyses 211 of the most relevant worldwide large public companies in achieving it. The results reveal that companies adopting more inclusive and dialogic reporting practices also make greater contributions to SDG2, thus underlining the significance of inclusive reporting in achieving SDGs. 相似文献
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Davide Giacomini Paola Zola Diego Paredi Mario Mazzoleni 《Corporate Social Responsibility and Environmental Management》2020,27(4):1552-1564
The concept of sustainable development has become dominant in the current socio‐economic debate at the global level. In particular, environmental issues have become increasingly central in the action of all organisations: private, public, and hybrid. Analysing a sample of Italian public utilities, we studied the level of disclosure regarding environmental topics via public Facebook pages. The aim of this study is to evaluate the impact of Web 2.0 on municipally owned public utilities' voluntary disclosure of environmental issues and stakeholder interest in this field. The findings show that the use of Facebook by public utilities to disclose environmental issues is still at an early stage. However, it is constantly growing, especially in the larger companies and in those with mixed public/private ownership. 相似文献
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The aim of this study is to analyze the structural relationships between strategy, environmental performance, and disclosure in view of the lack of research on these endogenous activities. To analyze these relationships, an environmental governance proxy consisting of five dimensions was developed for Brazilian companies. Hence, from an economic perspective, a trend is expected of companies disclosing more information and maintaining an environmental governance structure to avoid or reduce potential political costs. Using the structural equation technique, 573 Brazilian companies were analyzed. According to the results, the Brazilian companies’ mean compliance level with environmental governance practices is 49.2%. There is evidence of a positive association between the governance structure and the environmental management system (GSEM) as well as environmental performance (EP) and environmental disclosure levels (DISC). In addition, the level of environmental conflicts of interest a sector faces increased the need for environmental disclosure. Furthermore, the results demonstrate that the latent variables, GSEM and EP, exert direct and indirect positive effects on DISC. In other words, companies with more structured environmental management systems have obtained better performance indicators, and consequently, are more likely to feel encouraged to disseminate environmental information and to reduce political costs than is the case with other companies. 相似文献
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This research provides evidence that companies may disclose environmental capital expenditures to inform investors of a proactive environmental strategy. For a sample of electric utilities in the USA, the results show that companies with lower rates of emissions of three greenhouse gases are more likely to report amounts of environmental capital expenditure. These companies also have higher overall capital spending intensity and better financial performance. Therefore, the results support voluntary disclosure theory arguments, rather than legitimacy theory arguments. Firms with superior performance may disclose environmental capital spending to send a strong signal to investors of commitment to improvement of environmental performance and to differentiate themselves from competitors. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment. 相似文献