Facilitators and impediments for socially responsible investment: a study of Hong Kong

Sjöström, Emma; Welford, Richard

doi:10.1002/csr.210

Cited by 30 publications

(20 citation statements)

References 32 publications

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“…In their article 'Facilitators and impediments for socially responsible investment: A study of Hong Kong', Emma Sjöström and Richard Welford describe socially responsible investments (SRI) in Hong Kong, one of the world leading financial centres (Sjöström et al, 2009). Financial markets have a central role in our economy in that the allocation of resources through these markets helps shape the development of society.…”

Section: This Special Issue On Corporate Social Responsibilitymentioning

confidence: 99%

Corporate social responsibility and developing countries

Dobers

Halme

2009

Corp Soc Responsibility Env

342

315

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This is an accepted version of a paper published in Corporate Social Responsibility and Environmental Management. This paper has been peer-reviewed but does not include the final publisher proof-corrections or journal pagination.Citation for the published paper: Dobers, P., Halme, M. (2009 Abstract: This article gives attention to several CSR questions in developing countries: 1) Illustrations from e.g. South America and Africa, including African voices critical to foreign aid, show that societies are different in many respects. This implies different capacities of organizations and their managers to understand and address pressing CSR issues in different cultural contexts. 2) Weak institutional environments, such as in developing countries, often harbor illicit financial outflow from poor countries to rich ones. This strips developing nations of critical resources and contributes to failed states, a point hardly ever discussed in the CSR literature. We argue for corporate actions in areas such as enhancing capacity in detecting tax fraud, antitrust and the unveiling of corruption cases. Obviously legislation is a task of politicians, governments and international governmental bodies. However, if business enterprises can 'legally misuse' the system, then the matter should be seen as a CSR issue also. There is thus an urgency for concerted efforts by the private sector, public sector and NGOs to develop structures and institutions that contribute to social justice, environmental protection and poverty eradication.

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Section: This Special Issue On Corporate Social Responsibilitymentioning

confidence: 99%

Corporate social responsibility and developing countries

Dobers

Halme

2009

Corp Soc Responsibility Env

342

315

View full text Add to dashboard Cite

show abstract

“…For the developing nations, particularly in Asia, studies have aimed at evaluating the level of CSR development, analyzing the approach used in reporting and the presence of control procedures. The results show a prevalence of the qualitative approach in reports produced, with scarce attention to internal and external audits (Thompson and Zakaria, ; Azim et al ., ; Naeem and Welford, ; Sjöström and Welford, ).…”

Section: Literature Reviewmentioning

confidence: 99%

Scoring CSR Reporting in Listed Companies – Evidence from Italian Best Practices

Romolini

Fissi

Gori

2012

Corp Soc Responsibility Env

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In the last decade, political pressure from international organisms has contributed to the divulgation and the adoption of social accountability practices. Using an inductive method, this research examines the state of the art of best social reporting practices carried out by Italian listed companies, by scoring and assessing the different maturity levels in application of the principles required by the main reporting models mentioned and by exploring the indicators disclosed in corporate social responsibility (CSR) reports. We analyze CSR reporting by Italian companies making up the FTSE ECPI Leaders Index of the Italian Stock Exchange. The findings show an overall good level of disclosure. The data confirm the results of previous studies as they highlight the escalation in sustainability reporting: both the quantity and quality of sustainability information are increasing. However, the results may raise doubts that companies consider CSR as a ‘fashion’. In fact, one of the criticisms levelled against CSR is that information is self‐gathered and self‐reported. More mandatory rules may improve transparency; however these may compromise the CSR concept, so it is necessary to further investigate the findings. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.

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“…Even though there are a number of reporting frameworks such as the International Integrated Reporting Council (IIRC) framework, the UN (Global Compact) and Global Reporting Initiative (GRI) framework for non‐financial reporting that cover aspects of ESG reporting, these frameworks do not provide reliable measures that are comparable between companies in the same or different sectors. Further, as the information disclosed by companies differs in terms of content, boundary, style and complexity, it is difficult for stakeholders to judge the environmental performance of these companies and understand which companies are better or worse (Kokubu et al , ).Measurement criteria used may also differ between different business sectors; therefore, investors’ assessments are often undermined by inconsistencies and insufficiencies arising from the differences of ESG data in terms of industries, regions and countries (Sjöström and Welford, ). Financial reporting of listed companies is regulated, mandatory and required to meet the financial reporting framework quality standards, which emphasize relevance, reliability, comparability and faithful representation (de la Cuesta and Valor, ).…”

Section: Introductionmentioning

confidence: 99%

Integrating Environmental, Social and Governance (ESG) Disclosure for a Sustainable Development: An Australian Study

2016

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Addressing environmental, social and governance (ESG) issues has become a critical part of business strategy. This article explores the extent of ESG reporting of metal and mining sector companies listed in the Australian Securities Exchange to determine the nature of ESG indicators in use in the sector. The current study argues that stakeholder engagement is the key to enhance company environmental policy and sustainable development. According to the results of this study, ESG reporting motives are highly influenced by reporting regulations. Given the diversity in reporting of ESG, comparability of ESG strategic performance is problematic. This study contributes towards developing an ESG disclosure index, which companies could use as a legitimacy tool that external stakeholders could use to reliably measure and compare the ESG performance of companies. It also reveals there is an increased demand for more empirical research on integration of sustainability into strategic planning process. Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment

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Facilitators and impediments for socially responsible investment: a study of Hong Kong

Cited by 30 publications

References 32 publications

Corporate social responsibility and developing countries

Corporate social responsibility and developing countries

Scoring CSR Reporting in Listed Companies – Evidence from Italian Best Practices

Integrating Environmental, Social and Governance (ESG) Disclosure for a Sustainable Development: An Australian Study

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