Stakeholder Engagement, Corporate Social Responsibility and Integrated Reporting: An Exploratory Study

García, Laura Sierra; Zorio‐Grima, Ana; Benau, María Antonia García

doi:10.1002/csr.1345

Cited by 220 publications

(183 citation statements)

References 44 publications

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“…From a micro-perspective, studies indicate that firm size, growth opportunities, profitability, gender diversity on the board or the assurance of non-financial reports positively correlate with the adoption of integrated reporting (Frías-Aceituno, Rodríguez-Ariza, & García-Sánchez, 2013b;Frias-Aceituno, Rodríguez-Ariza, & Garcia-Sánchez, 2014;Sierra-García, Zorio-Grima, & García-Benau, 2015). From a macro perspective, several country-level determinants, such the legal system, value system, and the intensity of market coordination have 6 been considered as potential determinants (Frías-Aceituno, Rodríguez-Ariza, & García-Sánchez, 2013a;Jensen & Berg, 2012;García-Sánchez, Rodríguez-Ariza, & Frías-Aceituno, 2013).…”

Section: Literaturementioning

confidence: 99%

Integrated Reporting and Assurance of Sustainability Information: An Experimental Study on Professional Investors’ Information Processing

Reimsbach

Hahn

Gürtürk

2017

European Accounting Review

210

199

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Sustainability-related non-financial information is increasingly deemed value relevant. Against this background, two recent trends in non-financial reporting are frequently discussed: integrated reporting and assurance of sustainability information. Using an established framework of information acquisition, evaluation, and weighting, this experimental study investigated how the choice of reporting format interacts with the voluntary assurance of sustainability information. The results from a sample of professional investors underline the important role of assurance in the context of voluntary disclosure and illustrate the relevant interaction with the reporting format. Assurance of sustainability information positively affected professional investors' evaluation of a firm's sustainability performance, resulted in a higher weighting of this information, and led to higher investment-related judgments. However, this assurance effect was weaker in the case of integrated reporting compared to separate reporting. We attribute this effect to a cognitive bias in decision making when assured financial performance and non-assured sustainability performance are presented in the same report.

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Section: Literaturementioning

confidence: 99%

Integrated Reporting and Assurance of Sustainability Information: An Experimental Study on Professional Investors’ Information Processing

Reimsbach

Hahn

Gürtürk

2017

European Accounting Review

210

199

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“…Specifically, this recognition has arisen from the growing attention paid by managers to new topics considered useful for the development of corporate reputation, such as stakeholder engagement processes [12][13][14].…”

Section: Literature Reviewmentioning

confidence: 99%

Directive 2014/95/EU: Are Italian Companies Already Compliant?

et al. 2017

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According to Directive 2014/95/EU on disclosure of non-financial information from 2017 onwards, large companies (exceeding 500 employees) headquartered in Member States will be required to provide a series of social, environmental, and governance statements. The Directive was transposed into Italian law by Legislative Decree 254 of 30 December 2016.The aim of this paper is to evaluate the information gap for Italian companies and, consequently, the adjustments required by the new Directive on non-financial information. In order to analyze the level of non-financial and diversity disclosure, we created an assessment model called "Non-financial information score", which records the required information as a percentage. We apply it to a sample of 223 large companies. The results (with an average NFI score of about 49%) show that, in spite of what has previously emerged in the European debate about the application of the Directive on the part of large companies, an information gap remains, although the implementation of the directive should help to fill it in the coming years. In this sense, the potential contribution of the EU directive to non-financial disclosure in Italy appears to be greater than we had expected. Thus, in accordance with the literature, this paper appears to confirm the role of regulation in improving the quality of disclosure of non-financial information.

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“…Improving Climate Performance and Green STI Whether mandatory or voluntary, climate and environmental risk management and reporting requirements must become more effective in improving the overall climate and financial performance of firms and encouraging them to engage in green STI. Recent insights suggest that are several ways in which such measures can achieve this goal [10,[52][53][54][55][56]:…”

Section: Support Of Climate Risk Management In Investment Decisionsmentioning

confidence: 99%

“…Overall evidence suggests that the positive link between a company's financial, climate and environmental performance is most enhanced by environmental management measures as opposed to environmental performance assessments or disclosures, which tend to be ad hoc, varied in quality, and sporadic [10,[54][55][56]. There seem to be several reasons for this outcome.…”

mentioning

confidence: 99%

Innovative Corporate Initiatives to Reduce Climate Risk: Lessons from East Asia

Barbier

Burgess

2017

Sustainability

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Businesses, investors, and insurers are requiring better quantitative assessments of their exposure to climate risks and their impact on climate change. They are incorporating these assessments in their day-to-day management and long-term investment decisions. Already, there are efforts to develop international guidelines, common policies and legal frameworks for such assessments, as well as the desire to foster climate financing. We examine recent progress in East Asia and the rest of the world in setting targets, pricing policies, and other mechanisms to reduce climate risks. We develop a model that demonstrates how reduced climate risk management may lower the total cost of capital of firms, thus making them more attractive to investors. We discuss the additional policies needed to support improved climate risk management in investment decisions, private investments in climate science, technology and innovation (STI) expansion, and more widespread adoption of climate financing and principles. Central banks, financial authorities, and governments can advance this objective by creating financial incentives to support investment decision-making. This would take into account factors such as improving climate performance, establishing better climate risk management and reporting requirements to foster green STI, and developing international guidelines and common policy and legal frameworks to support better climate risk management, assessments and reporting.

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Stakeholder Engagement, Corporate Social Responsibility and Integrated Reporting: An Exploratory Study

Cited by 220 publications

References 44 publications

Integrated Reporting and Assurance of Sustainability Information: An Experimental Study on Professional Investors’ Information Processing

Integrated Reporting and Assurance of Sustainability Information: An Experimental Study on Professional Investors’ Information Processing

Directive 2014/95/EU: Are Italian Companies Already Compliant?

Innovative Corporate Initiatives to Reduce Climate Risk: Lessons from East Asia

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