Sustainability performance and social media: an explorative analysis

Russo, Sarah; Schimperna, Federico; Lombardi, Rosa; Ruggiero, Pasquale

doi:10.1108/medar-03-2021-1227

Cited by 30 publications

(21 citation statements)

References 78 publications

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“…Recent studies have highlighted both the benefits for those who adopt sustainable practices and the negative externalities in terms of reputation for those who do not adopt them (Sadiq et al , 2020). For several companies, therefore, sustainability has become a tool for improving their performance (Russo et al , 2022). For sustainable practices to be transformed into medium- to long-term benefits, it is necessary, on the one hand, for the company to integrate sustainability into corporate strategies.…”

Section: Introductionmentioning

confidence: 99%

The impact of gender diversity on corporate social responsibility knowledge: empirical analysis in European context

Paoloni

Lombardi²,

Principale³

2023

JKM

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Purpose The Covid-19 pandemic has exacerbated social risks around the world, highlighting inequalities and eroding social cohesion in and between nations. The challenges posed by this global crisis to world governments can be overcome with cooperation between the public and private sectors. Several studies support the importance of external corporate social responsibility (CSR) activities in sharing knowledge with citizens and external stakeholders, with benefits for the company and for society. Few studies have investigated the relationship between knowledge management (KM) and sustainability. This work aims to investigate the influence of the gender variable in the sharing of CSR knowledge, focusing on the area of human rights. Design/methodology/approach The panel regression analysis was performed on a sample of 660 European companies listed over the years 2017–2020. The hypotheses tested in panel regression were then corroborated by a further test. Findings The results show a positive influence of women directors in the external disclosure of human rights. Evidence would assign a positive role to gender in sharing knowledge. Practical implications The findings offer new insights into the role of gender on KM and sharing. The results show that gender can be a factor that stimulates CSR knowledge. The presence of women directors can be a useful tool to increase the relational capital of the companies and to share knowledge outside the company. Originality/value The study contributes to the poor literature between knowledge sharing and sustainability. Evidence would assign a positive role to gender in sharing knowledge.

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Section: Introductionmentioning

confidence: 99%

The impact of gender diversity on corporate social responsibility knowledge: empirical analysis in European context

Paoloni

Lombardi²,

Principale³

2023

JKM

Self Cite

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“…This analysis aims to delve deep into the channels through which sustainability performance influences SDG disclosure. Consistent with prior studies (Bătae et al, 2021;Russo et al, 2022;Velte, 2021), we consider the main ESG subpillars as the channels through which sustainability performance affects SDG disclosure. Accordingly, we test the following channels related to environmental (resource use, emissions, and innovation), SP (workforce, human rights, community, and product responsibility), and governance (management, shareholders, and CSR strategy) dimensions.…”

Section: Channel Analysismentioning

confidence: 77%

Does SDG disclosure reflect corporate underlying sustainability performance? Evidence from UN Global Compact participants

Nicolo',

Zampone,

De Iorio

et al. 2023

Financ Manag Account

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The 2030 United Nations (UN) Agenda for Sustainable Development has posed unprecedented challenges to businesses to integrate Sustainable Development Goals (SDGs) concerns into their core operations and strategies and improve their transparency on SDG commitment toward investors and other stakeholders. However, prior studies have questioned the significance of firms' SDG disclosure practices, evidencing their inadequacy. Nevertheless, despite the burgeoning SDG disclosure literature, the extent to which SDG disclosure effectively reflects corporate sustainability performance is still unclear. Accordingly, using data from a large panel data set comprising 635 companies from 45 world countries and 8 industry sectors over the period 2016–2020, this study investigates the relationship between corporate environmental, social and governance (ESG) performance and sustainable development goals (SDGs) disclosure. Voluntary SDG disclosure has been measured using a disclosure index based on each company's response to the uniform and well‐designed communication on progress (CoP) questionnaire drafted annually by business participants in the United Nations Global Compact (UNGC). Several panel Tobit regressions have been estimated to examine whether the level of SDG disclosure retrieved from the CoPs reflects underlying corporate sustainability performance measured by total and individual ESG scores provided by the Refinitiv Eikon database. The study's findings provide robust empirical evidence that sustainability performance positively affects SDG disclosure, especially through environmental and social channels. Therefore, in line with the voluntary disclosure theory's arguments, this study highlights that superior sustainability performers provide more SDG disclosure to prove their high performance and distinguish themselves in the eyes of investors and other stakeholders.

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“…Corporate information efforts have been significantly impacted by the emergence of social media, which now includes some updated features, including removing media intermediaries, breaking the elite's control, and higher timeliness and dynamics (Lee, et al, 2013;Lyon and Montgomery, 2013;Zheng, et al, 2018). These characteristics make social media helpful for firms to carry out self-interested information dissemination (Blankespoor, et al, 2014;Lee, et al, 2015;Jung, et al, 2017;Yang and Liu, 2017), thus guiding stakeholders' impressions (Lee, et al, 2015;Manetti and Bellucci, 2016;Saxton, et al, 2019;She and Michelon, 2019;Russo, et al, 2022). However, they also create increases in firms' external supervision, expand the uncertainty of public opinion (Hales, et al, 2018;Ang, et al, 2020;Lepore, et al, 2022;Turzo, et al, 2022), and even force firms to be more responsive (Lei, et al, 2018;Fan, et al, 2020;Dube and Zhu, 2021;Zhang and Yang, 2021;Shao and He, 2022).…”

Section: Social Media and Corporate Sustainability Disclosurementioning

confidence: 99%

Corporate sustainability disclosure on social media and its difference from sustainability reports:Evidence from the energy sector

Zhong

Wang²

2023

Front. Environ. Sci.

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The purpose of this study is to examine the sustainability information that energy companies provide on social media and the relationship between that data and that which is shared in conventional sustainability reports. Based on stakeholder theory, we use a sample of Chinese A-share listed energy corporations in 2020 and refer to GRI G4 guidelines to conduct content analysis on their 17,451 tweets from the WeChat platform and 53 sustainability reports. The analysis results show the following: 1) both the sustainability disclosures of Chinese energy firms on WeChat platform and sustainability reports focus on investor and employee dimensions. Among them, the average proportion of investor dimension disclosure to total disclosure is 31.92% and 35.19% on social media and sustainability reports, respectively, and the average proportion of employee dimension disclosure is 27.22% and 17.92%, respectively. However, the two channels show a large difference in the environment and government dimensions. The average proportion of environment disclosure in sustainability reports is 13.44%, while on social media it is only 2.01%. Government disclosure in sustainability reports is 8.24% and as high as 20.43% on social media. (2) Chinese energy firms prefer to provide supplementary information on social media. For example, using the investor dimension as an example, the average proportion of non-GRI information on social media is 71.47%, while that of the sustainability report is only 48.56%. This study helps stakeholders to better understand sustainable information on social media.

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Sustainability performance and social media: an explorative analysis

Cited by 30 publications

References 78 publications

The impact of gender diversity on corporate social responsibility knowledge: empirical analysis in European context

The impact of gender diversity on corporate social responsibility knowledge: empirical analysis in European context

Does SDG disclosure reflect corporate underlying sustainability performance? Evidence from UN Global Compact participants

Corporate sustainability disclosure on social media and its difference from sustainability reports:Evidence from the energy sector

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