Sustainability reporting practices in US and UK: an empirical comparison

Bhatia, Aparna; Tuli, Siya

doi:10.1108/ijlma-04-2017-0102

Cited by 9 publications

(10 citation statements)

References 36 publications

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“…Among the studies in this domain are those devoted to factors contributing to better sustainability reporting [42][43][44] and the influence of non-financial reporting on a company's market capitalization [45]. There are also decarbonization studies that focus on aspects such as the O&G sector's strategic goals and development priorities, the potential for the use of low-carbon technologies, and the strategy of the Russian energy industry in the context of climate scenarios for the development of the global energy sector [46][47][48].…”

Section: Introductionmentioning

confidence: 99%

Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies

Titova,

Cherepovitsyna,

Guseva

2023

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Being key players in providing sustainable energy on a global scale, oil and gas (O&G) companies can contribute to achieving the UN’s Sustainable Development Goals SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). This paper focuses on Russian O&G companies and presents an analysis of their contribution to these SDGs in the context of today’s decarbonization agenda. The study is based on a content analysis of their corporate sustainability reports and has produced three results. First, we analyzed the key strategic goals of Russian O&G companies. Second, we identified the correspondence between the progress towards the SDGs declared in their sustainability reports and the UN’s SDG indicators. Third, we analyzed the contributions of Russian O&G companies to SDGs 7 and 13. As a result of the study, recommendations were formulated to introduce practical tools aimed at increasing the contribution of Russian O&G companies to sustainable development. The article discusses problems in corporate sustainability reporting of Russian O&G companies. The paper also seeks to expand the existing literature on the contribution of the Russian O&G sector to providing sustainable energy and accelerating the energy transition in line with the decarbonization agenda.

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Section: Introductionmentioning

confidence: 99%

Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies

Titova,

Cherepovitsyna,

Guseva

2023

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“…From the geographical region perspective, European or non-European geographical establishment may have significant impacts on non-financial disclosure as the EU Directive has been mandatory for large EU companies since 2017 (Cordazzo et al , 2020). However, Bhatia and Tuli (2018) suggest higher sustainability disclosure by US companies in comparison with UK companies. As such, non-European HEIs might have higher non-financial information disclosure than the EU based HEIs due to compliance with different regulations.…”

Section: Methodsmentioning

confidence: 90%

Measuring the impact of corporate governance on non-financial reporting in the top HEIs worldwide

Parajuli

Chhatbar

Hassan

2022

MEDAR

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Purpose This study aims to measure the relationship between corporate governance and non-financial reporting (NFR) in higher education institutions (HEIs). Board effectiveness, student engagement, audit quality, Vice-Chancellor (VC) pay and VC gender are targeted for analysis. Design/methodology/approach This study is based on content analysis. The authors used the EU NFR Directive (2014/95/EU) to measure NFR. This includes environmental, corporate social responsibility, human rights, corporate board effectiveness and corruption and bribery. Cross-sectional data was collected from 89 HEIs worldwide across 15 different countries over three years. Content analysis, the weighted scoring method and panel data analysis are used to obtain the results. Findings Through a neo-institutional theoretical lens, this study provides a broader understanding of NFR content disclosure practices within HEIs. The findings reveal that the audit quality, VC pay and VC gender are significantly and positively associated with NFR content disclosure. However, board effectiveness has a significant negative impact on NFR content disclosure. More interestingly, the findings reveal that student engagement has an insignificant association with NFR content disclosure and there significant difference on the level of NFR content disclosure across universities situated in the different geographical region such as the USA, Australia, the UK and EU, Asia and Canada. The findings have important implications for regulators and policymakers. The evidence appears to be robust when controlling for possible endogeneities. Originality/value The study contributes to the literature on corporate non-financial disclosure as it provides new insights of corporate governance mechanisms and NFR disclosure within HEIs.

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“…Oil and gas companies' first efforts at sustainability reporting occurred in the 1980s, and mining companies followed suit in the 1990s [2]. Although the primary focus was on producing stand-alone environmental reports [12,17,18], both industries have since expanded their scope and become more invested in sustainability reporting than most other industries [3,7,19]. In the last decade, research on indicators used in sustainability reports of oil and gas and mining companies has primarily focused on a single industry (either oil and gas or mining); however, the research has varied in terms of scope.…”

Section: Sustainability Reporting In the Extractive Industriesmentioning

confidence: 99%

“…In the last decade, research on indicators used in sustainability reports of oil and gas and mining companies has primarily focused on a single industry (either oil and gas or mining); however, the research has varied in terms of scope. For example, some studies have focused on the indicators companies used in a single year [7,17,18,[20][21][22][23], and others have examined the trends in reporting practices over time [2,3,19,[24][25][26][27][28][29][30], but hypothesis testing to assess the statistical significance of the temporal trends in reporting has not been conducted. Likewise, some studies have focused on a single dimension of sustainability (e.g., only environmental indicators) [17,20,22,25], while others investigated more than one dimension [2,3,7,18,21,24,[26][27][28][29].…”

Section: Sustainability Reporting In the Extractive Industriesmentioning

confidence: 99%

A Data-Driven Approach to Evaluation of Sustainability Reporting Practices in Extractive Industries

et al. 2021

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Sustainability reporting is one of the tools that contribute to incorporating sustainable development in the design of extractive operations (i.e., “Design for Sustainability”), and the demand for sustainability reports is increasing due to the increased focus on sustainable development and sustainable financing efforts. The extractive industries are believed to have unique strengths to contribute to achieving the Sustainable Development Goals. Nonetheless, companies are expected to be transparent and accountable not only to investors but to all stakeholders, including communities, suppliers, clients, employees, and governments. Therefore, extractive industries require effective sustainability accounting and reporting to transition and contribute to sustainable development. Through a data-driven approach, this paper examines the scope and consistency of sustainability indicators used in the sustainability reports of eight oil and gas and eight mining companies from 2012 to 2018. Through content analysis and relevant statistical methods, we analyze the ways in which companies reported on their contributions to sustainable development, with a focus on indicators used and trends over time both within each industry and between industries. We demonstrate that extractive industries’ sustainability reporting practices are not consistent over time and that internal issues are better represented than external issues, in particular transportation and supply chain issues. Furthermore, while there are similar trends across the industries in terms of social and environmental indicator reporting, there are significant differences in economic reporting. We conclude that although both industries have established sustainability reporting practices, there are trends that demonstrate what companies are focusing on more, as well as areas for improvement. We see this as an initial step for conceptualizing how these industries can more objectively, consistently, and effectively assess and contribute to sustainable development.

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Sustainability reporting practices in US and UK: an empirical comparison

Cited by 9 publications

References 36 publications

Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies

Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies

Measuring the impact of corporate governance on non-financial reporting in the top HEIs worldwide

A Data-Driven Approach to Evaluation of Sustainability Reporting Practices in Extractive Industries

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