Sustainability reporting tools: Examining the merits of sustainability rankings

Patara, Saveena; Dhalla, Rumina

doi:10.1016/j.jclepro.2022.132960

Cited by 11 publications

(6 citation statements)

References 35 publications

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“…Equation (1) shows the correlation of ESG and its segmented factors with corporate profitability. Panel data for the period 2014-2021 is used for empirical analysis in this study based on the fixed effects model.…”

Section: Model Designmentioning

confidence: 99%

“…The fixed effects of the year and the country where the subsidiary is located are controlled. Table 3, Column (1) shows the regression of ESG on ROA among Chinese manufacturing multinationals. The results suggest that every unit increase in the ESG score of a listed company results in an increase of 0.2755 in its ROA.…”

Section: The Impact Of Esg On Corporate Profitabilitymentioning

confidence: 99%

“…One of the key indicators of responsible investment is the environmental, social and governance (ESG) concept which is assumed to be a symbol of corporate social responsibility and a high-degree legitimacy [1]. In this context, companies are more focused on gaining legitimacy through ESG to ensure their profitability rather than by implementing profitmaximizing business strategies that only consider marginal costs and marginal benefits.…”

Section: Introductionmentioning

confidence: 99%

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ESG, Cultural Distance and Corporate Profitability: Evidence from Chinese Multinationals

Liu

2023

Sustainability

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In recent years, the demand for social responsibility arising from sustainable development has led to the gradual formation of a global consensus on the concept of environmental, social and governance (ESG), which has a wide impact on corporate operations. Based on legitimacy theory, this study examines the impact of ESG on corporate profitability. In addition, it explores the effectiveness of cultural distance as a moderator in the relationship between ESG and corporate profitability. Using fixed effects and moderated effects models, this study analyses panel data of Chinese manufacturing multinationals from 2014 to 2021. The results show that ESG significantly and positively affects corporate profitability and that the impact of ESG on corporate profitability is significantly and positively moderated by cultural distance. The research results are expected to provide meaningful insights into the importance of ESG and the factors to be considered by firms in their cross-border investment decision making.

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Section: Model Designmentioning

confidence: 99%

Section: The Impact Of Esg On Corporate Profitabilitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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ESG, Cultural Distance and Corporate Profitability: Evidence from Chinese Multinationals

Liu

2023

Sustainability

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“…To maintain competitiveness and be sustainable, companies must operate according to a sustainable business model , as well as inform their stakeholders about this model (Stutz et al, 2022), in order to create a business environment that can motivate stakeholders to contribute to business value chain by collaborating with, and contributing to the business strategic plans (Newman, et al, 2017). Sustainability reports have therefore become a critical corporate performance reporting tool of economic, social and environmental dimension (Patara & Dhalla, 2022). Edmondson (1999), emphasized the importance of centered corporate climate as a prerequisite for stakeholders' mobilization, and this can only be achieved through voluntary disclosure in sustainability report which provide a variety of information about organization's structure and its relationship with stakeholders.…”

Section: Discussionmentioning

confidence: 99%

Bridging Stakeholders’ Expectations Gap: The Role of Sustainability Reporting of Listed Firms in Nigeria

Omotilewa,

Akintoye,

Adegbie

et al. 2024

EJBIR

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Studies have shown that expectation gaps among stakeholders have resulted into information asymmetry. In view of this, this study investigated the role of sustainability reporting in bridging the stakeholders’ expectation gaps in Nigeria. The study adopted cross sectional survey research design, and used online structured questionnaire to collect primary data. 150 copies of questionnaire were distributed, out of which 138 copies were returned. Data obtained from the respondent were analysed using descriptive and inferential statistics. The regression result from hypothesis one revealed that sustainability reporting practices has significant role in improving the disclosure of information regarding business activities in Nigeria (Adj. R2 =0.545; F = 58. 176; p =0.001<0.05 ), while that of hypothesis two showed that sustainability reporting practices is an effective tool for effectively bridging the gaps in stakeholder expectations within Nigerian businesses ( Adj.R2 =0.565; F = 75.112; p = 0.001 <0.05 ).The regression result from hypothesis one revealed that sustainability reporting practices has significant role in improving the disclosure of information regarding business activities in Nigeria, while that of hypothesis two showed that sustainability reporting practices is an effective tool for effectively bridging the gaps in stakeholder expectations within Nigerian businesses. Hence, the study concluded that adoption of sustainability reporting can significantly strengthen the trust of the stakeholders thereby contributing to bridge their expectation’s gap. The study recommended that corporate organizations should regard sustainability reporting as a strategic instrument for promoting transparency and accountability.

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“…To maintain competitiveness, companies must therefore not only operate according to a sustainable business model (Schaltegger et al, 2016) but also inform their stakeholders about this model (Stutz et al, 2022). Reports on sustainability reports have therefore become frequent in corporate reporting, as performance in the area of social responsibility is a key factor in determining the value of a company and its intangible assets (Patara and Dhalla, 2022).…”

Section: Introductionmentioning

confidence: 99%

Sustainability reports: Differences between developing and developed countries

Stanislavská

Pilař

Fridrich

et al. 2023

Front. Environ. Sci.

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Achieving sustainability is a major challenge faced by many societies. The increasing moral consciousness of stakeholders has put pressure on companies, forcing these companies to include long-term policies that reflect the regionally specific needs of stakeholders. Using a structural topic model, this study identified differences between developing and developed countries with respect to sustainability disclosures. Data were obtained from 2100 sustainability reports published in the United Nations Global Compact database for the year 2020. In global terms, these sustainability reports addressed three main topics: 1) human rights, 2) diversity, equity, and inclusion, and 3) sustainable production. Moreover, the sustainability reports from developing and developed countries incorporated different communication strategies. Based on the prevalence (rate of occurrence) of content, sustainability reports from developed countries predominantly communicated issues related to “sustainable production” and “supply chain emissions”, whereas sustainability reports from developing countries more frequently communicated issues related to “education” and “human rights".

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Sustainability reporting tools: Examining the merits of sustainability rankings

Cited by 11 publications

References 35 publications

ESG, Cultural Distance and Corporate Profitability: Evidence from Chinese Multinationals

ESG, Cultural Distance and Corporate Profitability: Evidence from Chinese Multinationals

Bridging Stakeholders’ Expectations Gap: The Role of Sustainability Reporting of Listed Firms in Nigeria

Sustainability reports: Differences between developing and developed countries

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