Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards

Abstract

Interest is increasing in what information companies disclose regarding the social aspects of their operations. This research therefore develops an index to analyze the social disclosure of companies from various countries and geographical regions including Latin America, Europe, Africa, Asia, and the United States. Using categorical principal component analysis and partial triadic analysis, we build a numerical value for a specific social individual index by firm. Then, we analyze the extent to which this disclosure follows the Global Reporting Initiative 400 social standards, which became effective on 1 July 2018. In addition to considering geographical aspects, we also analyze social disclosure based on industry, which facilitates firms’ decision-making and policy formation in social disclosure.

Diversity and inclusion policies in publicly traded New Zealand companies: inclusion of people with intellectual disabilities

“…Given the evidence of employment of people with intellectual disabilities (Morrison et al , 2020), it is critical to develop policies to standardise related reporting standards to encourage businesses. Furthermore, such reporting can be created using globally recognised standards such as GRI (Gallego-Álvarez et al , 2019). Such policies can potentially reduce the burden on taxpayers (Dowse et al , 2019).…”

Environmental sustainability practices in the hotel industry in New Zealand

“…In the case of ES practices, it is important for stakeholders to ensure how the businesses operate without harming the environment in which it operates and to report them in an accountable manner accessible to all stakeholders. Moreover, the main reason that most companies publish their sustainability initiatives is to increase their awareness and subsequent popularity among stakeholders (Deegan, 2002; cited in Gallego-Álvarez et al. , 2019), and the Global Reporting Initiative (GRI) standards seem to have become useful for companies around the world in reporting ES practices (Gallego-Álvarez et al.…”

“…Moreover, the main reason that most companies publish their sustainability initiatives is to increase their awareness and subsequent popularity among stakeholders (Deegan, 2002; cited in Gallego-Álvarez et al. , 2019), and the Global Reporting Initiative (GRI) standards seem to have become useful for companies around the world in reporting ES practices (Gallego-Álvarez et al. , 2019).…”

“…They are, by far, the most popular among many similar organisations that have laid down standards and guidelines to report corporate sustainability initiatives, as they use critical tools to analyse various processes among practices in the businesses around the globe (GRI, 2020;KPMG, 2017). GRI standards became the most widely adhered to by global corporates as the tools and frameworks provided were internationally acclaimed (Gallego-Alvarez et al, 2019). Customer perceptions about ES encouraged ES practices globally.…”

“…Initiative (GRI) standards seem to have become useful for companies around the world in reporting ES practices (Gallego-Alvarez et al, 2019). Industries including tourism increasingly moving from linear to Circular Economy (CE) and it can be a solution to many environmental issues in tourism industry (Rodr ıguez-Ant on and Alonso- Almeida, 2019;Rodr ıguez et al, 2020).…”