“…However, to test this relation we take into account the aforementioned other possible determinants of higher levels of SDGs’ disclosure. Therefore, we consider the characteristics of the board (Chen & Huang, 2023; Cheng, 2023; Pizzi et al, 2021; Rosati & Faria, 2019b), the adoption of sustainability standards guidelines (Pizzi et al, 2021; Rajic et al, 2022), reactiveness to environmental changes (Rajic et al, 2022), the industry (Poddar et al, 2019; Rajic et al, 2022) and control variables such as the size of the company and its profitability (Michelon et al, 2015; Michelon & Parbonetti, 2012; Pizzi et al, 2021). Moreover, we do not simply hypothesize only a direct relationship between social inclusion and SDGs disclosure, but considering that “governance is determinant to implement actions related to the SDGs and foster the collaboration between stakeholders in the achievement of the SDGs (Scharlemann et al, 2020)” (Diaz‐Sarachaga (2021a): 1321) we hypothesize the mediating role of social inclusion in fostering board achievement of better level of SDG disclosure (see Figure 1).…”