Corporate Social Responsibility: The Link Between Sustainability Disclosure and Sustainability Performance

Abstract

This paper explores the relation between sustainability performance and sustainability disclosure within the Australian extractive industries. The study utilizes Ullmann's (1985) stakeholder framework, which depicts sustainability disclosure and performance as two components of management strategy for dealing with stakeholder demands. Consistent with this framework, we predict a positive performance-disclosure relation. Extending prior research that has utilized problematic environmental performance indices such as CEP indices or toxic emissions levels, we develop a sustainability performance index based on the International Finance Corporation's Measuring Sustainability Framework (2001). Using data from 339 mining and energy firms listed on the Australian Securities Exchange in 2006, we find that corporate sustainability performance is strongly associated with disclosure as expected. Sustainability disclosure is also greater for firms with a proactive communication strategy as manifested through press release activity. Finally, asset age and firm size are both positively associated with sustainability, consistent with predictions from the stakeholder framework.

The Impact of Supervisory Board Composition on CSR Reporting. Evidence from the German Two-Tier System

“…The regression results show a strong positive but non-significant effect of FORMER on CSRDS. Former managers on the supervisory board should not have any influence on CSRDS with respect to German companies, which is in line with prior research (e.g., [3,36,37,49,63,[74][75][76][77]]) but does not support H 3 . The positive direction is also in accord with previous research [36,45].…”

“…Second, rankings of national CSR performance (e.g., [62]) that arrived at similar ranking results with regard to certain companies were considered. The latter procedure could be assumed to be broadly applicable because sustainability disclosure is the illustration of CSR performance [63]. Third, similarly to prior voluntary disclosure score [12] or other CSRDS studies [64], we used Cronbach's coefficient alpha [65] to evaluate the internal consistency of our dependent variable.…”

Sustainability Risk Disclosure Practices of Listed Companies in Australia

“…; Herbohn et al. ). Larger firms are also assumed to have better economies of scale and more leverage with the media, which reduces the cost and increases the distribution of reporting (Ho and Taylor ).…”

The Effect of Good Corporate Governance and Environmental Performance on Financial Performance of the Proper Listed Company on Indonesia Stock Exchange

“…Good environmental performance shows that the companies has a good business ethics as well as contributes to sustainable development (Herbohn et al, 2014). The companies that take responsibility for the environment would obtain a positive image in the eyes of the public, including consumers and investors so that investment and consumption in the company increase.…”