Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?

García‐Sánchez, Isabel‐María; Ariza, Lázaro Rodríguez; Guzmán, Beatriz Aibar; Aibar‐Guzmán, Cristina

doi:10.1002/bse.2485

Cited by 157 publications

(138 citation statements)

References 79 publications

(173 reference statements)

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“…The choice to use the SDG Compass as a proxy for SDG orientation followed the methodological approach adopted in prior studies about non‐financial reporting (García‐Sánchez, Aibar‐Guzmán, et al, 2020; García‐Sánchez, Rodríguez‐Ariza, Aibar‐Guzmán, & Aibar‐Guzmán, 2020; Tsalis et al, 2020). The proposed methodological approach allows us to evaluate the SRS as a percentage, illustrating the relationship between the number of indicators disclosed by a firm and the total amount of indicators required for full adherence to the guidelines.…”

Section: Methodsmentioning

confidence: 99%

The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score

2020

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Within the 2030 Agenda, the United Nations have explicitly required that the Member States introduce within their jurisdictions new forms of regulations about non‐financial reporting practices. The aim of this paper is to investigate the effects related to the transposition of Directive 2014/95/EU by analyzing firm‐level, governance‐level, and report‐level determinants of business reporting on the Sustainable Development Goals (SDGs). To conduct such an analysis, this study defines and introduces the SDG Reporting Score (SRS)—a qualitative proxy representing a firm orientation toward SDG reporting. The study sample includes the non‐financial reports of 153 Italian Public Interest Entities. The results show a positive relationship between a firm's SRS and various determinants, such as the presence of independent directors on the board, expertise with non‐financial reporting, and length of the report. Finally, the highest levels of SRS are achieved by firms operating in environmental sensitive sectors.

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Section: Methodsmentioning

confidence: 99%

The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score

2020

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“…Business's contributions to achieving the SDGs have been already recognized in prior literature (Garcia-Sanchez et al, 2020;Haffar & Searcy, 2018;Sullivan et al, 2018;Wicki & Hansen, 2019). Although the importance of organizations of every size and in every industry to the goals' achievement is acknowledged (UN, 2015), Sachs (2012) has argued that multinational corporations provide "worldwide reach, cutting-edge technologies, and massive capacity to reach large-scale solutions, which are all essential to success" in sustainable development.…”

Section: Towards the Sustainable Development: From The Millennium Dmentioning

confidence: 99%

“…Further, Stewart et al (2018) have highlighted that Goal 12—ensure sustainable consumption and production patterns—“puts renewed attention to the role of business in sustainable development” (p. 1751). Although the business contribution to achieving the SDGs is unquestionable (Garcia‐Sanchez, Rodriguez‐Ariza, Aibar‐Guzmàn, & Aibar‐Guzmàn, 2020; Sullivan, Thomas, & Rosano, 2018), research is still needed to understand the role of organizations in tackling sustainable development based on the SDG framework and their role as sustainable development agents (Haffar & Searcy, 2018; Wicki & Hansen, 2019). The SDG framework allows companies to follow a global system of (nonquantitative) targets, thus requiring research to determine which business practices align with an SDG‐based approach to sustainable development (Haffar & Searcy, 2018).…”

Section: Introductionmentioning

confidence: 99%

Sustainable development goals and the strategic role of business: A systematic literature review

2020

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The United Nations' Sustainable Development Goals (SDGs) are an urgent call for action by all countries that provide a global framework for achieving global development while balancing social, economic, and environmental sustainability. SDGs are addressed to all actors in society, but both academia and professional recognize the particular importance of businesses. However, research is still needed to understand the role of companies as sustainable development agents. Relying on Scopus database consultation, the current research adopts an interdisciplinary systematic literature review to investigate, analyze, and present state-of-the-art academic literature on the role of businesses in tackling SDGs. The final sample comprises 101 papers published between 2015 and 2020. It provides evidence that the main topics discussed by scholars are related to aspects of strategy execution. Recognizing different streams that are currently unexplored-despite strictly related to strategic business activities and to the sustainable development as a whole-the study provides many insights for future research on business and SDGs.

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“…Business commitment to the SDGs is explained by the foundations of legitimacy theory, which suggests that companies are part of a broader social system and seek to ensure that their values and norms are congruent with those of the societies in which they operate [2]. The different entities must demonstrate legitimacy and have the approval of society to guarantee their survival [3], with non-financial 2 of 25 corporate reports-integrated reports or sustainability reports-being the instruments used for this purpose [4].…”

Section: Introductionmentioning

confidence: 99%

Communication Strategies for the 2030 Agenda Commitments: A Multivariate Approach

2020

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Companies are fully aware of the importance of including the Sustainable Development Goals (SDGs) in their corporate social responsibility (CSR) strategies, and of the importance of ensuring that the information disclosed allows groups to be identified. The business contribution to the 2030 Agenda is of interest, as it entails an accurate representation of company identity and is congruent with its contribution to the 2030 Agenda. For it, a content analysis of the business communication of 69 Spanish companies with their stakeholders was carried out in order to identify the possible existence of impression management practices. The evidence obtained indicates that although certain companies have adopted strategies to legitimise their contribution through self-promoting information or terms that allow diverting attention from irresponsible behaviour, companies that show a commitment to the 2030 Agenda do not make use of the information disclosed to manage stakeholder perceptions. Theoretically, our research contributes to increasing current knowledge about corporate communication strategies related to non-financial information, and identifying strategies to legitimise and manage impressions in the information related to the SDGs initiatives.

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Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?

Cited by 157 publications

References 79 publications

The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score

The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score

Sustainable development goals and the strategic role of business: A systematic literature review

Communication Strategies for the 2030 Agenda Commitments: A Multivariate Approach

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