How does the <scp>E</scp>uropean <scp>G</scp>reen <scp>D</scp>eal affect the disclosure of environmental information?

García‐Sánchez, Isabel‐María; Martínez, Esther Ortiz; Marín‐Hernández, Salvador; Guzmán, Beatriz Aibar

doi:10.1002/csr.2514

Cited by 5 publications

(2 citation statements)

References 53 publications

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“…Furthermore, our sample selection methodology drew inspiration from the approaches of Aibar-Guzmán et al (2023) and García-Sánchez et al (2023) [88], who advocated for diverse geographical representation. By adopting this integrative approach, we aimed to investigate whether location-specific factors within various countries influenced climate governance disclosure practices.…”

Section: Empirical Literature Review and Hypotheses' Developmentmentioning

confidence: 99%

The Impact of Corporate Characteristics on Climate Governance Disclosure

Dilling,

Harris,

Caykoylu

2024

Sustainability

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This study examines the impact of corporate characteristics on climate change governance among 100 of the world’s largest companies, with 1400 observations in the fiscal year 2020. We consider variables such as company location, size, profitability, female board representation, years of reporting using Task Force on Climate-Related Financial Disclosures (TCFD) guidelines, the inclusion of UN Global Compact and Global Reporting Initiative (GRI) information, Dow Jones Sustainability Index (DJSI) membership, MSCI ESG ratings, and the presence of a climate transition plan, a sustainability executive, and a sustainability board committee. Applying a multi-theoretical framework, we employ correlation analysis and univariate and multiple linear regressions to assess the relationships. Our findings reveal positive correlations between climate governance and the presence of a climate transition plan, MSCI ratings, DJSI membership, and the existence of a sustainability executive. Additionally, companies located in developed countries exhibit significantly higher levels of climate change governance. These results hold across various scenarios, offering valuable insights for researchers, academics, business leaders, practitioners, and regulators. With the growing importance of climate change reporting, understanding the key contributing factors for effective climate governance is crucial for organizations seeking to address this critical issue.

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Section: Empirical Literature Review and Hypotheses' Developmentmentioning

confidence: 99%

The Impact of Corporate Characteristics on Climate Governance Disclosure

Dilling,

Harris,

Caykoylu

2024

Sustainability

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“…The governments of various countries across the globe have paved the way for the change from voluntary to mandatory CSR in the last two decades (Li et al, 2022). The effect of institutional pressures arising from the regulatory framework is gaining academic and practical interest in the current decade (García‐Sánchez et al, 2023). Directive 2014/95/EU on companies' decisions regarding the assurance of nonfinancial information statements and the quality parameters under which this service is contracted is one such example of the impact of institutional theory on corporations across the globe (García‐Sánchez et al, 2022).…”

Section: Background and Literature Reviewmentioning

confidence: 99%

Business response to mandatory corporate social responsibility with evidence from India

Kulkarni,

Aggarwal

2023

Bus Strat Dev

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There has been a lot of discussion on the shift from voluntary to mandatory corporate social responsibility (CSR) and its impacts in different countries across the globe. India is unique in this context as the reporting and expenditure of a certain amount under CSR has been mandated for companies. This article analyzes the changes and responses of Indian businesses post‐2014, when new CSR rules were enacted. The key objectives of this study are to assess the level of awareness and compliance, thematic and geographical focus areas for CSR projects, and drivers and barriers to the adoption of mandatory CSR. We performed a secondary analysis of the data from 60 companies, followed by extensive primary research through in‐person interviews and offline questionnaire responses with 100 key CSR professionals from different companies in India. A key finding from the study is that the awareness of CSR policy and the pool of CSR funds has increased. The policy mandates have been a good driver in improving transparency and reporting quality. However, there is a predominant focus on four thematic areas of education, healthcare, hunger, and poverty alleviation despite the government's efforts to expand in other areas. The geographical spread of expenditure is limited to a few key industrial states in India, limiting CSR's contribution towards national development. The study adds to the CSR literature associated with institutional and stakeholder theories by looking at the response of legally bound organizations toward society and the environment. Finally, the study provides valuable information for governments and regulatory authorities considering the mandatory implementation of CSR expenditure across the globe.

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Diversity, equity, and inclusion reporting in European Union companies: The role of female directors and the European regulatory framework

García‐Sánchez,

Marín‐Hernández,

Ortiz‐Martínez

et al. 2024

Bus Strat Env

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Equality, equity, and nondiscrimination are core human rights and prerequisites for peace, prosperity, and sustainability that require the commitment of all actors. They have received considerable attention from the European Union, leading to the development of a regulatory framework aimed at promoting gender diversity and the disclosure of information on diversity, equity, and inclusion by European companies. Considering the regulatory pressure from the institutional environment of the European Union that characterizes the period 2011–2020, this study aims to analyze the role played by female directors in promoting diversity, equity, and inclusion disclosures of 189 large European companies. Based on international guidelines and recommendations as well as European legislation, we developed a transparency score that assesses the relevance, standardization, reliability, and completeness of the diversity, equity, and inclusion information disclosed by these companies. Using a Tobit regression approach for panel data, we show that board diversity has a positive effect on the information reported by European companies, although this effect is only associated with having at least three female directors or gender‐balanced boards. Moreover, the European institutional context in force since 2014 favors corporate transparency on equality, equity, and inclusiveness practices of European companies and encourages the consideration of the views of minority female directors. The results can improve the understanding of gender equality and corporate transparency regarding diversity, equity, and inclusion decisions made by companies in light of the advent of new mandatory requirements within the EU and the extension of their scope to a wider range of companies.

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How does the European Green Deal affect the disclosure of environmental information?

Cited by 5 publications

References 53 publications

The Impact of Corporate Characteristics on Climate Governance Disclosure

The Impact of Corporate Characteristics on Climate Governance Disclosure

Business response to mandatory corporate social responsibility with evidence from India

Diversity, equity, and inclusion reporting in European Union companies: The role of female directors and the European regulatory framework

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