Mitigating the environmental and social footprint of brownfields: The case for a peripheral CSR approach

Balen, Mitchell van; Haezendonck, Elvira; Verbeke, Alain

doi:10.1016/j.emj.2021.04.006

Cited by 10 publications

(7 citation statements)

References 48 publications

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“…As the energy firms initially faced a positive effect of adoption of CSPR on CFP. Due to the negative externalities of the energy firms, they proactively adopt the CSPR to mitigate it (Van Balen et al, 2021). The adoption of CSPR works as a signal for effective communication to the different stakeholders.…”

Section: Curvilinear Relationship Between Cspr and Cfpmentioning

confidence: 99%

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

2022

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The purpose of this study is to theoretically and empirically extend the debate of the curvilinear linkage between corporate sustainability performance and its reporting practices (CSPR) and corporate financial performance (CFP) over its linearity assumption. The study focused on the financial and non‐financial metrics of the top global energy firms from 2006 to 2018 to accomplish this objective. It employed an estimated generalized least square method on the balanced panel of 3211 firm‐year observations. The findings assert the existence of a curvilinear relationship by spurning the linearity assumption. Further, results revealed a significant inverted U‐shaped relationship between CSPR and CFP. In addition to this, the investigation reveals that this relationship exists with the environmental and social attributes of CSPR. While the governance attribute was initially insignificant, however, it also exhibits a significant inverted‐U relationship after interacting with earnings. As a result, it adds to the existing literature by identifying earnings as a significant moderator in explaining the curvilinear relationship between CSPR and CFP. The inverted U‐shaped relationship may assist top management in developing a sustainable social and environmental policy based on a reactive strategy and help in formulating strategies to balance the value‐cost trade‐off for sustainable development.

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Section: Curvilinear Relationship Between Cspr and Cfpmentioning

confidence: 99%

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

2022

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“…In the study of Illinois' voluntary brownfield program, Linn (2013) found that state remediation certification increased the value of properties within a 0.25 mile radius. Brownfield redevelopment does not only have environmental and economic impacts but also social and cultural impacts as reported by researchers Stoilkov-Koneski (2015) and van Balen et al (2021). It is evident, from previous research, that brownfields and brownfield redevelopment have been beneficial in many ways in the West due to their advantages (Adams et al, 2010).…”

Section: Introductionmentioning

confidence: 80%

Defining the term “Brownfield” in India

Verma,

Banerji

2023

Remediation Journal

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Brownfields are viewed as an opportunity for sustainable development. Researchers across the world have argued about the benefits of brownfield redevelopment. However, India is still in the initial stages of defining brownfields, as no attempts have ever been made by researchers to define it and no definition is available for it in the Indian context. The main objective of this study is to derive a definition for a brownfield and fill the gap. We used the Delphi technique involving a panel of experts from relevant fields posted in governmental agencies and organizations. A list of eight keywords, derived from the definition of brownfields from various countries, and two keywords recommended by experts were rated in multiple rounds. Statistical validation for the responses was established using gray relational analysis and relative to identified distribution (RIDIT) analysis. A significant finding of this study is the importance given by the Indian experts to the “condition of the land” while attempting to define a brownfield. With a proposed definition “previously used, derelict, or polluted land is identified as a brownfield,” this research represents an attempt to provide further avenues for research on brownfields for sustainable cities in India.

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“…Companies may be able to secure sufficient legitimacy by accommodating at least certain stakeholder groups through strategic trade-offs among CSR aspects [27]. Fundamental CSR initiatives could include moving valuable workers who are expertise bearers and rewarding local stakeholders to retain the firm's credibility as a trustworthy contracting partner that "keeps its word" in the company's core business [28].…”

Section: The Urgency Of Social and Environmental Obligations For Comp...mentioning

confidence: 99%

Corporate social and environmental responsibility of companies in the natural resources business industry: An Indonesian juridical perspective

Murjiyanto

Andani

Wibawanti

et al. 2023

IOP Conf. Ser.: Earth Environ. Sci.

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This study aims to analyze the problems regarding the social and environmental responsibility (CSR) of natural resource companies, as clearly regulated in Law Number 40 of 2007 concerning Limited Liability Companies. The law requires every company to conduct CSR. However, the obligation needs to be followed by a clear arrangement of sanctions given to companies that do not carry out their CSR obligations. Therefore, this study will analyze the urgency of CSR for companies in the field of natural resources and the sanctions that should be imposed on companies that do not carry out mandatory CSR. This research was conducted using a normative method by reviewing regulations per related laws or other documents related to the company’s social and environmental obligations. The results of this present study may provide recommendations to the regulatory bodies in Indonesia that it is necessary to have clear arrangements regarding the imposition of sanctions for companies that do not carry out their CSR.

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Mitigating the environmental and social footprint of brownfields: The case for a peripheral CSR approach

Cited by 10 publications

References 48 publications

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

Defining the term “Brownfield” in India

Corporate social and environmental responsibility of companies in the natural resources business industry: An Indonesian juridical perspective

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