“More than words”: Expanding the taxonomy of greenwashing after the Volkswagen scandal

Siano, Alfonso; Vollero, Agostino; Conte, Francesca; Amabile, Sara

doi:10.1016/j.jbusres.2016.11.002

Cited by 361 publications

(306 citation statements)

References 56 publications

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“…This lack of trust arises first of all from the tendency of managers to disclose activities in progress and their claimed results [5,6], as well as the phenomenon of greenwashing. The latter, defined as the gap between the results obtained and the results presented [7], in reference to environmental policies in particular, appears to be able to alter market conditions and consumer preferences as a result of the opportunistic behavior displayed by companies [8]. In this regard, it is therefore possible to assess the effectiveness of the information disclosed with reference to the quality of information [9].…”

Section: Literature Reviewmentioning

confidence: 99%

Directive 2014/95/EU: Are Italian Companies Already Compliant?

et al. 2017

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According to Directive 2014/95/EU on disclosure of non-financial information from 2017 onwards, large companies (exceeding 500 employees) headquartered in Member States will be required to provide a series of social, environmental, and governance statements. The Directive was transposed into Italian law by Legislative Decree 254 of 30 December 2016.The aim of this paper is to evaluate the information gap for Italian companies and, consequently, the adjustments required by the new Directive on non-financial information. In order to analyze the level of non-financial and diversity disclosure, we created an assessment model called "Non-financial information score", which records the required information as a percentage. We apply it to a sample of 223 large companies. The results (with an average NFI score of about 49%) show that, in spite of what has previously emerged in the European debate about the application of the Directive on the part of large companies, an information gap remains, although the implementation of the directive should help to fill it in the coming years. In this sense, the potential contribution of the EU directive to non-financial disclosure in Italy appears to be greater than we had expected. Thus, in accordance with the literature, this paper appears to confirm the role of regulation in improving the quality of disclosure of non-financial information.

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Section: Literature Reviewmentioning

confidence: 99%

Directive 2014/95/EU: Are Italian Companies Already Compliant?

et al. 2017

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“…Additionally, technology advances provide further relevant results as suggested by Dijkema et al [11] or Heiskala, Jokinen and Tinnilä [12]. Possible restrictions and problems include feared resource depletion and greenwashing [13][14][15][16]. For transportation, the global main transport modes road, rail, air and sea are challenged with sustainability concerns [17][18][19][20].…”

Section: Introductionmentioning

confidence: 99%

How to Achieve Supply Chain Sustainability Efficiently? Taming the Triple Bottom Line Split Business Cycle

Klumpp

2018

Sustainability

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For sustainable supply chains, specific concepts regarding how to efficiently improve sustainability are needed in a global comprehensive triple bottom line (TBL) approach, especially for forwarders as central actors in supply chain design. Such specific advice is provided by reporting empirical DEA Malmquist index findings from seven large European forwarders regarding a TBL sustainability analysis from 2006 to 2016. A major obstacle in improving sustainability consists in the newly discovered fact that with the business cycle, the three TBL areas of economic, ecologic and social objectives for logistics are undergoing different up-and down-ward trends, making it very hard to improve all three simultaneously. Additional factors are identified in the characteristics of size and government influence regarding the sustainability efficiency of forwarders. This has important impacts on supply chain design like e.g., with selection criteria.

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“…On the other hand, there is a growing political and academic interest in the use of information as a quasi-regulatory mechanism and its relation to organizational reputation [3][4][5], with the recent case of Volkswagen being a prominent one [6]. In this context, companies must be prepared to increase their reporting of non-financial information and to manage the impact of this information provision on their reputation.…”

Section: Introductionmentioning

confidence: 99%

Managing Reputational Risk through Environmental Management and Reporting: An Options Theory Approach

et al. 2017

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Abstract:Reputation is a complex and multidimensional concept that may be organized in downside and upside reputational risk. In this article, we present a formal modelling for the management capabilities of environmental management and reporting over reputational risk, considering that reputational risk is becoming increasingly important for organizations and it directly depends on the information available about companies' environmental performances. As long as the effectiveness of communication and disclosure plays a key role in the process, the usefulness of environmental management and reporting as a hedging instrument for reputational risk is addressed through different levels of information transparency. When considering a scenario of voluntary reporting, we show that environmentally concerned companies can reduce the cost of environmental management as a reputational risk strategy, as well as reducing the potential loss of reputational value from reputational threats and increasing the potential profit from reputational opportunities. In the context of mandatory reporting, we highlight the role of assurance companies as bearers of the risk of bad reputations for non-concerned companies. As a result, this novel approach applies theoretical oriented research from options theory to reputational risk management literature, so that it benefits from the option's well known theory, robustness, and conclusions.

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“More than words”: Expanding the taxonomy of greenwashing after the Volkswagen scandal

Cited by 361 publications

References 56 publications

Directive 2014/95/EU: Are Italian Companies Already Compliant?

Directive 2014/95/EU: Are Italian Companies Already Compliant?

How to Achieve Supply Chain Sustainability Efficiently? Taming the Triple Bottom Line Split Business Cycle

Managing Reputational Risk through Environmental Management and Reporting: An Options Theory Approach

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