What companies do not disclose about their environmental policy and what institutional pressures may do to respect

Abstract

The information contained in corporate social responsibility (CSR) reports is a controversial issue, and it has generated an important debate among academics regarding company disclosure strategies. Environmental matters are especially relevant given their impact on sustainable development. The present study has two objectives. The first is to determine which Global Reporting Initiative (GRI) environmental indicators are reported less frequently. The second is to predict the evolution of these indicators in light of the institutional pressures that companies try to resist. Specifically, the study of the environmental dimension of the GRI focusses on an analysis of the following: materials, energy, water, biodiversity, emissions, effluents and waste, products and services, compliance, transport, environmental assessment, and environmental grievance mechanisms. A content analysis of CSR reports from some of the world's largest companies reveals that the indicators least disclosed by companies relate to the environmental aspects of biodiversity. The dissemination of environmental indicators is influenced by normative, mimetic, and (to a lesser extent) coercive pressures. In addition, we observe that mimetic institutional pressures under a national and industrial vision influence the dissemination of environmental information. In terms of cultural dimensions, companies located in long-term, feminine, and collectivist countries tend to disseminate environmental information accordingly.

CEO characteristics and environmental disclosure of listed firms in an emerging economy: Does sustainability reporting format matter?

“…However, there is little information on the sustainability report format and CEO concerning environmental disclosure. The CEO's influence is needed when stakeholder and institutional theory seek to reduce information asymmetry problems (Romito & Vurro, 2020) on environmental performance and disclosure (Cubilla‐Montilla et al, 2020). Therefore, this study examines CEO characteristics, choice of sustainability reporting format, and environmental disclosures of listed firms in India, using institutional and stakeholder theory to interpret the relationships.…”

What environmental social responsibility practices do large companies manage for sustainable development?

“…These results are consistent with Dias, Rodrigues, Craig, and Neves (2019) who evidenced that the CSR disclosure practices do not differ significantly due to the sizes of the company. In concretely, we found that the environmental categories reported more frequently by large companies are emissions (65.54%) and energy (65.25%), coinciding with Cubilla‐Montilla, Galindo‐Villardón, Nieto‐Librero, Vicente Galindo, and García‐Sánchez (2020), Faisal, Andiningtyas, Achmad, Haryanto, and Meiranto (2018), and Gallego‐Alvarez, Ortas, Vicente‐Villardón, and Álvarez Etxeberria (2017); on the contrary, the categories reported less frequently are environmental grievance mechanisms (30.00%) and biodiversity (24.69%), outcome which is in line with Ahmad and Hossain (2015). Likewise, MNEs applied more frequently the categories: emissions (69.08%) and energy (65.67%), as reported Comyns (2016) and Sotorrío and Sánchez (2010); distinctly the categories reported less frequently are environmental grievance mechanisms (28.36%) and biodiversity (30.22%).…”

The Public Administration Effectiveness in the Field of Environmental Safety on the Example of Industrial Regions of the Russian Federation

“…Because only the effective interaction of state institutions and corporations that have a huge impact on the quality of the environment can ensure environmental safety. This topic has been raised in the works of authors such as: «What companies do not disclose about their environmental policy and what institutional pressures may do to respect» Mitzi Isabel Cubill-Montilla, Purificación Galind-Villardón, Ana Belén Nieto-Librero, María Purificación Vicente Galindo,Isabel María García-Sánchez [4]; «The role of business strategy and CEO compensation structure in driving corporate social responsibility: Linkage towards a sustainable development perspective» Chih-Wei Peng [5]; «Does environmental regulation policy help improve green production performance? Evidence from China's industry» Chao Wang, Yue-Jun Zhang [6]; «Nexus of institutional pressures, environmentally friendly business strategies, and environmental performance» Abdul Majid Muhammad Yasir Muhammad Yasir Asad Javed [7]; «A holistic approach to manage environmental quality by using the Kano model and social cognitive theory» Elina Dace, Agnis Stibe, Lelde Timma [8]; «Green Human Resource Management and Employee Green Behavior: An Empirical Analysis» Richa Chaudhary [9].…”