Shaping a sustainable future: The impact of board gender diversity on clean energy use and the moderating role of environmental, social and governance controversies

Corporate Social Responsibility and Environmental Management, Journal Year: 2023, Volume and Issue: 30(6), P. 2731 - 2746

Published: May 4, 2023

Abstract This study investigates how gender‐diverse boards are related to the adoption of clean energy and examines whether environmental, social, governance (ESG) controversies have an impact on this link. The analyzes 2395 firm‐year observations from 13 European countries 2006 2021. Drawing gender socialization theory diversity theory, research reveals a favorable effect board company's utilization energy. It also demonstrates that ESG play significant role in moderating relationship. Furthermore, affirms critical mass by indicating companies with at least three female members exhibit greater use findings robust various methods, such as controlling for endogeneity problems, propensity score matching, sub‐sample analysis, alternative econometric models. study's implications important stakeholders, policymakers, managers. suggests having can increase energy, benefiting reputation attractiveness stakeholders. Policymakers these design policies encourage achieve environmental goals, while managers make informed decisions about composition adoption.

Language: Английский

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Breaking the glass ceiling for a sustainable future: the power of women on corporate boards in reducing ESG controversies

International Journal of Accounting and Information Management, Journal Year: 2023, Volume and Issue: 31(4), P. 623 - 646

Published: June 24, 2023

Purpose This study aims to investigate the relationship between board gender diversity and environmental, social governance (ESG) controversies determine if a critical mass of female directors has significant impact on ESG performance. Design/methodology/approach The analyzes sample non-financial companies from 13 European countries 2004 2021. primary method used reach conclusions was pooled ordinary least squares regression. Additionally, supplementary techniques such as alternative measurement, sub-sample analysis two-stage enhance its reliability. Findings results indicate that higher representation women boards is correlated with reduction in number controversies, particularly when there are three or more directors. Furthermore, may be affected by factors industry, company’s environmental Practical implications suggests increasing women’s mitigate improve firm reputation performance, especially industries high risks. Policymakers can support this through policies, targets, training inclusive practices. findings also inform investors stakeholders controversies. Originality/value expands understanding sustainable accounting finance. It focuses effect having members corporate which for shaping global policies promote boards.

Language: Английский

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Walking on the gender tightrope: Unlocking ESG potential through CEOs' dynamic capabilities and strategic board composition

Business Strategy and the Environment, Journal Year: 2023, Volume and Issue: 33(3), P. 2020 - 2039

Published: Oct. 2, 2023

Abstract This study explores the relationship between chief executive officers (CEOs) and board of directors in context environmental, social, governance (ESG) performance. Based on a multi‐theoretical approach, it examines whether dynamic CEO capabilities (DCCs) facilitate ESG performance by enabling capable CEOs to navigate complex stakeholder expectations effectively. Additionally, impact gender diversity (BGD) this is tested, given its significance for ESG‐related decision‐making. Longitudinal analysis S&P 900 manufacturing firms demonstrates that strong DCCs positively influence performance, supporting managerial upper echelons theories within institutional shareholder theory frameworks. The findings also corroborate BGD has moderating effect, initially strengthening DCC–ESG relationship, line with socialization theories. However, reveals threshold where benefits from diminish once reaches approximately 35%, providing new perspective critical mass theory.

Language: Английский

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A roadmap for triggering the convergence of global ESG disclosure standards: lessons from the IFRS foundation and stakeholder engagement

Corporate Governance, Journal Year: 2023, Volume and Issue: 23(7), P. 1648 - 1669

Published: May 29, 2023

Purpose Motivated by the growing and urgent demands for a unified set of internationally accepted, high-quality environmental, social governance (hereafter ESG) disclosure standards, this exploratory study aims to propose roadmap setting out proper technical groundwork global ESG standards. Design/methodology/approach An is conducted gain initial understanding insights into establishing worldwide standards reporting on sustainability, as topic has not been extensively studied. This examines viewpoints various stakeholders, including sustainability practitioners, academics organizations focused issues, generate knowledge that more solid than produced when one group stakeholders work alone. Findings The results revealed there an ongoing incompatible debate regarding several conceptual practical challenges Practical implications provide multidimensional regulatory parties standard-setters develop package This, in turn, enables different groups understand firm’s impact environment, society economy. Originality/value Research timely relevant issue considered appealing area deserves significant attention. Thereby, working merits remarkable Furthermore, article provides valuable informative suggestions creating accepted

Language: Английский

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Achieving sustainable business: The nexus between external sustainability assurance, CSR strategy and emission reduction

Corporate Social Responsibility and Environmental Management, Journal Year: 2023, Volume and Issue: 30(6), P. 3095 - 3109

Published: June 6, 2023

Abstract This study investigates the relationship between firm's emissions reduction initiative and external assurance of sustainability performance, as well moderating effect corporate social responsibility (CSR) strategy. The uses a sample non‐financial firms listed on STOXX Europe 600 index from 2006 to 2021. findings suggest that has positive significant impact initiative. Additionally, finds CSR strategy positively moderates sustainability. study's results have implications for managers, regulators, stakeholders, indicating auditing can enhance legitimacy reputation strong strategies effectiveness environmental initiatives. Our demonstrate resilience various econometric methods, sub‐sample analyses, propensity score matching, generalized method moments (GMM).

Language: Английский

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Advancing Sustainable Development Goal 15: The Role of Corporate Governance Structures and Environmental Regulations in Emerging Economies

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 5, 2024

ABSTRACT This study advances the literature on sustainable development, corporate governance, and environmental management by examining interplay between governance structures (GS) biodiversity disclosure (BD) in alignment with Sustainable Development Goal 15. Grounded institutional, legitimacy, stakeholder theories, we investigate how various GS influence firms' commitment to reporting sub‐Saharan Africa, while also considering moderating role of regulations. Utilizing panel data from 386 environmentally sensitive manufacturing firms 2010 2022, employ two‐step system generalized method moments (GMM) modeling, as proposed Blundell Bond addressed potential endogeneity issues through instrumental variable two‐stage least squares (IV‐2SLS), propensity score matching, lagged effect estimations. Our findings reveal that board diversity, particularly gender diversity presence foreign nationals, positively impacts BD. Additionally, structural attributes such size independence enhance BD, CEO duality negatively affects this outcome. Furthermore, a positive relationship is observed frequency meetings yet negative association exists meeting attendance. Notably, regulations not only increase but significantly These provide valuable insights for policymakers stakeholders, contributing discourse 15 advocating stronger frameworks bolster conservation stewardship emerging economies.

Language: Английский

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Environmental, social and governance-type investing: a multi-stakeholder machine learning analysis

Management Decision, Journal Year: 2025, Volume and Issue: unknown

Published: March 26, 2025

Purpose This research delves into the determinants influencing adoption of environmental, social and governance (ESG) investing through an analysis media dialogs using uses gratification theory. Design/methodology/approach study employs a mixed-methods approach, integrating sentiment analysis, topic modeling, clustering, causal loop ethnography to examine ESG-related content on media. Analyzing data, identified key themes derived ten propositions about ESG investing. Industry professionals, financial advisors investors further validated these findings expert interviews. Combining data-driven qualitative insights provides comprehensive understanding how shapes investor preferences decision-making in domain. Findings Environmental aspects, such as conservation, preservation natural resources, renewable clean energy, biodiversity, restoration eco-friendly products technologies, shape attitudes toward Social considerations, including inclusivity, diversity, justice, human rights, stakeholder engagement, transparency, community development philanthropy, significantly influence sentiments. Governance elements accountability, ethical governance, compliance, risk management, regulatory compliance responsible leadership also play pivotal role shaping opinions. Practical implications presents actionable for policymakers organizations by identifying constructs proposing integrated framework that includes mediating factors like resource efficiency engagement alongside moderating environment preferences. Policymakers should establish standardized reporting frameworks, incentivize sustainable practices use data purposes. For businesses, can enhance communication strategies accountability. These measures will foster greater strengthen relations contribute more inclusive global economy. Originality/value To authors' best knowledge, this is first investigate improving based big mined from platforms.

Language: Английский

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From words to action: unpacking the real impact of sustainability initiatives on carbon emissions reduction

Social Responsibility Journal, Journal Year: 2023, Volume and Issue: 20(3), P. 585 - 604

Published: Aug. 30, 2023

Purpose The purpose of this study is to analyze the correlation between a company’s efforts reduce carbon emissions and its actual performance. Additionally, investigates how female decision-makers may influence relationship as moderators. Design/methodology/approach This uses data set consisting 1,258 observations from companies listed on STOXX Europe 600 index 2009 2021. applies ordinary least squares technique investigate connection reduction initiatives performance, taking into account potential impact board executive gender diversity. To ensure reliability findings, subsample analysis two-step generalized method moments were used. Findings results show significant negative association firm’s commitment environmental emission intensity. Furthermore, explores moderating effect diversity finds that has emissions. Practical implications practical for corporate sustainability efforts. It highlights importance implementing effectively mitigate emphasizes need sustainable business strategies prioritize initiatives. underscores positive in leadership positions Policymakers organizations can leverage these findings promote enhance practices. Social provides evidence-based insights policymakers develop specific policies action plans priority areas such climate change reduction. also initiatives, promoting inclusivity equality Originality/value brings originality by investigating direct relationship. neo-institutional theory interplay positions.

Language: Английский

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Do emissions reduction initiatives improve financial performance? Empirical analysis of moderating factors

International Journal of Accounting and Information Management, Journal Year: 2023, Volume and Issue: 32(2), P. 228 - 257

Published: Nov. 22, 2023

Purpose This study aims to examine the relationship between carbon reduction initiatives and financial performance. Additionally, it explores potential moderating variables, such as corporate social responsible (CSR) strategy governance practices, that may strengthen link Design/methodology/approach The empirical analysis is conducted using 1,740 firm-year observations from UK firms listed on FTSE 350. Data emissions firm-specific characteristics are obtained Refinitiv Eikon database for period 2011–2020. Various econometric techniques, including ordinary least squares system generalized method of moments, used alternative samples further explore this relationship. Findings author observes a significantly positive association performance in study. significance found be present specifically after announcement Paris Agreement. Furthermore, channel reveals factors like CSR quality influence Practical implications underscores importance sustainable business growth Managers can use these insights prioritize investments practices. Policymakers should consider implementing supportive regulations incentivize companies adopt strategies. Originality/value adds value existing body literature by empirically examining role best practices findings contribute deeper understanding how interact outcomes.

Language: Английский

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Breaking the e-waste stigma: how corporate gender diversity drives sustainable change in the UK

Journal of Global Responsibility, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 16, 2024

Purpose This study aims to investigate the relationship between female leaders at board and executive levels e-waste reduction in firms listed on FTSE All-Share Index. Design/methodology/approach The uses a sample of nonfinancial Index 2004 2021, comprising 2,523 firm observations. primary technique used is ordinary least squares, with subsample analysis two-stage squares method address endogeneity concerns. Findings suggests that presence directors executives can bring more comprehensive diverse approach management, which contribute improved initiatives. However, also highlights impact leadership may vary based factors such as size industry’s carbon footprint. Practical implications practical this research have noteworthy for companies policymakers alike. By placing importance gender diversity, reap benefits perspectives approaches when addressing environmental challenges. Policymakers, other hand, positive outcomes by advocating diversity corporate leadership. Originality/value novelty stems from its discovery having leads broader varied managing e-waste, ultimately enhancing efforts reduce it. underscores significance advancing sustainable practices within organizations. distinct viewpoints experiences women offer tackling issues sphere.

Language: Английский

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