Sustainable Development Goals (SDGs) as a Framework for Corporate Social Responsibility (CSR)

Sustainability, Journal Year: 2022, Volume and Issue: 14(3), P. 1222 - 1222

Published: Jan. 21, 2022

Corporate Social Responsibility (CSR) has been an articulated practice for over 7 decades. Still, most corporations lack integrated framework to develop a strategic, balanced, and effective approach achieving excellence in CSR. Considering the world’s critical situation during COVID-19 pandemic, such is even more crucial now. We suggest subsuming CRS categories under Sustainable Development Goals (SDGs) be used that they subsume CSR since SDGs are comprehensive agenda designed whole planet. This study presents new drivers model novel model. Then, it highlights advantages of integrating framework. The proposed benefits from both SDGs, addresses current future needs, offers better roadmap with measurable outcomes.

Language: Английский

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Organizations' engagement with sustainable development goals: Fromcherry‐pickingto SDG‐washing?

Corporate Social Responsibility and Environmental Management, Journal Year: 2021, Volume and Issue: 29(2), P. 316 - 328

Published: Aug. 23, 2021

Abstract This article analyzes the organizational engagement with United Nations sustainable development goals (SDGs), an initiative for corporate social responsibility also referred to as 2030 Agenda. Engagement SDGs by organizations all around world, whatever their sector and size, has attracted a lot of media interest heightened expectations. Nevertheless, there is lack empirical work that sheds light on commitment this at level. In order fill gap, examines characteristics 1370 from 97 countries, taking data sustainability reports. The study looks how why engage SDGs, well priority they assign them. findings point superficial vast majority organizations, which suggests process “SDG‐washing”. Implications managers, public policy makers other stakeholders are analyzed.

Language: Английский

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Voluntary disclosure of Sustainable Development Goals in mandatory non‐financial reports: The moderating role of cultural dimension

Journal of International Financial Management and Accounting, Journal Year: 2021, Volume and Issue: 33(1), P. 83 - 106

Published: Aug. 16, 2021

Abstract The Directive 2014/95/EU represents one of the main innovations introduced by European Commission to encourage large companies disclose their contribution sustainable development. Since its introduction, has put into motion an intense debate about effectiveness. Academics and policymakers agreed on need rethink mandatory non‐financial reporting enhance 2030 Agenda. In fact, despite a quantitative increase in overall number reports published yearly Europe, only limited explicitly information SDGs. this sense, disclosure SDGs is driven factors related institutional organizational dynamics. Building sample 873 Public Interest Entities, empirical analysis was conducted fill theoretical gap enabling role covered cultural SDG reporting. revealed that operating contexts characterized long‐term orientation adequate degree balance between indulgence restraints are more oriented contributions Our insights underlined consider dimensions policymaking standard‐setting voluntarily

Language: Английский

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Exploring sustainable development goals reporting practices: From symbolic to substantive approaches—Evidence from the energy sector

Corporate Social Responsibility and Environmental Management, Journal Year: 2022, Volume and Issue: 29(5), P. 1799 - 1815

Published: June 10, 2022

Abstract Based on the legitimacy theory, study enhances understanding of disclosure practices European companies operating in energy sector regarding adherence to Sustainable Development Goals (SDGs). Toward this end, analyses how SDGs reporting is evolving and what are most addressed context companies. The paper's ultimate contribution dive deep into such disclose their contributions determine whether they adopt a substantive or merely symbolic approach corporate legitimacy. To address research objectives, content analysis has been performed non‐financial reports published by sample 15 included Global Reporting Initiative database as reporters for period 2017–2019. Our findings suggest that while becoming an integral part disclosure, rather than substantial changes appear prevail, calling actions from legislators policy‐makers.

Language: Английский

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Sustainable development goal reporting: Contrasting effects of institutional and organisational factors

Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 411, P. 137339 - 137339

Published: April 27, 2023

Businesses are increasingly expected to disclose their progress towards sustainable development via engagement with the United Nations Sustainable Development Goals. Although there is increasing trend disclosure, corporate reporting on Goals varies in content and quality, posing a challenge assess improve quality of disclosure. To understand variation Goal it essential examine significant factors influencing reporting. Accordingly, this research aims investigate key drivers The study undertakes analysis sustainability reports from leading Australian companies conducts multinomial logistic regression provide evidence Using institutional theory agency theory, set hypothesised relationships between disclosures determinants disclosure developed. finds that practices developing driven by external organisational characteristics. concludes need for more robust measurement framework can support align business strategies goals. This makes several contributions literature providing empirical specific attributes disclosure; insights into potential motives reporting; unique index will be useful academics practitioners interested assessing ranking disclosures.

Language: Английский

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From financial reporting to ESG reporting: a bibliometric analysis of the evolution in corporate sustainability disclosures

Environment Development and Sustainability, Journal Year: 2023, Volume and Issue: 26(6), P. 13769 - 13805

Published: May 15, 2023

Language: Английский

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Does SDG disclosure reflect corporate underlying sustainability performance? Evidence from UN Global Compact participants

Journal of International Financial Management and Accounting, Journal Year: 2023, Volume and Issue: 35(1), P. 214 - 260

Published: Nov. 3, 2023

Abstract The 2030 United Nations (UN) Agenda for Sustainable Development has posed unprecedented challenges to businesses integrate Goals (SDGs) concerns into their core operations and strategies improve transparency on SDG commitment toward investors other stakeholders. However, prior studies have questioned the significance of firms' disclosure practices, evidencing inadequacy. Nevertheless, despite burgeoning literature, extent which effectively reflects corporate sustainability performance is still unclear. Accordingly, using data from a large panel set comprising 635 companies 45 world countries 8 industry sectors over period 2016–2020, this study investigates relationship between environmental, social governance (ESG) sustainable development goals disclosure. Voluntary been measured index based each company's response uniform well‐designed communication progress (CoP) questionnaire drafted annually by business participants in Global Compact (UNGC). Several Tobit regressions estimated examine whether level retrieved CoPs underlying total individual ESG scores provided Refinitiv Eikon database. study's findings provide robust empirical evidence that positively affects disclosure, especially through environmental channels. Therefore, line with voluntary theory's arguments, highlights superior performers more prove high distinguish themselves eyes

Language: Английский

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The role of business and management in driving the sustainable development goals (SDGs): Current insights and future directions from a systematic review

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(5), P. 4493 - 4529

Published: Feb. 15, 2024

Abstract The pursuit of sustainable development goals (SDGs) extends beyond governmental responsibility, demanding active engagement from businesses and managers. This study systematically reviews SDG‐related research within the fields business management to elucidate their roles in advancing this global agenda. By analyzing a corpus pertinent studies Scopus Web Science through bibliometric–content analysis, not only identifies publication trends, prominent contributors, theories, contexts, methods but also uncovers evolving managers driving SDGs. main themes emerging analysis include (1) forging partnerships, practices, policies, reflecting businesses' role stakeholder collaboration policymaking; (2) addressing contemporary sustainability challenges like artificial intelligence dynamics economies; (3) balancing economic advancement with environmental sustainability, highlighting impact on ecological footprints importance green finance; (4) integrating financial considerations responsibility; (5) promoting equity well‐being, underscoring influence societal welfare; (6) shaping governance frameworks for production consumption. These collectively paint comprehensive picture how practices are crucial achieving SDGs, offering insights into current contributions, charting potential pathways future implementation.

Language: Английский

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Evaluating MNEs’ role in implementing the UN Sustainable Development Goals: The importance of innovative partnerships

International Business Review, Journal Year: 2024, Volume and Issue: 33(3), P. 102259 - 102259

Published: Feb. 9, 2024

Language: Английский

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Mapping the Literature Trends of Corporate Social Responsibility and Cost of Capital: A Systematic Literature Review

Corporate Social Responsibility and Environmental Management, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 23, 2025

ABSTRACT Corporate social responsibility (CSR) has emerged as a strategic framework for enhancing corporate reputation, mitigating financial risks and improving access to capital. However, empirical evidence on its implications remains inconsistent, highlighting notable gaps in understanding the relationship between CSR practices cost of capital (COC). This systematic literature review (SLR) analyses 104 Scopus‐indexed studies published 2010 2023 examine this relationship. The findings suggest that initiatives contribute improved performance, enhance firm reduce costs. Proactive strategies not only align with ethical imperatives but also deliver long‐term value by fostering stakeholder confidence financing risks. emphasises critical role CSR, particularly environmental compliance, an integral component strategy risk management. It provides investment efficiency lower costs, offering refined perspective their significance. Moreover, it paves way future research global reporting standards evaluation methods. These insights are highly relevant policymakers, regulators, investors, creditors, practitioners aiming integrate sustainability economic goals while reducing COC.

Language: Английский

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