Business Strategy and the Environment, Год журнала: 2025, Номер unknown
Опубликована: Апрель 2, 2025
ABSTRACT As businesses increasingly integrate sustainability into corporate strategy, the role of environmental, social, and governance (ESG) disclosure in driving circular economy ( CE ) adoption has garnered significant attention. However, mechanisms through which ESG facilitates transitions remain underexplored, particularly emerging economies such as sub‐Saharan Africa (SSA). This study examines synergistic roles committees mediators eco‐innovation a moderator strengthening ESG– relationship. Using panel dataset 320 manufacturing firms SSA (2010–2022) employing advanced econometric techniques, we address potential endogeneity model biases. The findings reveal that environmental social disclosures positively influence adoption, whereas exerts negative effect due to weak regulatory frameworks compliance inconsistencies. Corporate enhance relationship by ensuring commitments translate strategic actions, while amplifies impact disclosure, accelerating implementation. Notably, observe heterogeneity effects on across regional industrial variations. robust multiple sensitivity tests, confirming their reliability. Our results underscore need for policymakers strengthen mandates enforce reporting accelerate adoption. Furthermore, recommend corporations prioritize investments structures reinforce alignment. These insights offer valuable implications business leaders, policymakers, advocates fostering resilient SSA.
Язык: Английский