Corporate Social Responsibility and Environmental Management最新文献

Sustainable Practices in Tourism Development are often beneficial to local economies, but they often present significant environmental challenges. This research evaluates the effects of sustainable tourism methods applied in Guangzhou city on the local economy and the natural environment at the same time. The research involves estimates of economic impacts, including job creation, income generation, and business gain, alongside estimates of environmental outcomes such as biodiversity, waste, and environmental protection. The mixed-methods study used qualitative data from a sample of 30 individuals and quantitative data from a sample of 362 individuals. The study data were collected from tourism industry stakeholders, tourists visiting Guangzhou, environmental experts, and local community members. The study represents a novelty in the connection between the sustainable development of tourism and the empowerment and well-being of the community to be gained. The findings indicate that sustainable tourism practices can offer economic growth for local communities. This would include the increase in availability and uptake of ecologically friendly travel options, including environmentally friendly renewable energy, waste systems, electric shuttle buses, and ecologically sustainable accommodation options offered by local businesses. It has increased local economic and community activity and job availability. Empowerment allows for the development of cultural heritage visions and for stewardship of the environment. If sustainable tourism practices are ingrained into the way of development in tourism, then they would have a big increase in the positive impacts that tourism development has on ecosystems, culture, and livelihoods. The focus of the study will expand understanding of how sustainability practices in tourism can be embedded and maximize the benefits of tourism development in increasing opportunities for the capacity of local economies and ecosystems. The theme of inclusion of sustainable practices in tourism development is vital to enriching the local community, which involves the opportunity for jobs.

This study investigates the impact of Environmental, Social, and Governance (ESG) initiatives on corporate default risk, utilizing a panel dataset of non-financial firms across 20 European countries from 2008 to 2022. While previous research has predominantly explored the relationship between ESG practices and firm value, the link between ESG dimensions and corporate risk remains underexamined. Using the Generalized Method of Moments (GMM) approach, our findings reveal a statistically significant negative relationship between ESG initiatives and default risk, particularly in industries with low environmental impact. We also uncover a novel non-linear relationship between financial transparency, a key component of governance, and default risk, where moderate levels of transparency minimize insolvency risk. The study provides new empirical insights, highlighting the importance of ESG initiatives in corporate risk management, particularly in enhancing access to capital and fostering long-term financial stability. Additionally, the research carries key policy implications for regulators, investors, and corporate managers, emphasizing the importance of robust sustainability frameworks and transparent governance practices.

Corporate social responsibility (CSR) is a strategic tool for engaging stakeholders and signaling a firm's values. However, CSR decoupling—failing to align actions with stated commitments—can undermine these benefits and pose risks. Drawing on neo–institutional theory, we propose that firms with different board characteristics vary in their use of outcome–communication decoupling as a symbolic response to institutional pressures. In addition, based on the resource-based view, we argue that a more diverse board—in terms of gender, major, and university background—brings together heterogeneous values and cognitive frames, enhances internal monitoring, and improves decision-making quality, thereby reducing the likelihood of CSR decoupling. We test and find empirical support for these propositions using a panel dataset of Chinese listed firms from 2010 to 2020. However, this mitigating effect is weakened in environments characterized by higher levels of market competition. Furthermore, we explored the heterogeneity of these effects across different contexts, including foreign ownership, industry-level pollution exposure, and regional marketization. This study advances the literature by elucidating the role of board diversity in curbing symbolic CSR practices under external institutional pressures, while also offering a contextualized understanding of CSR decoupling in China's evolving institutional landscape. The findings offer important theoretical and practical implications for managing CSR decoupling.

This study investigates how European financial institutions disclose social sustainability information by analyzing the structure and intensity of social reporting within the Global Reporting Initiative (GRI) framework. Drawing on a sample of 68 sustainability reports from 2020, covering listed banks and insurance companies, the research adopts a quali-quantitative approach. In the first phase, a content analysis was conducted using MAXQDA Analytics Pro, enabling the extraction and coding of textual elements associated with 19 GRI social indicators. Disclosure data were systematically identified and transformed into standardized variables through a structured keyword-based methodology. In the second phase, these variables were analyzed using the ClustOfVar algorithm, which allows for the clustering of mixed-type data. The results identify six robust and interpretable clusters representing key dimensions of social disclosure: employment and diversity; occupational health and safety; training and human capital development; supplier social assessment; stakeholder and community engagement; and customer data protection. A composite disclosure score was computed for each institution across the clusters, enabling detailed and comparative profiling. The empirical evidence highlights a marked heterogeneity in reporting practices across institutions. While some organizations adopt a comprehensive and multi-dimensional disclosure strategy, others focus on selected social aspects, suggesting diverse strategic orientations and stakeholder priorities. The findings also reveal thematic areas that are systematically underreported, such as human rights due diligence and supply chain social risks. This study contributes to the literature by providing a replicable quali-quantitative framework for analyzing social sustainability disclosure. It offers valuable insights for standard setters, financial analysts, and stakeholders aiming to assess the transparency and strategic coherence of social reporting in the financial sector.

As the world moves beyond automation, Industry 5.0 redefines progress by placing the integrity of people, society, and the planet at its core. It represents a socially responsible paradigm that integrates sustainability, human-centricity, and resilience into industrial development. In this evolving landscape, Corporate Social Responsibility (CSR) emerges as a key mechanism for translating these values into action through inclusive initiatives, ethical leadership, and long-term stakeholder engagement. Despite the growing emphasis on Industry 5.0's values, there remains a lack of context-specific frameworks that align CSR with the social welfare needs and stakeholder realities of developing nations. Building on this context, the present study explores how CSR can be aligned with Industry 5.0 principles to promote social welfare in developing countries. The current study adopts a three-phase approach: it begins with a Systematic Literature Review (SLR) of 41 peer-reviewed articles (2014–2025) to map CSR trends; further, a thematic analysis was conducted and four key domains where CSR contributes to social welfare were identified: employee well-being, organisational development, community empowerment, and environmental sustainability. In the final phase, these findings are interpreted through the lens of Industry 5.0, resulting in the development of a CSR 5.0 Framework. This framework aims to guide organisations in integrating human-centric, sustainable, and resilient principles into their CSR strategies. The paper concludes with implications for policy, practice and future research on CSR's evolving role in shaping equitable and sustainable development.