Corporate Social Responsibility and Environmental Management最新文献

As ESG (Environmental, Social, and Governance) principles increasingly shape the trajectory of global economic and societal sustainability, our study delves into how a firm's network dynamics influence its ESG performance within the Chinese landscape spanning from 2011 to 2020. Drawing insights from agency theory, resource dependence theory, and social network theory, we uncover a notable correlation between board interlocking and ESG performance. This correlation suggests that well-connected directors can potentially enhance a firm's ESG performance by facilitating information gathering, monitoring, advising, and leveraging influence to address stakeholders' concerns. Moreover, our analysis reveals that the characteristics of ownership structure, as gauged by indicators such as institutional ownership, control-cash flow wedge, and state-owned ownership, serve as positive moderators in this relationship. Conversely, board structure, as evaluated by board independence, does not exhibit a significant moderating effect. Additionally, we uncover noteworthy mediating effects of firm size and institutional shareholding on the relationship between board interlocking and ESG performance. Importantly, our findings hold robust across various sensitivity analyses, including alternative model specifications, variable definitions, and strategies to mitigate potential endogeneity concerns.

This study provides a comprehensive review and synthesis of 62 empirical studies on corporate governance drivers of carbon disclosure. We reveal that companies are experiencing pressure for carbon disclosure at multiple levels. At the macro-level, pressures from regulatory institutions, normative institutions, financial markets, media, society, and economic cost were the most influential factors driving carbon disclosure. At the meso-level, peer pressure from companies in similar industries as well as owners and investors influenced carbon disclosure. At the micro-level, board diversity, board independence, and internal organizational systems explained the likelihood and commitment to carbon disclosure. In addition, we comprehensively reviewed and synthesized the theoretical lenses that have been used in scholarship on the impact of corporate governance mechanisms on carbon disclosure. Our study is the first multitheory and multilevel literature review on the impact of corporate governance mechanisms on carbon disclosure.

The objective of this article is to analyze the environmental, social, and governance (ESG) risks to which agri-food companies are exposed and the various practices they adopt to manage them. An analysis of the sustainability reporting produced by 135 agri-food companies that are relatively committed to ESG risk management shows the wide diversity of ESG risks they consider as well as the very uneven coverage of these risks in corporate disclosures. This article proposes an integrative model to describe how agri-food companies handle risk management based on four main topics: assessing and monitoring ESG risks; internalizing risk management; implementing standards, approaches, and specific tools; and preventing risks through innovation and stakeholder partnerships. This article makes important contributions to the emerging literature on ESG risk management and corporate sustainability in the agri-food industry, notably by mapping such risks and by summarizing the main practices used by agri-food companies to manage them.

This study analyses the relationship between board gender diversity and the ESG scores for Spanish, French, German, and English listed companies. Previous academic literature shows controversial results regarding the benefits of female participation in boards of directors, however many studies have only used an aggregated indicator to measure performance or they do not have compared the results among countries. The empirical section of this research uses a sample formed by 205 companies from France, Germany, Spain, and the United Kingdom for a period of 19 years (from 2002 to 2020). The results obtained through a panel data estimation confirm a positive and significant relationship between board gender diversity (BGD) and the social and the corporate governance score in all cases. However, the relationship between BGD and the environmental score is only confirmed in the case of Spain, France, and Germany. Therefore, even though in these countries, the actions to promote gender equality have been different and at different times, the results are mostly homogeneous.

The ESG paradigm has exerted increasing pressure on firms to adopt environment-friendly and socially responsible policies. Interestingly, less attention has been paid to the drivers of ESG performance. Therefore, we address this gap by analyzing a sample of Chinese non-financial firms. First, we examine if CEO power dimensions influence ESG performance. Second, we investigate if board gender diversity (BGD) influences the association between CEO power and ESG performance. Third, we explore if board independence and board gender diversity complement each other by influencing the relationship between CEO power and ESG performance. The study has used a rigorous methodology comprising five statistical estimation techniques and several variable measurements. In addition, we extensively analyze the two-way and three-way interactions for moderation analysis. Our unique results indicate that CEO structural and duality powers diminish ESG performance while CEO expert and ownership powers enhance ESG performance. Further, we document that BGD has a positive influence on the association between CEO power and ESG performance. The results also reveal that BGD and BI favorably complement each other by influencing the relationship between CEO power and ESG performance. The further analysis results indicate that an adequate number (or critical mass) of female directors are required on the board along with CEO power to improve ESG performance. We also find that CEO tenure and ownership have an inverted U-shaped relationship with ESG performance.

The synergy between the concepts of circular economy and Industry 4.0 enables a greater movement toward a sustainable society and addresses environmental and economic issues in organizational operations. This study seeks to implement circular economy and Industry 4.0 for waste reduction and resource optimization in Yazd glass factories. It is significant because Iranian factories are not efficient from this point of view and produce a considerable amount of waste. For this purpose, the mixed methodology has been employed. In the qualitative part, 15 enablers are identified by using the meta-synthesis method, which are categorized into four economic, human resources, organizational-managerial, and infrastructure dimensions. In the quantitative stage, the cause-and-effect relationship between enablers is identified by using the Fuzzy DEMATEL method, and forward and backward scenarios are formulated using fuzzy cognitive map technique. While the research practical contributions include identification of key enablers in implementing circular supply chain management 4.0, formulation of forward and backward scenarios to guide strategic decision-making in sustainable practices, and offering actionable insights for waste reduction and resource optimization in the glass industry leading to improved operational efficiency, it has theoretical contributions such as highlighting the significance of specific enablers in the successful implementation of circular supply chain management 4.0, demonstrating the interplay between different enablers and their impact on key aspects, and advancing knowledge on sustainable practices within the context of the glass industry, contributing to environmental sustainability and operational excellence in Iranian factories.

This paper aims to identify the main issues and drivers of sustainable corporate governance to prevent corruption and increase companies' profitability by drafting corporate organizational models, highlighting exploratory evidence from the corporate sample. This document is based on two phases. First, the analysis aims to understand any link between adopting an organization, management, and control model according to Legislative Decree 8 June 2001, no.—231 and company performance. The survey concerned a sample of companies operating in the construction sector. We have therefore tried to demonstrate whether the companies in possession of the so-called “231 model” present higher profitability than the same companies in the industry, which, on the contrary, have decided not to adopt this model. Second, the content analysis research method is applied to the corporate organizational models that have adhered to drafting the documents on the sample of companies. It was investigated whether companies operating in the construction sector, which adopt an organizational model, have higher performances than companies which do not adopt an organizational model in line with the Italian Legislative Decree 231 and whether there is a correlation between the adoption of a “complete” organizational model in line with Italian Legislative Decree 231 and company performance. This paper proposes the analysis of the sustainable compliance models of Italian companies to prevent corruption and profitability in their corporate governance and the path for future research on the topic.

Enterprises should strive for sustainable development since it is a vital component of the economy. Sustainable development serves as a safeguard against elements that might negatively impact the future development of their companies. This article aims to explore the influence of corporate environmental, social, and governance (ESG) performance on corporate violation using Chinese A-share listed firms as a sample. We discover that corporate ESG performance considerably discourages corporate violation behavior, reducing the risk of corporate violations. Based on the fraud triangle theory, we also show that corporate ESG performance reduces the opportunity of corporate violations by improving information transparency, reduces the pressure of corporate violations by alleviating financing constraints, and reduces the rationalization of corporate violations by increasing media attention. By examining particular corporate violations, we document that corporate ESG performance is more effective for disclosure violations and general violations in corporate governance. Further analysis shows that corporate ESG performance has a considerable impact on companies in nonstate-owned and small-company subsamples. These results add to the literature and provide theoretical insights for governors, regulators, company executives, auditors, and other stakeholders.

Consensus does not currently exists on how to offset the residual environmental footprint generated by agricultural and forestry practices. This paper develops an environmental sustainability management framework to support the achievement of environmental impact neutrality in the primary sector of agriculture and forestry. The proposed framework, named TREEIN, “a TREe model for Environmental Impact Neutrality”, can guide companies toward effective use of existing environmental management and certification schemes that account for both the negative impact of the production system's life cycle and the positive impact offered by adequate ecosystem service supply. First, we did an overview of international standard certifications, protocols, and sustainability programs based on life cycle assessment (LCA) and ecosystem services assessment (ESA) methodologies. Subsequently, we analyzed the sustainability programs in the European-specific economic sectors of wine and extra-virgin olive oil, focusing on the combined approach of LCA and ESA methodologies. As a result, TREEIN, a tree model framework, was developed and applied to the case study of a typical farming system in Tuscany (Italy) in order to achievie impact neutrality. Quantitative outcomes, qualitative assertions, and the methodological challenges associated with such a pilot application are investigated and discussed. The TREEIN's benefits and drawbacks are explored in light of the findings of this case study, and a roadmap for its further advancement and adoption in the market is presented.

Global corporations face a significant challenge in addressing the lack of green innovation. Thus, this study develops a conceptual model to unveil the role of leader competencies in “smart technology, artificial intelligence, robotics, algorithms” (STARA) in promoting employees' green innovative behaviors. The study strives to analyze the mediating effect of green crafting behavior on the impact of leader STARA competencies on green innovative behavior. Additionally, the study tests the moderating roles of STARA awareness and employee promotion focus on the relationship between leader STARA competencies and green crafting behavior. Data were collected from 319 employees to test the proposed conceptual model using structural equation modeling. Findings reveal that leader STARA competencies drive employee green innovative behavior through green crafting behavior. Furthermore, STARA awareness and employee promotion focus moderate the influence of leader STARA competencies on green crafting behavior. Our research develops practical implications to improve leaders' STARA competencies, which could impact employees' green innovative behaviors.