Better poison is the cure? Critically examining fossil fuel companies, climate change framing, and corporate sustainability reports

2022 ◽  
Vol 85 ◽  
pp. 102388
Author(s):  
Matthew Megura ◽  
Ryan Gunderson
Keyword(s):  
Climate Change ◽  
Fossil Fuel ◽  
Corporate Sustainability ◽  
Sustainability Reports

The Association between Sustainability Governance Characteristics and the Assurance of Corporate Sustainability Reports

2014 ◽  
Vol 34 (1) ◽  
pp. 163-198 ◽  
Author(s):  
Gary F. Peters ◽  
Andrea M. Romi
Keyword(s):  
Value Relevance ◽  
Corporate Sustainability ◽  
Accounting Firms ◽  
Internal Auditors ◽  
Corporate Governance Mechanisms ◽  
Assurance Services ◽  
The Board Of Directors ◽  
Contextual Characteristics ◽  
Sustainability Reports ◽  
Sustainability Report

SUMMARY This study provides evidence on whether sustainability-oriented corporate governance mechanisms impact the voluntary assurance of corporate sustainability reports. Specifically, we consider the presence and characteristics of environmental committees on the Board of Directors and a Chief Sustainability Officer (CSO) among the management team. When examining assurance services, we make a distinction between those services performed by professional accountants, consultants, and internal auditors. We find that the presence of a CSO is positively associated with corporate sustainability report assurance services, and this association increases when the CSO has sustainability expertise. Supporting the position that some firms establish sustainability-related governance merely to conform to socially desired behavior, we find that only those environmental committees containing directors with related expertise influence the likelihood of adopting sustainability assurance. Presently, environmental committees with greater expertise appear to prefer the higher-quality assurance services of professional accounting firms. Expert CSOs, on the other hand, prefer assurance services from their peers with sustainability expertise, as evidenced by their choice to employ consultants. When analyzing firms' environmental contextual characteristics, we find that firms employing a CSO and exhibiting poor environmental performance, relative to other firms in their industry, prefer to report sustainability results without assurance. While we do find that larger firms in the U.S. are significantly less likely to employ assurance, this result decreases over time. Further, we provide initial evidence that the value-relevance of sustainability assurance is increasing with time.

scholarly journals Root crops agroforestry for greening the sustainability of green revolution

2018 ◽  
Vol 8 (1) ◽  
pp. 26-37
Author(s):  
Y Widodo ◽  
S Wahyuningsih ◽  
JS Utomo ◽  
A Subagio
Keyword(s):  
Climate Change ◽  
Forest Canopy ◽  
Fossil Fuel ◽  
Agricultural Land ◽  
Green Revolution ◽  
Forest Conversion ◽  
World Population ◽  
Root Crops ◽  
Wide Range ◽  
Agro Forestry

Green revolution started at mid of twentieth century was the answer of anxiousness reminded by Malthusian that food scarcity problems in relation with population growth. In concurrence with exploitation of fossil fuel for agriculture mechanization as well as agrochemicals in the form of inorganic fertilizer and pesticide, green revolution by introducing high yielding varieties of cereals and grains was able to nourish the world population by increasing productivity. Indeed, from beginning of mechanization with fossil fuel based as advised by Rudolf Diesel then Arrhenius would be affected to the release of CO2 to the atmosphere and consequently exaggerating climate change as suffered by current and future generations. Under green revolution based on cereals and grains affected forest conversion into open agricultural land, because both commodities are sun-loving crops, which are hate to the shade. On the other hand, to slow the severity of climate change natural forest must be conserved tightly. Entering third millennium demand of food production with ecologically friendly is stronger. Hence, green revolution needs to be amended into greener perspectives. Thus, implementation of agro-forestry into wide range of agro-ecological zone is urgently innovated. Fortunately, shade tolerant of root crops has significant advantage to be developed under agro-forestry. Under shade of forest canopy at basal forest strata, root crops are able to sequester CO2 to be converted into carbohydrate and other compounds to provide food for the dweller. Back to nature is not only a slogan, with root crops under agro-forestry is a reality; fresh root up to 30 t ha-1 can be harvested yearly as the source of food and renewable fuel as well. This potential is very worthy to improve and greening the existing green revolution to be more sustainable.Int. J. Agril. Res. Innov. & Tech. 8 (1): 26-37, June, 2018

Corporate Sustainability Indicators In Banking Sector

2014 ◽  
Vol 1 (1) ◽  
pp. 581-584
Author(s):  
Dumitrascu Mihaela ◽  
Ileana Ciutacu ◽  
Iulian Vasile Săvulescu
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
Banking Sector ◽  
Corporate Sustainability ◽  
Sustainability Indicators ◽  
Global Reporting Initiative ◽  
Future Research ◽  
Group Level ◽  
Industry Sector ◽  
Sustainability Reports

AbstractThe purpose of this paper is to see the situation regarding the indicators from the Sustainability Reports. For this we use a qualitative research, a content analysis of these reports. Our sample is composed by the banks that develop their activity in our country for which we analysed the last year reports at group level. We choose only an industry sector to obtain the homogeneity of the sample. The findings reveal a number of 86 indicators, which were used in these reports. We analyzed the Global Reporting Initiative (GRI) indicators used by 12 companies. The most reported indicators are EN4, EN8, LA1, LA10, while the last reported indicators are E5, E10 E13 E15, EN20, EN21, EN23, EN27, HR9, HR10 The results obtained are important for future research in this area, for both managers and researchers.

scholarly journals Impacts of the Fossil Fuel Divestment Movement: Effects on Finance, Policy and Public Discourse

2018 ◽  
Vol 10 (7) ◽  
pp. 2529 ◽  
Author(s):  
Noam Bergman
Keyword(s):  
Climate Change ◽  
Public Discourse ◽  
Fossil Fuel ◽  
Grey Literature ◽  
Fiduciary Duty ◽  
Student Groups ◽  
Finance Industry ◽  
Fossil Fuel Industry ◽  
The Uk ◽  
The Impact

The fossil fuel divestment movement campaigns for removing investments from fossil fuel companies as a strategy to combat climate change. It is a bottom-up movement, largely based in university student groups, although it has rapidly spread to other institutions. Divestment has been criticised for its naiveté and hard-line stance and dismissed as having little impact on fossil fuel finance. I analyse the impact of divestment through reviewing academic and grey literature, complemented by interviews with activists and financial actors, using a theoretical framework that draws on social movement theory. While the direct impacts of divestment are small, the indirect impacts, in terms of public discourse shift, are significant. Divestment has put questions of finance and climate change on the agenda and played a part in changing discourse around the legitimacy, reputation and viability of the fossil fuel industry. This cultural impact contributed to changes in the finance industry through new demands by shareholders and investors and to changes in political discourse, such as rethinking the notion of ‘fiduciary duty.’ Finally, divestment had significant impact on its participants in terms of empowerment and played a part in the revitalisation of the environmental movement in the UK and elsewhere.

Characteristics of UK higher education institutions that disclose sustainability reports

2018 ◽  
Vol 19 (7) ◽  
pp. 1279-1298 ◽  
Author(s):  
Remmer Sassen ◽  
Dominik Dienes ◽  
Johanna Wedemeier
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Research Question ◽  
Corporate Sustainability ◽  
Public Funding ◽  
Sustainability Reporting ◽  
Content Type ◽  
Sustainability Reports ◽  
The Uk ◽  
Uk Higher Education

Purpose This study aims to focus on the following research question: Which institutional characteristics are associated with sustainability reporting by UK higher education institutions? Design/methodology/approach To answer the aforementioned research question, this study uses logistic regression. Findings The results show that 17 per cent of the UK higher education institutions report on their sustainability (July 2014). In line with legitimacy and stakeholder theory, logistic regressions provide evidence that the larger the size of the institution, the higher the probability of reporting. By contrast, high public funding decreases this probability. Research limitations/implications The findings show characteristics of higher education institutions that support or hamper sustainability reporting. Overall, the findings imply a lack of institutionalisation of sustainability reporting among higher education institutions. Originality/value Although a lot of research has been done on corporate sustainability reporting, only a small number of studies have addressed the issues of sustainability reporting of higher education institutions. This study covers all sustainability reports disclosed among the 160 UK higher education institutions. It is the first study that investigates characteristics of higher education institutions that disclose a sustainability report.

scholarly journals Role of sustainomics and external climate forcing mechanism in biodiversity extinction : An overview

2019 ◽  
Vol 11 (1) ◽  
pp. 223-226
Author(s):  
Neerja Upadhyaya ◽  
Ruchi Jain ◽  
R. Upadhyaya
Keyword(s):  
Climate Change ◽  
Fossil Fuel ◽  
Wide Distribution ◽  
Complex Problem ◽  
Climate Forcing ◽  
Sensitive Issue ◽  
The Government ◽  
Social Scientific ◽  
Living Organisms

Over millions of years, physiology and anatomy of the living organisms has been changed due to internal climate forcing mechanism. This has influenced the world wide distribution of species. External climate forcing mechanism has caused rapid rise in earth’s temperature and it is expected to rise by 2-4 °C by the end of the century. It has now been recognised as the most complex problem of present scenario and being concerned in almost every field of science. Climate change is the most sensitive issue which is a challenge not only for the government and society but also for each individual. In the present communication impact of external climate forcing mechanism on biodiversity and its extinction is being analysed and role of sustainomics for the same is overviewed. Studies reveal that the rate of speciation of flora and fauna is not in the accordance with the rate of externally enforced climate change. Thus, the increased rate of climate change has caused catastrophic mass extinction threat for plants, animals and insects in the anthrapocene era. The pattern of extinction and threatened species are not yet known. Various solutions for the problem have been suggested by the multidisciplinary researches, rooted by the sustainomics. These suggestions include to diverge from fossil fuel, to use renewables, to make and apply rules for 3Rs etc. Only cooperative involvement of social, scientific and industrial bodies may resolve the problem.

scholarly journals The Use of Corporate Sustainability Indices : A Case Study on the Dow Jones Sustainability Index

2021 ◽  
Author(s):  
Doaa Mohammed Elkhawas
Keyword(s):  
North America ◽  
Corporate Sustainability ◽  
Socially Responsible ◽  
Responsible Investment ◽  
Sustainability Index ◽  
Dow Jones Sustainability Index ◽  
Sustainability Reports ◽  
Similarities And Differences ◽  
Sustainability Indices

Corporations are under growing pressure from socially responsible investors to consider the environmental and social impacts of their operations. To help highlight corporations that have taken steps to address these issues, a number of sustainability indices have been developed. While there is a growing body of literature that focuses on sustainability indices, little is known on how they are used in practice. The purpose of this project was to explore the use of sustainability indices in corporations. In this project, the Dow Jones Sustainability Index North America (DJSINA) was used in a case study. The project consisted of three key phases: a content analysis of corporate sustainability reports in North America, a survey with Canadian experts on the DJSINA, and a review of the DJSI website. The project highlights the similarities and differences in the use of the DJSI by Canadian and American corporations. As the first study focusing on the use of the DJSINA, the results will be of interest to practitioners and academics in socially responsible investment and corporate sustainability.

scholarly journals Sustainability with (out) compromise: how companies perceive, manage, and communicate trade-off decisions in the practice of corporate sustainability

2021 ◽  
Author(s):  
Merriam Haffar
Keyword(s):  
Content Analysis ◽  
Corporate Sustainability ◽  
Phase Iii ◽  
Strategic Choices ◽  
Trade Off ◽  
Organizational Cognition ◽  
Trade Offs ◽  
Archival Documents ◽  
Sustainability Reports ◽  
Latent Content

The practice of corporate sustainability is beset with compromise; it involves inevitable trade-offs across competing objectives and across a range of stakeholders and time horizons. These trade-offs create tension points that present the company with strategic choices that ultimately shape its overall approach to sustainability. Accordingly, trade-offs constitute a material aspect of a company’s sustainability practice, and ought to be disclosed in sustainability reports. The purpose of this research is therefore to understand how companies perceive, manage, and report on these critical trade-off decisions in the practice of sustainability. To achieve this objective, this dissertation conducted a study in three phases. In Phase I, this study conducted a review and content analysis of the trade-off literature through the lens of the natural resource-based view of the firm. Through this process, this study proposed a hierarchical framework for the analysis of trade-offs based on their root tensions, their interconnections, and their connection to sustainability synergies. In Phase II, this study used an organizational cognition perspective to posit that companies perceive and respond to these trade-off decisions in ways that reflect the company’s underlying sustainability logic. To explore this link, this study performed a content analysis of interviews with sustainability managers, as well as archival documents. This study found that companies with an instrumental logic saw trade-offs as binary and resolved them by counterbalancing the ‘lose’ dimension with ‘wins’ elsewhere. In contrast, companies with an integrative logic saw trade-offs as non-binary, and resolved them through an iterative, risk-based approach. Finally, in Phase III, this study used a legitimacy perspective to determine whether companies are disclosing these trade-offs in their sustainability reports. To do so, this study analyzed sustainability reports and interviews with sustainability managers using content analysis. This study found that 92% of all reporting companies had encountered sustainability trade-offs but had not disclosed them in their reports. Evidence of these accounts were nevertheless present in the implicit (or latent) content of the reports. These findings highlight the negative light in which many companies perceive trade-offs, and the legitimacy threat that their disclosure poses.

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