scholarly journals SOCIO-ENVIRONMENTAL DISCLOSURE AND LEGITIMACY: AN INVESTIGATION OVER THE MAJOR BRAZILIAN BANKS.

2019 ◽  
Vol 13 (2) ◽  
pp. 18
Author(s):  
Juliana Costa Ribeiro Prates ◽  
Raimundo Nonato Rodrigues ◽  
Thierry Molnar Prates ◽  
Alexandra Maria Rios Cabral
Keyword(s):  
Sustainable Development ◽  
Voluntary Disclosure ◽  
Environmental Data ◽  
Financial Data ◽  
Annual Reports ◽  
Environmental Responsibility ◽  
Environmental Disclosure ◽  
Development Policies ◽  
Dialogue Mechanism ◽  
Relationship Assessment

<p>This paper analyzes the connection between sustainability and financial performances of the six biggest banks in Brazil. Brazilian banks were analyzed regarding their socio-environmental and economic disclosure. We collected Socio-environmental data from annual reports, available on banks websites and financial data at Economática® database. Although disclosure data are not audited, which represents a limitation, these banks conduct their business in accordance with sustainable development policies and regulations, and publish information about initiatives. Spearman's non-parametric correlation provided a relationship assessment between variables for each bank. Results in this paper mostly showed a positive correlation between socio-environmental responsibility (SER) and financial performances, even considering the impacts of Brazilian crisis. The objective of this voluntary disclosure lays on companies’ legitimacy as a dialogue mechanism with society.</p><p> </p>

CLIMATE CHANGE MITIGATION AND VOLUNTARY DISCLOSURE IN MALAYSIA’S LISTED PROPERTY COMPANIES

2015 ◽  
Vol 77 (15) ◽  
Author(s):  
Kalu Joseph Ufere ◽  
Aliagha Godwin Uche ◽  
Buang Alias ◽  
Onuoha Iheanyichukwu Joachim
Keyword(s):  
Climate Change ◽  
Voluntary Disclosure ◽  
Climate Change Mitigation ◽  
Free Market ◽  
Critical Mass ◽  
Legal Framework ◽  
Annual Reports ◽  
Environmental Disclosure ◽  
Property Companies ◽  
Change Mitigation

 Climate change mitigation is a challenge faced by most nations of the world. The task is even more challenging in Malaysia considering the occurrence of sequence of floods within the past and the need to be a part of the developed economy by 2020 which needs environment protection. This paper examines the state of climate change mitigation and the practice of voluntary carbon disclosure in sustainable development practice among listed Property companies in Malaysia. Consequently the paper analyses policies and programs on-going in Malaysia to create an enabling environment for the implementation of climate change mitigation. From the studies, it can argued that Malaysia has made significant progress in setting up legal framework for the implementation of climate change mitigation and voluntary environmental disclosure, but critical mass is yet to be achieved. This was achieved as a function of Malaysia’s membership to United Nation Framework Convention on Climate Change (UNFCCC), and ratifying the Kyoto Protocol and also participates in the Clean Development Mechanism; and further establishes nationwide ecological protection laws which are implemented in the government’s Development Plans and development industry master plan. Lastly, the impetus given to the free market sector to be participants in mitigation through the Bursa Malaysia listing requirement that specifies corporate social responsibility reporting as part of the annual reports, with measurement, disclosure and management of emission integral  part. The review allows us to infer that the Malaysia voluntary environmental disclosure and climate change mitigation practice in the property sector has made initial progress but there is need for more market driven motivation to be introduced so that more companies especially those in carbon-intensive practice would be  involved. 

scholarly journals Social and Environmental Disclosure in Corporate Annual Reports: Evidence from Kuwait

2016 ◽  
Vol 3 (1) ◽  
pp. 8-16 ◽  
Author(s):  
Aly M Hewaidy
Keyword(s):  
Human Resources ◽  
Community Involvement ◽  
Voluntary Disclosure ◽  
Stock Exchange ◽  
Annual Reports ◽  
Environmental Disclosure ◽  
Related Information ◽  
Product Service ◽  
Social And Environmental Disclosure ◽  
Corporate Social

With the lack of empirical research in voluntary disclosure in the Middle East area, the present study aims at investigating and evaluating corporate social and environmental disclosure (CSED) practices in Kuwait. To achieve this objective, a checklist of 25 social and environmental disclosure items was developed. These items were then classified into four categories: human resources, environmental activities, community involvement and product/service related information. Using content analysis, the 25 disclosure items were applied to the annual reports of a sample of 43 companies listed in Kuwait Stock Exchange (KSE). It was found that the overall disclosure level for the sample companies is 21%. The disclosure level varies by disclosure category. Product/service related information achieved the highest disclosure level (43%), while human resources disclosure comes second (25%). Little attention was given to disclosing information related to community and environment, with a disclosure level of 16% and 8% respectively. These results suggested that there is a significant scope for additional social and environmental disclosure in the annual reports of Kuwaiti companies. Issuing regulations and guidelines on CSED is needed to motivate Kuwaiti companies to improve their social and environmental disclosures.Int. J. Soc. Sci. Manage. Vol-3, issue-1: 8-16

Responding to “Discrediting” Events: Annual Report Disclosure Responses to Environmental Fines

2002 ◽  
Vol 2 (1) ◽  
pp. 22-40 ◽  
Author(s):  
Hussein Warsame ◽  
Cynthia V. Simmons ◽  
Dean Neu
Keyword(s):  
Impression Management ◽  
Annual Report ◽  
Annual Reports ◽  
Matched Pair ◽  
Disclosure Quality ◽  
Publicly Traded ◽  
Environmental Disclosure ◽  
Environmental Disclosures ◽  
Disclosure Responses

In this study we consider how a discrediting event such as an environmental fine influences the quality of environmental disclosures in subsequent annual reports. Starting from prior work in the areas of impression management along with environmental and social responsibility disclosures, we propose that environmental disclosures provide organizations with a method of “managing” such discrediting events. Using a matched-pair sample of publicly traded Canadian companies that have been subject to environmental fines and those that have not; we analyze changes in pre-fine and post-fine environmental disclosure quality. After controlling for firm-specific characteristics, the provided results are consistent with this explanation.

scholarly journals Are Environmentally Innovative Companies Inclined towards Integrated Environmental Disclosure Policies?

2021 ◽  
Vol 11 (1) ◽  
pp. 29
Author(s):  
Isabel-María García-Sánchez ◽  
Nicola Raimo ◽  
Filippo Vitolla
Keyword(s):  
Environmental Performance ◽  
Voluntary Disclosure ◽  
Environmental Innovation ◽  
Environmental Disclosure ◽  
Academic Field ◽  
Environmental Actions ◽  
Correct Representation ◽  
Mediating Factor ◽  
The Impact

In recent years, the correct representation of environmental performance has become increasingly important. In light of this, in the academic field, numerous researchers have examined the level and quality of environmental disclosure. However, in the context of studies relating to the determinants of environmental disclosure, little attention has been paid to the role of environmental innovation. This study, in the context of voluntary disclosure theory, aims to fill this important gap through the analysis of the impact of environmental innovation on the level of integrated environmental information disclosed by companies and the analysis of environmental performance as a mediating factor in this relationship. The results show a positive relationship between environmental innovation and integrated environmental disclosure. In addition, they show that environmental performance represents a mediating factor in this relationship. However, complementary analyses show that responsible firms adopt silent strategies in their environmental integrated disclosure policies in order to limit the knowledge by external users of the different environmental actions implemented.

scholarly journals Potential for Sustainable Development in the Southeastern Spanish Region of Guadix

2021 ◽  
Vol 13 (2) ◽  
pp. 727
Author(s):  
Tamara Álvarez-Lorente ◽  
Francisco Entrena-Durán
Keyword(s):  
Sustainable Development ◽  
Correlation Analysis ◽  
Qualitative Interviews ◽  
Development Programs ◽  
Existing Problems ◽  
Demographic Dynamics ◽  
Development Policies ◽  
Local Actors ◽  
Quantitative And Qualitative Methods ◽  
Spanish Region

The Southeastern Spanish Region of Guadix is a mainly agrarian territory located in the Granada province, which is in demographic decline and has low economic dynamism. Reversing such a difficult socioeconomic situation requires the implementation of policies capable of promoting demographic revitalization and fruitfully exploiting potential for sustainable development in the zone. Such policies must be based on an appropriate diagnosis of the existing problems. In order to provide elements to make said diagnosis, this research combines the use of quantitative and qualitative methods. Quantitatively, the evolution of demographic dynamics in the region have been analyzed, as well as its levels of occupation, education, its economic situation, or its environmental conditions. In this regard, correlation analysis, factorial analysis, and clustering have been completed with the aim of revealing internal territorial imbalances. A series of qualitative interviews with key actors has also been conducted. Finally, given the little success of development programs applied to date, among other things, it is concluded that a greater involvement of local actors in said programs is needed. Thus, these actors have to be involved in development policies, which in turn must take into account the socioeconomic, cultural, environmental, and geological resources available in the area.

scholarly journals Sustainable Development Goals Localisation in the Hospitality Sector in Botswana and Zimbabwe

2021 ◽  
Vol 13 (15) ◽  
pp. 8457
Author(s):  
Kaitano Dube
Keyword(s):  
Sustainable Development ◽  
Continuous Monitoring ◽  
Sustainable Development Goals ◽  
Hotel Industry ◽  
Secondary Data ◽  
Preliminary Evidence ◽  
Tourism Industry ◽  
Annual Reports ◽  
Development Goals ◽  
Hospitality Sector

Many countries have fronted tourism as a tool for achieving Sustainable Development Goals (SDGs) in their voluntary national reviews. Nevertheless, very few studies have examined how the tourism industry has been localising SDGs. Therefore, this study is borne out of that knowledge gap. A qualitative approach comprising the use of primary and secondary data from integrated annual reports was adopted. The study found some progress made by hotel companies in localising SDGs. It emerged that Cresta Hotels and the African Sun group of hotels are only at the inception stage of SDG localisation, focusing on several SDGs that respond to the socio-economic and environmental demands of the environments they work in. Given that most of the work under the SDGs only began inception between 2018 and 2019, there is still a long way to go before meaningful progress can be reported regarding SDG localization, with preliminary evidence showing that the hotel industry is likely to have made significant inroads when the SDGs lapse in 2030 if their efforts are not disturbed by the COVID-19 pandemic. The study recommends continuous monitoring and support for the sector as the SDG framework offers a better and more focused sector to achieve sustainable and responsible tourism in Zimbabwe and Botswana.

scholarly journals Does graphical reporting improve risk disclosure? Evidence from European banks

2018 ◽  
Vol 19 (1) ◽  
pp. 161-180 ◽  
Author(s):  
Michael Jones ◽  
Andrea Melis ◽  
Silvia Gaia ◽  
Simone Aresu
Keyword(s):  
Credit Risk ◽  
Impression Management ◽  
Perspective Taking ◽  
Voluntary Disclosure ◽  
Cognitive Biases ◽  
Annual Reports ◽  
Theory Approach ◽  
Risk Disclosure ◽  
Content Type ◽  
Incremental Information

Purpose The purpose of this paper is to examine the voluntary disclosure of risk-related issues, with a focus on credit risk, in graphical reporting for listed banks in the major European economies. It aims to understand if banks portray credit risk-related information in graphs accurately and whether these graphs provide incremental, rather than replicative, information. It also investigates whether credit risk-related graphs provide a fair representation of risk performance or a more favourable impression than is warranted. Design/methodology/approach A graphical accuracy index was constructed. Incremental information was measured. A multi-level linear model investigated whether credit risk affects the quantity and quality of graphical credit risk disclosure. Findings Banks used credit risk graphs to provide incremental information. They were also selective, with riskier banks less likely to use risk graphs. Banks were accurate in their graphical reporting, particularly those with high levels of credit risk. These findings can be explained within an impression management perspective taking human cognitive biases into account. Preparers of risk graphs seem to prefer selective omission over obfuscation via inaccuracy. This probably reflects the fact that individuals, and by implication annual report’s users, generally judge the provision of inaccurate information more harshly than the omission of unfavourable information. Research limitations/implications This study provides theoretical insights by pointing out the limitations of a purely economics-based agency theory approach to impression management. Practical implications The study suggests annual reports’ readers need to be careful about subtle forms of impression management, such as those exploiting their cognitive bias. Regulatory and professional bodies should develop guidelines to ensure neutral and comparable graphical disclosure. Originality/value This study provides a substantive alternative to the predominant economic perspective on impression management in corporate reporting, by incorporating a psychological perspective taking human cognitive biases into account.

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