Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?

Isabel‐María García‐Sánchez; Lázaro Rodríguez‐Ariza; Beatriz Aibar‐Guzmán; Cristina Aibar‐Guzmán

doi:10.1002/bse.2485

journal article Open Access Feb 12, 2020

Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?

Isabel‐María García‐Sánchez

Lázaro Rodríguez‐Ariza

Beatriz Aibar‐Guzmán

Cristina Aibar‐Guzmán

Business Strategy and the Environment Vol. 29 No. 5 pp. 2019-2036 · Wiley

View at Publisher Save 10.1002/bse.2485

Abstract

AbstractInstitutional investors show increasing interest in how companies align their corporate social responsibility strategies with the sustainable development goals (SDGs) proposed by the United Nations (UN). The information disclosed in this regard is essential to know and monitor business contribution to the 2030 Agenda. In this paper, we analyze the influence that institutional investors have on the adoption of the disclosure strategy established by UN and the Global Reporting Initiative (GRI)—GRI‐SDG Compass. The results obtained for a sample of 989 international companies, which prepare their sustainability reports following the GRI guidelines, show that ownership by foreign investors, pension funds, and “other” investors boosts the relevance of the information disclosed in relation to the 2030 Agenda. On the contrary, government, financial institutions, and cross holdings have no impact on the information systems developed.

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References

Details

Published: Feb 12, 2020
Vol/Issue: 29(5)
Pages: 2019-2036
License: View

Authors

I

Isabel‐María García‐Sánchez

IME‐Instituto Multidisciplinar de Empresa, Departamento de Administración y Economía de la Empresa Universidad de Salamanca Salamanca Spain

L

Lázaro Rodríguez‐Ariza

Departamento de Economía Financiera y Contabilidad Universidad de Granada Granada Spain

B

Beatriz Aibar‐Guzmán

Departamento de Economía Financiera y Contabilidad, Facultad de Ciencias Económicas y Empresariales Universidad d Santiago de Compostela A Coruña Spain

C

Cristina Aibar‐Guzmán

Departamento de Economía Financiera y Contabilidad, Facultad de Ciencias Económicas y Empresariales Universidad d Santiago de Compostela A Coruña Spain

Funding

Universidad de Salamanca Award: USAL2017‐DISAQ

Cite This Article

Isabel‐María García‐Sánchez, Lázaro Rodríguez‐Ariza, Beatriz Aibar‐Guzmán, et al. (2020). Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?. Business Strategy and the Environment, 29(5), 2019-2036. https://doi.org/10.1002/bse.2485

Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?

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