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Open AccessArticle

A New Framework for Assessing the Sustainability Reporting Disclosure of Water Utilities

1
Department of Business Administration, University of Verona, 37129 Verona, Italy
2
Department of Environmental Engineering, Democritus University of Thrace, Xanthi 67100, Greece
*
Author to whom correspondence should be addressed.
Sustainability 2018, 10(2), 433; https://doi.org/10.3390/su10020433
Received: 7 January 2018 / Revised: 2 February 2018 / Accepted: 4 February 2018 / Published: 7 February 2018
(This article belongs to the Special Issue Challenges for a Sustainable Water Use and Re-Use)
Sustainability reporting is becoming more and more widespread among companies aiming at disclosing their contribution to sustainable development and gaining legitimacy from stakeholders. This is more significant for firms operating in a public services’ context and mainly when supplying a fundamental public resource, like water utilities. While the literature on sustainability reporting in the water sector is scant, there is an increasing need to study the usefulness and quality of its sustainability disclosures to adequately inform the stakeholders about the activities of water utilities to protect this fundamental resource and general sustainable development. This article presents a novel assessment framework based on a scoring technique and an empirical analysis on the sustainability reports of Italian water utilities carried out through it. The results highlight a low level of disclosure on the sustainability indicators suggested by the main sustainability reporting guidelines (Global Reporting Initiative, (GRI), and Sustainability Accounting Standard Board, (SASB)); most companies tend to disclose only qualitative information and fail to inform about some material aspects of water management, such as water recycled, network resilience, water sources, and effluent quality. These findings indicate that sustainability reporting is mainly considered as a communication tool, rather than a performance measurement and an accountability tool, but also suggest the need for a new and international industry-specific sustainability reporting standard. View Full-Text
Keywords: sustainability reporting; benchmarking/scoring techniques; sustainability disclosure; water utilities sustainability reporting; benchmarking/scoring techniques; sustainability disclosure; water utilities
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MDPI and ACS Style

Cantele, S.; Tsalis, T.A.; Nikolaou, I.E. A New Framework for Assessing the Sustainability Reporting Disclosure of Water Utilities. Sustainability 2018, 10, 433. https://doi.org/10.3390/su10020433

AMA Style

Cantele S, Tsalis TA, Nikolaou IE. A New Framework for Assessing the Sustainability Reporting Disclosure of Water Utilities. Sustainability. 2018; 10(2):433. https://doi.org/10.3390/su10020433

Chicago/Turabian Style

Cantele, Silvia; Tsalis, Thomas A.; Nikolaou, Ioannis E. 2018. "A New Framework for Assessing the Sustainability Reporting Disclosure of Water Utilities" Sustainability 10, no. 2: 433. https://doi.org/10.3390/su10020433

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