Search Results (86)

Sustainability in the non-alcoholic beverage industry requires effective metrics to assess environmental, social, and economic performance. However, the lack of standardised indicators for small and medium-sized enterprises (SMEs) hinders the implementation of sustainable strategies. This study aims to select a set of sustainability indicators for small and medium-sized non-alcoholic beverage industries in Brazil. Seventy-four indicators were identified based on the Global Reporting Initiative (GRI) guidelines, which were subsequently evaluated and refined by industry experts for prioritisation. Statistical analysis led to the selection of 31 final indicators, distributed across environmental (10), social (12), and economic (9) dimensions. In the environmental dimension, priority indicators include water management, energy efficiency, carbon emissions, and waste recycling. The social dimension highlights working conditions, occupational safety, gender equity, and impacts on local communities. In the economic dimension, key indicators relate to supply chain efficiency, technological innovation, financial transparency, and anti-corruption practices. The results provide a robust framework to guide managers in adopting sustainable practices and support policymakers in improving the environmental, social, and economic performance of small and medium-sized non-alcoholic beverage industries. Full article

In Europe, corporate sustainability reporting through the double materiality assessment was formally introduced with the Corporate Sustainability Reporting Directive in response to the European Sustainability Reporting Standards. The double materiality assessment is essential not only to determine the scope of corporate sustainability reporting but also to guide companies toward an efficient allocation of resources and shape corporate sustainability strategies. However, although EFRAG represents the technical adviser of the European Commission, there are numerous “interoperable” standards related to the assessment of double materiality, including the Global Reporting Initiative (GRI), or UNI 11919-1:2023. This research intends to systematically analyze similarities and divergences between the most widespread double materiality assessment standards at the global scale, highlighting their strengths and weaknesses and trying to identify a comparable path toward the creation of a set of common guidelines. This analysis is carried out through the systematic study of seven standards and by answering nine questions ranging from generic ones, such as “what is the concept of double materiality?”, to more technical questions like “does the standard identify thresholds?”, but adding original prospects such as “does the standard refer to different types of capital?”. Findings highlight that EFRAG, UNI 11919-1:2023, and GRI represent the most complete and least-discretionary standards, but some methodological aspects need to be enhanced. In the double materiality assessment, companies must identify key stakeholders, material topics and material risks, and must develop the double materiality matrix, promoting transparent disclosure, continuous monitoring, and stakeholders’ engagement. While comparability is principally required among companies operating within the same sector and of similar size, this does not preclude the possibility of comparing firms across different sectors with respect to specific indicators, when appropriate or necessary. Full article

Sustainable manufacturing is gaining attention in the scientific literature. However, it remains unclear how to effectively incorporate it within Production Planning and Control (PPC) tasks. All the choices taken in terms of PPC impact sustainability, and sustainability managers and planners or managers involved in tasks, such as scheduling or inventory management, are not conscious of what this means or implies, above all, in terms of the sustainable performance indicators on which their actions can act. While several studies have addressed both PPC and sustainability, there is still limited guidance or structured frameworks specifically aimed at systematically linking PPC tasks with sustainability indicators in a practical and operational industrial context, despite the development of numerous sustainability standards in recent years. For this reason, this research aimed to develop a first detailed framework, specifically based on the Global Reporting Initiative (GRI) standard, that associates the most relevant indicators with the PPC phases, highlighting the type of impact (direct or indirect) of each phase on them. This could help with strategic decisions and promote more informed choices. The overall framework revealed the prevalence of environmental aspects involved in PPC phases (as expected) and a challenge related to the measurability of indicators (above all, the social ones). Furthermore, the Material Requirements Planning (MRP), identified as the most significant phase in terms of its impact on sustainability, was deeply analyzed, providing details related to the decision-making processes of this phase that affect sustainable performance. Full article

Organizations face significant challenges in measuring and enhancing sustainability performance across complex operational processes. Current assessment methods frequently lack granularity, real-time capability, and integration with operational data. This study addresses these gaps by developing a conceptual framework that integrates business process mining with Global Reporting Initiative (GRI) metrics. The methodology incorporates environmental, social, and economic sustainability indicators into process mining techniques through systematic metric mapping and event log enrichment. The framework enables the extraction and analysis of sustainability performance data at the process level, creating detailed heat maps that visualize resource utilization, emissions, and waste generation. An application to a Purchase-to-Pay process case study demonstrates how process variants impact sustainability metrics differently. Delays increase emissions by 16.7%, while rework increases waste generation by 41.7%. The results identify specific process bottlenecks with high environmental impact and reveal critical misalignments between economic and environmental sustainability goals. This framework provides organizations with a standardized yet flexible approach to measuring sustainability performance, bridging the gap between high-level sustainability reporting and operational processes. It enables continuous monitoring, targeted interventions, and transparent reporting across diverse industry contexts. Full article

The purpose of this study is to evaluate the quality of sustainability reporting from banks operating in Brazil from the perspective of the GRI reporting principles and the coverage of reported content and its correlation with the SDGs. We also examine whether there is some association between the quality of such reporting and some characteristics of the banks (e.g., national vs. foreign, publicly traded vs. privately held, government vs. privately controlled). We used two different methodologies proposed in existing literature to assess quality based on economic, social, and environmental contents and developed our own methodology, based on previous studies and official documents, to analyze compliance with GRI principles. The results indicate that the reports are generally of low quality, although there are some cases of medium or very low quality, demonstrating the need for improvement in their preparation. The best evaluations were for reports produced by private banks that publicly trade, are based in Brazil, and use integrated reporting. Full article

Despite the climate crisis, a significant barrier to sustainability is limitations to the current accounting and reporting system. These deficiencies, mean the global financial system continues to invest trillions of dollars annually in environmentally sub-optimal projects. To catalyze the economic transition away from fossil-fuel and plastic configurations to more sustainable ones, sustainability accounting and reporting (SAR) is imperative. However, theoretical contention, pragmatic concerns, and costs stoke strong resistance to SAR. The research used ablative thematic analysis to apply hermeneutic phenomenology. First, it scanned the backdrop to the SAR problem and identified a corpus of recent literature from key associated institutions. The initial interpretation of the texts disentangled SAR’s conflicting threads and generated three themes of ‘climate crisis’ and ‘conservative’ or more ‘radical’ SAR reform paradigms. Iteratively harnessing these thematic lenses, the investigation re-examined the SAR literature corpus. The textual ‘dialogue’ generated understanding of the fragmented SAR responses to the climate crisis. Accordingly, the research reformulated its first theme to ‘dystopic climate crisis fragmentation’ and refined the other themes to take account of materiality and the split between Anglo-Saxon (IFRS, SSAB) or global (UN) and continental European accounting institutions (EU, GRI). Conservatives retain a single materiality investor-focus and concede only incremental standard improvements. Radicals seek to implement double materiality with a broader spectrum of stakeholders in mind. Both approaches have theoretical as well as pragmatic advantages and disadvantages, so the SAR contention rumbles on. Whilst the standard-setting landscape is evolving, disagreements remain. Its roots of contention are philosophical and pragmatic. Philosophically, radicals strive to temper libertarian anarcho-capitalist proclivities and broaden firm responsibility. Pragmatically, social, or environmental externalities are problematic to assign or measure. Given vested interests in the destructive status quo, it would be naïve to expect a harmonious SAR Ithaca to emerge anytime soon. Yet the challenges impel an intensification of SAR dialogue and concrete actions. Rather than a scientifically nomothetic contribution, the paper provides a qualitative, artful interpretation of a complex, contentious but crucial field. Full article

One of the core objectives of the European Green Deal in pursuing climate neutrality and sustainable development is the decarbonization of high-impact sectors. Among the most polluting is the fast fashion industry, driven by linear business models that must urgently transition to circular economy frameworks and decarbonized supply chains. Fast fashion poses significant environmental and social challenges due to its high greenhouse gas emissions, excessive resource consumption, and substantial waste generation. To foster greater sustainability within the sector, this study examines environmental indicators defined by the European Sustainability Reporting Standards (ESRS), in accordance with the EU’s Corporate Sustainability Reporting Directive (CSRD) 2022/2464. Aligned with the Global Reporting Initiative (GRI), these standards aim to harmonize sustainability disclosures and enable better decision-making across environmental, social, and governance (ESG) dimensions throughout Europe. This research focuses on five key environmental aspects—climate change, pollution, water resource management, biodiversity, and circular economy/resource use—across four leading fast fashion brands: Mango, Zara, H&M, and Shein. Using an exploratory web-based methodology, this study evaluates how these companies disclose and implement ESG strategies in their supply chains. The central aim is to assess the sustainability and resilience of their operations, with particular emphasis on communication strategies that support the transition from linear to circular business models. Ultimately, this study seeks to highlight both the progress and persistent challenges faced by the fast fashion industry in aligning with ESG and ESRS requirements. Full article

The Global Reporting Initiative (GRI) has maintained the world’s most comprehensive and dominant sustainability reporting standards. While primarily voluntary, they were widely used by energy companies, especially in the environmental disclosure area. With the recent introduction of the mandatory European Sustainability Reporting Standards (ESRS), companies may face challenges transitioning from GRI to ESRS. In this context, this study provides a comprehensive analysis of the GRI Standards and the ESRS, focusing on their environmental disclosure requirements (‘E’). The purpose of our study is to evaluate the current level of environmental reporting by Polish energy companies based on GRI Standards, assess their compliance with the ESRS requirements under the ‘E’ pillar, and determine the role of GRI disclosures in facilitating the transition to the new standards. A case study approach was employed, using data manually collected from 2023 reports prepared according to GRI Standards by Polish energy companies. Content analysis and the GRI-ESRS Interoperability Index were applied. The findings reveal notable differences in the application of GRI Standards among the companies. The level of environmental disclosures based on GRI Standards is relatively low compared to ESRS requirements, suggesting that companies will face challenges in setting up systems to meet future reporting requirements. This study provides insights into current and emerging practices in environmental reporting, offering valuable implications for EU energy companies preparing their environmental reports in accordance with ESRS requirements. Full article

Addressing the needs of society and the environment has become vital for organizations’ survival in the current business context. Stakeholders increasingly demand ethical practices, environmental responsibility, and a commitment to social well-being as integral components of sustainable business strategies. The study aims to explore and analyze Sustainable Human Resource Management (SHRM) practices within the context of sustainability reporting measures, specifically Environmental, Social, and Governance (ESG) and the Global Reporting Initiative (GRI). By identifying and categorizing best practices in Corporate Social Responsibility (CSR) and SHRM, the study intends to highlight the role of HRM in sustainability reporting and give actionable insights for organizations to improve their reporting strategies and integrate HRM more effectively into sustainability frameworks. The methodology adopted is bibliometric analysis, as it enables the identification of connections between various studies, authors, and topics across a large body of research. Concerning SHRM and ESG, 932 papers were analyzed, while 442 papers were considered for SHRM and GRI. The main findings reveal a lack of specific studies on SHRM within the ESG and GRI reporting, highlighting the need to include topics directly related to human resources in these reports to enhance the relevance and comprehensiveness of sustainability reports for various stakeholders. These results contribute to a deeper understanding of trends in integrating sustainable practices into human resource management and highlight the need for future academic studies to incorporate the analysis of HR-related components—both in terms of processes and their impact on stakeholders—within sustainability reporting. This reinforces the idea that ESG and GRI reporting should not be viewed solely through environmental or financial lenses but as comprehensive measures encompassing social and human capital dimensions, prompting a rethinking of traditional approaches. Full article

In the contemporary business environment, there is an increasing demand for companies to disclose information regarding their corporate sustainability practices. An increasing number of construction companies transparently publish their sustainability practices through corporate sustainability reports under the headings of economic, environmental, social and governance. In the context of current practices, construction companies publish corporate sustainability reports by using different reporting frameworks, especially in areas beyond financial aspects, including standards established by the Global Reporting Initiative (GRI) as well as various legal obligations such as the Corporate Sustainability Reporting Standard (CSRS). This diversity makes it difficult to compare reported data and draw meaningful conclusions. Therefore, this research aims to simplify the reported information by reducing corporate sustainability themes to the most relevant ones for construction companies. Sustainability reporting frameworks and guidelines were examined through thematic analysis; then, the materiality and validity of sustainability themes for construction “companies were assessed using the Delphi analysis technique. Themes such as “Energy” in the environmental dimension, “Health and safety issues” in the social dimension, “Financial performance” in the economic dimension and “Board structure” in the governance dimension were identified as the corporate sustainability themes with the highest degree of impact, with an acceptable consistency ratio as a result of the analyses. As a result of the study, a reporting framework was developed consisting of a total of twenty-six themes for construction companies. The identification of material themes facilitates the integration of construction companies into the corporate sustainability reporting process and provides benefits for the innovation and sustainability of the sector Full article

The construction industry is one of the most environmentally sensitive sectors, significantly impacting the adoption of sustainable development practices. Environmental, social, and governance (ESG) pillars are essential for assessing corporate sustainability performance, revealing risks, and guiding improvement. Despite the widespread use of indicators, a notable gap exists in ESG frameworks oriented to assess company performance within the sector, with limited research on achieving standard tools. This study proposes a practical standardized framework of indicators for the European construction industry and provides a set of KPIs for the Italian context, serving as a tool to measure and report ESG performance. The methodology consists of the selection of indicators from established protocols for assessing and reporting ESG criteria, such as the Global Reporting Initiative (GRI) and Global Real Estate Sustainability Benchmark (GRESB). The selection process resulted in the identification of 118 indicators, categorized into 44 environmental, 54 social, and 20 governance indicators, enabling construction companies to comprehensively measure and report their ESG performance in accordance with disclosure regulations. The result of this work serves policymakers seeking to develop standardized frameworks specific to the construction industry, for defining expert panels to evaluate mandatory disclosures from companies, and as guidance for companies who need guidelines to assess their sustainability performance and ensure compliance and alignment with existing frameworks. Full article

This study aims to assess the disclosure extent and quality, as well as the percentage of audited reports, of the Brazilian companies listed on the IBOVESPA stock exchange index and explore some factors that influence disclosure quality. A content analysis of 71 annual sustainability (or similar) and integrated reports was conducted, focused on the social dimension. Multiple linear regression was used to assess the relationship between the disclosure quality index and being audited by a Big Four company, the number of members on the board of directors, the use of the Global Reporting Initiative (GRI) standards in the preparation of the reports, and the type of industry. The results suggest that although the disclosure extent is reasonable, its quality is poor. In addition, considering its voluntary nature, the disclosure-auditing index is deemed satisfactory. The results also suggest that the disclosure quality of Brazilian companies is positively and significantly influenced by being audited by a Big Four company, by adopting the GRI standards, by the number of members composing the board of directors, and by belonging to the “Energy and utility” industry. This study contributes to the extant literature by assessing the disclosure extent and quality and the percentage of audited reports of companies in an emerging economy setting—Brazil—and exploring some factors which influence the disclosure quality in emerging countries’ companies, such as auditing by a Big Four company, which has thus far been unexplored. It also contributes to increasing the awareness of the theme among managers. Full article

Accurate disclosure and proactive engagement in ESG practices are essential for achieving high-quality economic development, particularly as China addresses significant challenges during its reform journey. The Classified Reform of State-Owned Enterprises (CRSOE) is a strategic initiative by the Chinese government aimed at fostering this development. Our study leverages the implementation of the CRSOE as an exogenous shock, employing the difference-in-differences approach to assess the policy’s governance impact on ESG decoupling from the perspective of ownership heterogeneity. The policy was found to alleviate ESG decoupling, particularly pronounced among SOEs with special functions. The governance effect is achieved by reducing the aspiration–performance gap. Specifically, the policy effectively narrows the disparity between a company’s actual performance and the expected performance based on the industry average, thereby mitigating ESG decoupling. However, the policy’s impact can be weakened by factors such as political connections among executives and media attention. Furthermore, the CRSOE effectively addresses greenwashing practices within ESG decoupling, with a particularly strong effect on SOEs that fail to disclose ESG information in alignment with Global Reporting Initiative (GRI) standards. These findings highlight the importance of understanding the broader implications and underlying mechanisms of the policy. Therefore, building on the assessment of how the CRSOE policy impacts ESG decoupling, we also examine the mechanisms through which this policy operates and how its effectiveness varies under different conditions of heterogeneity. By extending the application of principal-agent theory and performance feedback theory, our research suggests that policymakers should prioritize market-driven reforms for fully competitive SOEs and promote a stronger emphasis on non-financial goals. Additionally, it is essential to mitigate the undue influence of political promotions on the management of all SOEs. Full article

The hospitality industry is a major segment of tourism, which is, in turn, a main economic contributor for many destinations. Sustainable tourism practices are promoted worldwide by international organizations like the United Nations World Tourism Organisation (UNWTO) to assist different countries. Various frameworks such as the Global Reporting Initiative (GRI), the Sustainable Development Goals (SDGs), United Nations Global Compact (UNGC), and environmental indices and management systems such as ISO 14001 are common assessment tools for environmental sustainability. This research reviews the relevance of incorporating environmental and socio-economic factors within hotel operations that may lead to improved transparency and operational effectiveness while guaranteeing adherence to sustainability within the hotel business. Accordingly, a systematic review of environmental sustainability assessments in hotels was carried out. A comprehensive analysis of research articles published between January 2000 and January 2023 by reputed databases ranging from Google Scholar, Scopus, and others, were used to conduct the literature review. A total of 38 papers were examined adhering to the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) standards, and it is worth noting that a significant increase in interest emerged in 2018, especially in Europe and Asia. The review reiterated the relevance and need to use relevant assessment methods and tools that aid in implementing sustainable development strategies to promote tourism-dependent economies, which can serve as a guiding note for varied tourism destinations. It additionally provides valuable knowledge for future directions, whilst improving research methods and incorporating innovative technologies. These advancements are essential as they may guide policy decisions to protect the environment within the hospitality industry. Full article

The primary objective of this study is to analyze the factors influencing the corporate sustainability performance disclosures of companies listed on the Bombay Stock Exchange (BSE) using the Global Reporting Initiative (GRI) G4 framework. This research is based on a sample of 434 firms listed on the BSE from 2017 to 2022. According to the content analysis method, the disclosure score of 434 non-financial companies is 79% (approximately), suggesting that, on an average, the sample companies have revealed 79% of the GRI-specified elements in their sustainability reports. The outcomes of the regression models indicate that profitability, firm size, innovation, board size, gender diversity, sustainability committee, and industry type are major drivers of corporate sustainability performance disclosure. Furthermore, research identified significant differences in the determinants of such practices between high-polluting and low-polluting companies. This research aims to elucidate the intricate dynamics affecting corporate sustainability performance by examining a diverse array of concerns. It employs meticulous data analysis to identify critical elements influencing sustainability disclosure. These findings may assist corporate managers, investors, policymakers, and stakeholders in comprehending the critical aspects to consider when formulating strategies that promote sustainability and enhance long-term value maximization. Full article