Do Board’s Corporate Social Responsibility Strategy and Orientation Influence Environmental Sustainability Disclosure? UK Evidence

Helfaya, A. and Moussa, T. 2017. Do Board’s Corporate Social Responsibility Strategy and Orientation Influence Environmental Sustainability Disclosure? UK Evidence. Business Strategy and The Environment. 26 (8), pp. 1061-1077. doi:10.1002/bse.1960

TitleDo Board’s Corporate Social Responsibility Strategy and Orientation Influence Environmental Sustainability Disclosure? UK Evidence
AuthorsHelfaya, A. and Moussa, T.
Abstract

The environmental implications of corporate economic activities have led to growing demands for firms and their boards to adopt sustainable strategies and to disseminate more useful information about their activities and impacts on environment. This paper investigates the impact of board’s corporate social responsibility (CSR) strategy and orientation on the quantity and quality of environmental sustainability disclosure in UK listed firms. We find that effective board CSR strategy and CSR-oriented directors have a positive and significant impact on the quality of environmental sustainability disclosure, but not on the quantity. Our findings also suggest that the existence of a CSR committee and issuance of a stand-alone CSR report are positively and significantly related to environmental sustainability disclosure. When we distinguish between firms with high and low environmental risk, we find that the board CSR/sustainability practices that affect the quantity (quality) of environmental sustainability disclosure appear to be driven more by highly (lowly) environmentally sensitive firms. These results suggest that the board CSR/sustainability practices play an important role in ensuring a firm’s legitimacy and accountability towards stakeholders. Our findings shed new light on this under-researched area and could be of interest to companies, policy-makers and other stakeholders.

KeywordsEnvironmental sustainability disclosure; board’s corporate social responsibility strategy; board’s corporate social responsibility orientation; corporate social responsibility committee; UK
Article numberBSE-16-0160
JournalBusiness Strategy and The Environment
Journal citation26 (8), pp. 1061-1077
ISSN0964-4733
Year2017
PublisherWiley
Accepted author manuscriptDo board CSR strategy and orientation influence ESD- UK evidence.pdf
Digital Object Identifier (DOI)doi:10.1002/bse.1960
Publication dates
Published online19 Apr 2017
Published19 Apr 2017

Related outputs

Can board environmental orientation improve US firms’ carbon performance? The mediating role of carbon strategy
Moussa, T., Allam, A., Elbanna, S. and Bani-Mustafa, A. 2019. Can board environmental orientation improve US firms’ carbon performance? The mediating role of carbon strategy. Business Strategy and The Environment. Advanced online publication. doi:10.1002/bse.2351

Can board environmental orientation improve US firms’ carbon performance? The mediating role of carbon strategy
Moussa, T., Allam, A., Elbanna, S. and Bani-Mustafa, A. 2019. Can board environmental orientation improve US firms’ carbon performance? The mediating role of carbon strategy. Business Strategy and The Environment. Advanced online publication. doi:10.1002/bse.2351

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