Nexus between corporate sustainable practices and sustainable development goals: Indian evidence

Santi Gopal Maji and Archana Haloi

International Journal of Law and Management, 2024, vol. 68, issue 3, 405-428

Abstract: PurposeThe purpose of this study is to explore the disclosure of sustainable development goals (SDGs) by Indian firms and to examine the association between sustainable business practices and the disclosure of SDGs.Design/methodology/approachThe study is based on large Indian non-financial firms listed in Bombay Stock Exchange 200 for six years from 2016–2017 to 2021–2022. Sustainable business practices are measured using four important indicators - the quality of sustainability discourse, compliance with Global Reporting Initiative guidelines, adoption of the guidelines of the International Integrated Reporting Council and external assurance of published reports. Content analysis is used to compute the disclosure score of SDGs and corporate sustainability performance. The authors have used a fixed effects regression model followed by Tobit model and two-stage least square model to examine the association between sustainable business practices and the disclosure of SDGs.FindingsThe results indicate an increasing trend of disclosure of SDGs by Indian firms. The empirical findings suggest a positive impact of sustainable business practices on the SDGs disclosure after controlling for firm-specific and corporate governance variables. Among the components of corporate sustainability, social and environmental factors positively influence the SDGs.Originality/valueThe study is a noble attempt to enrich the extant literature by providing empirical evidence on the association between sustainable business practices and disclosure of SDGs considering four important indicators of sustainable practices. The findings are useful for theoretical and practical implications.

Keywords: Corporate sustainability; GRI compliance; Integrated reporting; External assurance; SDGs (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijlmap:ijlma-09-2024-0348

DOI: 10.1108/IJLMA-09-2024-0348

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