The presence and composition of sustainability committee and waste management practices

Ammar Gull (), Mariela Carvajal, Muhammad Atif and Muhammad Nadeem

International Review of Financial Analysis, 2024, vol. 93, issue C

Abstract: Motivated by the recent surge in scholarly enquiries into the role of sustainability committees in corporate social responsibility, this study investigates the relevance of sustainability committees' presence and composition to waste management practices, which is still unknown in the literature. Based on a panel of firms listed in 42 countries from 2002 to 2019, we document a positively significant (insignificant) relationship between the presence of a sustainability committee and waste generation (waste recycling). In terms of the composition, we find that firms with large committee size and gender diversity (committee tenure and independence) generate less (more) waste. Our analysis also indicates that firms with gender-diverse committees are more likely to recycle their waste. Our findings are robust to alternative estimation techniques and variable specifications, sub-sample analyses, and different identification strategies. This study provides new insights into the structure of the sustainability committee and informs stakeholders and regulators about impression management by firms across countries.

Keywords: Sustainability committee; Waste management; Waste recycling; Sustainability committee composition (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1057521924000437
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:93:y:2024:i:c:s1057521924000437

DOI: 10.1016/j.irfa.2024.103111

Access Statistics for this article

International Review of Financial Analysis is currently edited by B.M. Lucey

More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu ().