Assessing the Drivers of Corporate Sustainability Performance Disclosures Using the Global Reporting Initiative (GRI) G4 Framework

Najul Laskar ()
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Najul Laskar: School of Management, IILM University, Knowledge Park 2, Greater Noida 201310, Uttar Pradesh, India

JRFM, 2024, vol. 17, issue 11, 1-21

Abstract: 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.

Keywords: corporate sustainability performance disclosure; content analysis; dynamic panel data model; GRI framework; India (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
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