Multivariate Analysis of Corporate Sustainability in Ecuador Through the Global Reporting Initiative (GRI) Methodology

Angie Catalina Bermeo Cevallos and Orlando Meneses Quelal ()
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Angie Catalina Bermeo Cevallos: School of Graduate Studies, Universidad Politécnica Estatal del Carchi, Tulcán 40101, Ecuador
Orlando Meneses Quelal: School of Graduate Studies, Universidad Politécnica Estatal del Carchi, Tulcán 40101, Ecuador

Sustainability, 2025, vol. 17, issue 21, 1-20

Abstract: This study examines corporate sustainability in Ecuador using the Global Reporting Initiative (GRI) methodology, considering 104 companies in the period 2018–2023. Using a quantitative and longitudinal approach, sectoral trends and the influence of regulations and incentives on the adoption of responsible practices were identified. The results show that companies prioritize the social component over economic and environmental ones, and that sectors with greater public exposure such as mining and manufacturing show greater progress compared to financial services and telecommunications. Statistical analysis reveals significant interrelationships between the three dimensions, confirming that performance in one drives the others. The main contribution of this work lies in offering a multivariate analysis that is unprecedented in the Ecuadorian context, which allows for an understanding of sectoral gaps and raises the need for differentiated public policies to promote more consistent sustainability reports that are aligned with the Sustainable Development Goals (SDGs).

Keywords: business sustainability; corporate responsibility; business strategies; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:17:y:2025:i:21:p:9580-:d:1781372

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