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Corporate stakeholder responsiveness? Exploring the state and quality of GRI‐based stakeholder engagement disclosures of European firms

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  • Lars Moratis
  • Satu Brandt

Abstract

Stakeholder engagement (SE) is recognized as a key process to align firm and stakeholder interests and to identify material content for sustainability reporting (SR). Research on SE quality in an SR context has, however, been largely neglected. This paper investigates the current state and quality of SE within SR within a sample of 55 sustainability reports issued by European firms that used the new Global Reporting Initiative's G4 Guidelines. It will focus on why, how, and with whom firms are involved in SE based on an SE disclosures analysis framework and investigate the extent to which reporting maturity influences the state of SE disclosures and SE quality. While SE seems common practice, many firms are failing to provide full disclosure on how stakeholders have been engaged in defining report content. Less than half of the studied reports contained clear disclosures on how firms had responded to stakeholder concerns. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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  • Lars Moratis & Satu Brandt, 2017. "Corporate stakeholder responsiveness? Exploring the state and quality of GRI‐based stakeholder engagement disclosures of European firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(4), pages 312-325, July.
    • Handle: RePEc:wly:corsem:v:24:y:2017:i:4:p:312-325
    DOI: 10.1002/csr.1408
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    19. Anne Bridget Lane & Bree Devin, 2018. "Operationalizing Stakeholder Engagement in CSR: A Process Approach," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(3), pages 267-280, May.
    20. Anne Elizabeth Fordham & Guy M. Robinson, 2018. "Mapping meanings of corporate social responsibility – an Australian case study," International Journal of Corporate Social Responsibility, Springer, vol. 3(1), pages 1-20, December.
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    22. Anne Elizabeth Fordham & Guy M. Robinson, 2018. "Mechanisms of change: Stakeholder Engagement in the Australian Resource Sector through CSR," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 674-689, July.
    23. Simona Cosma & Rossella Leopizzi & Simone Pizzi & Mario Turco, 2021. "The stakeholder engagement in the European banks: Regulation versus governance. What changes after the NF directive?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(3), pages 1091-1103, May.

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