IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v31y2023i2p941-958.html
   My bibliography  Save this article

Translating the 2030 Agenda into reality through stakeholder engagement

Author

Listed:
  • Isabel‐María García‐Sánchez
  • Víctor Amor‐Esteban
  • Cristina Aibar‐Guzmán
  • Beatriz Aibar‐Guzmán

Abstract

This paper analyses the current state and the dynamic evolution of corporate transparency practices in relation to the 2030 Agenda in the context of stakeholder engagement. Considering six key stakeholder groups and 53 information items related to business actions aligned with the 2030 Agenda, data from 5908 companies worldwide corresponding to the period 2015–2019 are analysed by using X‐STATIS to identify which stakeholder groups have a meaningful role in fostering business contribution to the 2030 Agenda. The results show a low level of corporate transparency in relation to business contribution to the 2030 Agenda. Companies are mainly focused on transparency practices aimed at investors and shareholders. Conversely, customers and the environment are the less considered stakeholder groups. European countries are the leaders in this regard, whereas countries such as the United Arab Emirates and Qatar present the worst records in corporate transparency regarding the 2030 Agenda. The findings have a practical value by providing a picture of how companies use Sustainable Development Goal reporting to optimise relationships with key stakeholders.

Suggested Citation

  • Isabel‐María García‐Sánchez & Víctor Amor‐Esteban & Cristina Aibar‐Guzmán & Beatriz Aibar‐Guzmán, 2023. "Translating the 2030 Agenda into reality through stakeholder engagement," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 941-958, April.
    • Handle: RePEc:wly:sustdv:v:31:y:2023:i:2:p:941-958
    DOI: 10.1002/sd.2431
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.2431
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.2431?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Simone Pizzi & Francesco Rosati & Andrea Venturelli, 2021. "The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 404-421, January.
    2. Víctor Amor‐Esteban & Ma‐Purificación Galindo‐Villardón & Isabel‐María García‐Sánchez & Fátima David, 2019. "An extension of the industrial corporate social responsibility practices index: New information for stakeholder engagement under a multivariate approach," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 127-140, January.
    3. Jan Anton van Zanten & Rob van Tulder, 2021. "Analyzing companies' interactions with the Sustainable Development Goals through network analysis: Four corporate sustainability imperatives," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2396-2420, July.
    4. Dayana Jimenez & Isabel B. Franco & Tahlia Smith, 2021. "A Review of Corporate Purpose: An Approach to Actioning the Sustainable Development Goals (SDGs)," Sustainability, MDPI, vol. 13(7), pages 1-21, April.
    5. Pedro-José Martínez-Córdoba & Víctor Amor-Esteban & Bernardino Benito & Isabel-María García-Sánchez, 2021. "The Commitment of Spanish Local Governments to Sustainable Development Goal 11 from a Multivariate Perspective," Sustainability, MDPI, vol. 13(3), pages 1-15, January.
    6. Jan Anton van Zanten & Rob van Tulder, 2018. "Multinational enterprises and the Sustainable Development Goals: An institutional approach to corporate engagement," Journal of International Business Policy, Palgrave Macmillan, vol. 1(3), pages 208-233, December.
    7. Hannah Jun & Minseok Kim, 2021. "From Stakeholder Communication to Engagement for the Sustainable Development Goals (SDGs): A Case Study of LG Electronics," Sustainability, MDPI, vol. 13(15), pages 1-19, August.
    8. Maria Federica Izzo & Mirella Ciaburri & Riccardo Tiscini, 2020. "The Challenge of Sustainable Development Goal Reporting: The First Evidence from Italian Listed Companies," Sustainability, MDPI, vol. 12(8), pages 1-18, April.
    9. Francesco Rosati & Lourenço Galvão Diniz Faria, 2019. "Business contribution to the Sustainable Development Agenda: Organizational factors related to early adoption of SDG reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 588-597, May.
    10. Víctor Amor-Esteban & Mª-Purificación Galindo-Villardón & Fátima David, 2018. "Study of the Importance of National Identity in the Development of Corporate Social Responsibility Practices: A Multivariate Vision," Administrative Sciences, MDPI, vol. 8(3), pages 1-33, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. María Garrido-Ruso & Beatriz Aibar-Guzmán & Albertina Paula Monteiro, 2022. "Businesses’ Role in the Fulfillment of the 2030 Agenda: A Bibliometric Analysis," Sustainability, MDPI, vol. 14(14), pages 1-35, July.
    2. Isabel‐María García‐Sánchez & Beatriz Aibar‐Guzmán & Cristina Aibar‐Guzmán & Francisco‐Manuel Somohano‐Rodríguez, 2022. "The drivers of the integration of the sustainable development goals into the non‐financial information system: Individual and joint analysis of their influence," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(4), pages 513-524, August.
    3. Isabel‐María García‐Sánchez & Cristina Aibar‐Guzmán & Miriam Núñez‐Torrado & Beatriz Aibar‐Guzmán, 2022. "Are institutional investors “in love” with the sustainable development goals? Understanding the idyll in the case of governments and pension funds," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1099-1116, October.
    4. Iñaki Heras‐Saizarbitoria & Laida Urbieta & Olivier Boiral, 2022. "Organizations' engagement with sustainable development goals: From cherry‐picking to SDG‐washing?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 316-328, March.
    5. Jonathan Taglialatela & Kevin Pirazzi Maffiola & Roberto Barontini & Francesco Testa, 2023. "Board of Directors' characteristics and environmental SDGs adoption: an international study," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2490-2506, September.
    6. Marika Arena & Giovanni Azzone & Sara Ratti & Valeria Maria Urbano & Giovanni Vecchio, 2023. "Sustainable development goals and corporate reporting: An empirical investigation of the oil and gas industry," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 12-25, February.
    7. Francesca Manes‐Rossi & Giuseppe Nicolo', 2022. "Exploring sustainable development goals reporting practices: From symbolic to substantive approaches—Evidence from the energy sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1799-1815, September.
    8. Carmelo Reverte, 2022. "The importance of institutional differences among countries in SDGs achievement: A cross‐country empirical study," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1882-1899, December.
    9. Chiara Mio & Silvia Panfilo & Benedetta Blundo, 2020. "Sustainable development goals and the strategic role of business: A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3220-3245, December.
    10. Luis Fonseca & Vitor Silva & José Carlos Sá & Vanda Lima & Gilberto Santos & Rui Silva, 2022. "B Corp versus ISO 9001 and 14001 certifications: Aligned, or alternative paths, towards sustainable development?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 496-508, May.
    11. Kyoko Sasaki & Wendy Stubbs & Megan Farrelly, 2023. "The relationship between corporate purpose and the sustainable development goals in large Japanese companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2475-2489, September.
    12. Thomas A. Tsalis & Maria Terzaki & Dimitrios Koulouriotis & Konstantinos P. Tsagarakis & Ioannis E. Nikolaou, 2023. "The nexus of United Nations' 2030 Agenda and corporate sustainability reports," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 784-796, April.
    13. Addisu A. Lashitew, 2021. "Corporate uptake of the Sustainable Development Goals: Mere greenwashing or an advent of institutional change?," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 184-200, March.
    14. Ferran Curtó-Pagès & Enrique Ortega-Rivera & Marc Castellón-Durán & Eva Jané-Llopis, 2021. "Coming in from the Cold: A Longitudinal Analysis of SDG Reporting Practices by Spanish Listed Companies Since the Approval of the 2030 Agenda," Sustainability, MDPI, vol. 13(3), pages 1-27, January.
    15. Hoang, Thi Hong Van & Pham, Linh & Nguyen, Thanh Thi Phuong, 2023. "Does country sustainability improve firm ESG reporting transparency? The moderating role of firm industry and CSR engagement," Economic Modelling, Elsevier, vol. 125(C).
    16. Elsa Diez-Busto & Lidia Sanchez-Ruiz & Ana Fernandez-Laviada, 2021. "The B Corp Movement: A Systematic Literature Review," Sustainability, MDPI, vol. 13(5), pages 1-17, February.
    17. Jose Manuel Diaz‐Sarachaga, 2021. "Shortcomings in reporting contributions towards the sustainable development goals," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(4), pages 1299-1312, July.
    18. Manuela Lucchese & Ferdinando Di Carlo & Natalia Aversano & Giuseppe Sannino & Paolo Tartaglia Polcini, 2022. "Gender Reporting Guidelines in Italian Public Universities for Assessing SDG 5 in the International Context," Administrative Sciences, MDPI, vol. 12(2), pages 1-22, March.
    19. Ederson Jorge Melo das Chagas & José de Lima Albuquerque & Luiz Flávio Arreguy Maia Filho & Alessandra Carla Ceolin, 2022. "Sustainable development, disclosure to stakeholders and the Sustainable Development Goals: Evidence from Brazilian banks' non‐financial reports," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1975-1986, December.
    20. Smith, Hannah & Discetti, Roberta & Bellucci, Marco & Acuti, Diletta, 2022. "SMEs engagement with the Sustainable Development Goals: A power perspective," Journal of Business Research, Elsevier, vol. 149(C), pages 112-122.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:sustdv:v:31:y:2023:i:2:p:941-958. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.