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An extension of the industrial corporate social responsibility practices index: New information for stakeholder engagement under a multivariate approach

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  • Víctor Amor‐Esteban
  • Ma‐Purificación Galindo‐Villardón
  • Isabel‐María García‐Sánchez
  • Fátima David

Abstract

The aim of this paper is to extend the Industrial Corporate Social Responsibility Practices Index proposed for the 10 main industries in the 39 sectors of activity that comprise them. This extension will provide more detailed information on CSR practices at the industrial level, especially about sustainable development and environmental concerns. In addition, this paper stablishes an aggregate measure of industrial classification and mimetic typologies. It will tabulate the overall impact that the economic activity of a company has on society and environment. Thereby, the relationships between these indicators and the mimetic institutional forces are studied, testing these forces indicate that companies from sectors considered to have greater impact/risk have higher corporate social responsibility (CSR) scores than companies from other sectors. Additionally, using the MetaBiplot statistical multivariate technique, which by the comparison and integration of several subspaces provides a global view of sustainability at a sectoral level, it was found that the most polluting companies with the highest environmental risks—forestry and paper, mining, oil and gas producers, gas, water, and multi‐utilities, tobacco and electricity sectors—show their predilection for environmental policies and reports, human rights, and stakeholder participation. Moreover, the less polluting companies—banks, insurance, media, telecommunications, real state, and general retailers—are more intensive on staff and implement policies aimed at favoring: the personal and work‐life balance with systems for employee training and promotion; the equal opportunities and participation; the maintenance of good customer and supplier relations; and the fight to counteract bribery.

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  • 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.
    • Handle: RePEc:wly:corsem:v:26:y:2019:i:1:p:127-140
    DOI: 10.1002/csr.1665
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    2. Isabel-María García-Sánchez & Nicola Raimo & Víctor Amor-Esteban & Filippo Vitolla, 2023. "Board committees and non-financial information assurance services," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(1), pages 1-42, March.
    3. Pier Luigi Marchini & Tatiana Mazza & Alice Medioli, 2020. "Corruption and sustainable development: The impact on income shifting in European international groups," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 717-730, March.
    4. Anna Chwiłkowska-Kubala & Szymon Cyfert & Kamila Malewska & Katarzyna Mierzejewska & Witold Szumowski, 2021. "The Relationships among Social, Environmental, Economic CSR Practices and Digitalization in Polish Energy Companies," Energies, MDPI, vol. 14(22), pages 1-20, November.
    5. Maurizio Massaro & Carlo Bagnoli & Francesca Dal Mas, 2020. "The role of human sustainability in professional service firms. Evidence from Italy," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2668-2678, September.
    6. Svobodova, Kamila & Vojar, Jiri & Yellishetty, Mohan & Janeckova Molnarova, Kristina, 2020. "A multi-component approach to conceptualizing the reputation of the mining industry from a stakeholder perspective," Resources Policy, Elsevier, vol. 68(C).
    7. Mark Anthony Camilleri & Ciro Troise & Serena Strazzullo & Stefano Bresciani, 2023. "Creating shared value through open innovation approaches: Opportunities and challenges for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4485-4502, November.
    8. 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.
    9. Fabricio Stocker & Michelle P. de Arruda & Keysa M. C. de Mascena & João M. G. Boaventura, 2020. "Stakeholder engagement in sustainability reporting: A classification model," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2071-2080, September.
    10. 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.
    11. Lenka Veselovská & Ján Závadský & Zuzana Závadská, 2020. "Mitigating bribery risks to strengthen the corporate social responsibility in accordance with the ISO 37001," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1972-1988, July.
    12. Giovanni Zampone & Giuseppe Sannino & Isabel‐María García‐Sánchez, 2023. "Exploring the moderating effects of corporate social responsibility performance under mimetic pressures. An international analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 53-65, January.

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