TY - JOUR
T1 - The engagement of stakeholders in nonfinancial reporting
T2 - New information-pressure, stimuli, inertia, under short-termism in the banking industry
AU - Campra, Maura
AU - Esposito, Paolo
AU - Lombardi, Rosa
N1 - Publisher Copyright:
© 2020 John Wiley & Sons, Ltd and ERP Environment
PY - 2020/5/1
Y1 - 2020/5/1
N2 - In the past few years, nonfinancial reporting has been a widely debated issue in literature, not the least because of its importance during times in which topics such as climate change and social transformations have become strategic issues particularly for larger companies. Recent regulatory changes within the European legal framework have marked the transition from a voluntary nonfinancial reporting system to a mandatory one for larger companies. Unlike the case of manufacturing companies, the debate surrounding the application of CSR policies in the banking industry has not been as univocal. Taking into account a case study, we how such pressure is neither strictly positive nor negative, but it can rather be defined as a stimulating inertia, able to indicate prompt and sure strategic directions for the Company, to be pursued in a sustainable manner. This will need the implementation of internationally acknowledged policies and procedures regulating the interactions between the Company and its stakeholders.
AB - In the past few years, nonfinancial reporting has been a widely debated issue in literature, not the least because of its importance during times in which topics such as climate change and social transformations have become strategic issues particularly for larger companies. Recent regulatory changes within the European legal framework have marked the transition from a voluntary nonfinancial reporting system to a mandatory one for larger companies. Unlike the case of manufacturing companies, the debate surrounding the application of CSR policies in the banking industry has not been as univocal. Taking into account a case study, we how such pressure is neither strictly positive nor negative, but it can rather be defined as a stimulating inertia, able to indicate prompt and sure strategic directions for the Company, to be pursued in a sustainable manner. This will need the implementation of internationally acknowledged policies and procedures regulating the interactions between the Company and its stakeholders.
KW - banking sector
KW - corporate social responsibility
KW - nonfinancial reporting
KW - short-termism
KW - stakeholder engagement
KW - sustainable development
UR - http://www.scopus.com/inward/record.url?scp=85077881148&partnerID=8YFLogxK
U2 - 10.1002/csr.1896
DO - 10.1002/csr.1896
M3 - Article
SN - 1535-3958
VL - 27
SP - 1436
EP - 1444
JO - Corporate Social Responsibility and Environmental Management
JF - Corporate Social Responsibility and Environmental Management
IS - 3
ER -