On the effectiveness of private transnational governance regimes - evaluating corporate sustainability reporting according to the Global Reporting Initiative

Barkemeyer, Ralf, Preuss, Lutz and Lee, Lindsay (2015) On the effectiveness of private transnational governance regimes - evaluating corporate sustainability reporting according to the Global Reporting Initiative. Journal of World Business, 50 (2). pp. 312-325. ISSN 1090-9516

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Abstract

The increasing involvement of multinational enterprises (MNEs) in global governance has been both applauded for its potential to make governance more effective and criticized for lacking democratic legitimization. Hence we investigate the effectiveness of one transnational governance regime, corporate sustainability reporting according to the Global Reporting Initiative (GRI). We found that the GRI has been successful in terms of output effectiveness by promoting the dissemination of sustainability reporting, in particular among Asian and South American companies. However, the outcome effectiveness of the GRI is limited as reporting showed a rather uniform content across countries and sectors which does not reflect materiality considerations. As GRI reporting does not seem to have facilitated greater company–stakeholder interaction, its impact effectiveness is likely to be limited too.

Item Type: Article
Keywords: Corporate social responsibility, Global governance, Global Reporting Initiative, Governance effectiveness, Nonmarket strategy, Sustainability reporting
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences
Depositing User: Tahir Beydola
Date Deposited: 22 Sep 2016 11:55
Last Modified: 15 Mar 2017 22:14
URI: http://sro.sussex.ac.uk/id/eprint/63479

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