Value-enhancing drivers of corporate governance in improving human rights due diligence: Worldwide evidence

IF 8.3 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2024-10-17 DOI:10.1002/csr.3001

Riccardo Torelli, Simona Fiandrino, Francesco Scarpa

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引用次数: 0

Abstract

The study aims to investigate the role of corporate governance in driving effective human rights due diligence (HRDD) practises. The study tests the impact of corporate governance mechanisms on HRDD on an international sample of 509 listed companies operating in high-risk sectors included in the Corporate Human Rights Benchmark. Our findings show the positive effect of corporate governance on HRDD, suggesting that committed corporate governance, especially sustainability committee and board diversity, improves the effectiveness of HRDD carried out by companies. Our study contributes to the literature by providing insights into enhancement-based drivers of corporate governance, which positively impact HRDD. This research also has practical implications for companies because it can help them enhance their HRDD by establishing a sustainability committee or supporting gender diversity within the board. This research addresses social and policy implications considering the European directive on corporate sustainability due diligence directive (CSDDD), which mandates HRDD for large EU and non-EU companies.

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公司治理在改善人权尽职调查中的价值提升驱动因素：全球证据

该研究旨在调查公司治理在推动有效的人权尽职调查（HRDD）实践中的作用。本研究以509家高风险行业上市公司为样本，对公司治理机制对HRDD的影响进行了检验。我们的研究结果表明，公司治理对HRDD有积极的影响，表明承诺的公司治理，特别是可持续发展委员会和董事会多样性，提高了公司HRDD的有效性。我们的研究通过提供对公司治理的基于增强的驱动因素的见解，对HRDD产生了积极的影响，从而对文献做出了贡献。这项研究对公司也有实际意义，因为它可以帮助他们通过建立可持续发展委员会或支持董事会内的性别多样性来提高他们的HRDD。考虑到欧洲企业可持续发展尽职调查指令（CSDDD），本研究解决了社会和政策影响，该指令要求大型欧盟和非欧盟公司进行HRDD。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.