Corporate Social Responsibility and Environmental Management最新文献

{"title":"Navigating Corporate Greenwashing in the Carbon Era: Synergizing Internal Carbon Pricing, ESG Governance, and Regulatory Stringency to Advance Environmental Integrity","authors":"Uragiwenimana Anathole,&nbsp;Cheng Limei,&nbsp;Fadhila Hamza","doi":"10.1002/csr.70256","DOIUrl":"https://doi.org/10.1002/csr.70256","url":null,"abstract":"<div>\u0000 \u0000 <p>As climate change intensifies global sustainability demands, firms face growing pressure to demonstrate genuine environmental commitment. Internal Carbon Pricing (ICP) has emerged as a pivotal mechanism to internalize the cost of carbon emissions and align business strategies with climate goals. However, ICP embodies a dual function: it can operate as a strategic tool that drives substantive decarbonization or as a reputational device used symbolically to project environmental responsibility without meaningful change. This study examines how ICP influences corporate greenwashing and environmental performance across BRICS nations, incorporating the mediating role of ESG governance and the moderating effect of environmental regulatory stringency. Drawing on Institutional Theory and Stakeholder Theory, the research utilizes firm-level data from 2010 to 2023 and applies robust econometric instruments and instrumental variable techniques to explore direct, non-linear, mediating, and moderating relationships. The findings reveal that when ICP is strategically integrated into decision-making, it reduces greenwashing, whereas excessive or symbolic adoption, particularly in weak regulatory environments, amplifies it. Strong ESG governance enhances ICP's substantive application, while stringent environmental regulations reinforce its effectiveness, ensuring that ICP functions as a transformative rather than symbolic mechanism. The results also uncover heterogeneity across institutional settings, ownership structures, and industries. The study advances Institutional and Stakeholder Theory by demonstrating how internal governance mechanisms interact with external institutional pressures to shape the authenticity of corporate climate actions. Policymakers, investors, and ESG practitioners should strengthen governance and regulatory frameworks to ensure that ICP delivers measurable environmental integrity rather than reputational gains.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1794-1814"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147562819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"When Diversity Meets Family Owners: ESG Performance in European Publicly Listed Firms","authors":"Giorgia Maria D'Allura,&nbsp;Mariasole Bannò,&nbsp;Chiara Leggerini,&nbsp;Federica Romano","doi":"10.1002/csr.70264","DOIUrl":"https://doi.org/10.1002/csr.70264","url":null,"abstract":"<p>This study investigates how the interaction between board diversity and family as owners shapes firms' ESG performance. Prior research has established that board diversity fosters more informed, ethical, and stakeholder-oriented decision-making, thereby enhancing corporate legitimacy and responsiveness to diverse stakeholder expectations. Building upon this foundation, the present study advances the literature by incorporating the role of family ownership and involvement into this relationship. Drawing on Functionalist Theory and the socioemotional wealth (SEW) perspective, we conceptualize the family as a normative and institutional actor that embeds long-term orientation, intergenerational responsibility, and prosocial values into corporate governance structures and decision-making processes. Using a panel dataset of 1199 publicly listed European firms over a 10-year period, we confirm prior literature and find that greater board diversity is consistently associated with improved ESG performance. While family business status alone does not directly affect ESG performance, it significantly enhances the positive impact of board diversity, positioning families as institutional enablers. Furthermore, succession planning shows a positive relationship with ESG performance, indicating that structured intergenerational transitions promote ethical consistency and reinforce long-term strategic commitment. In general, our results show that family involvement in the ownership can make the link between diversity and sustainability stronger.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1912-1931"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70264","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563095","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does Institutional Ownership Structure Reduce Greenhouse Gas Emissions? An In-Depth Study of Corporations Social Responsibility of European-Listed Firms","authors":"Daniele Giordino,&nbsp;Elisa Ballesio,&nbsp;Aradhana Galgotia,&nbsp;Laura Broccardo","doi":"10.1002/csr.70219","DOIUrl":"https://doi.org/10.1002/csr.70219","url":null,"abstract":"<p>Motivated by the growing attention and concerns surrounding climate change and the potential role of institutional investors' ownership concentration (OC) in reducing corporations' greenhouse gas (GHG) emissions, this article explores the relationship between various forms of institutional ownership and firms' GHG emission intensity. To do so, the authors employ an extensive dataset of 628 European-listed corporations with observations from 2015 to 2022. This manuscript method consists of linear regression models. This study's empirical results underline the positive and significant effect financial institutions, pension funds, governments, and foreign institutional investors' OC have on companies' GHG emissions. On the other hand, the regression models present empirical evidence suggesting a negative and significant effect between cross holdings OC and firms' GHG emissions. Finally, the authors identify a negative and non-significant relationship between “other” institutional investors and organizations' GHG emissions. These findings are robust since the authors have conducted several regression analyses with different approaches and have addressed potential endogeneity bias. The present article makes significant contributions to the scholarly literature and regulatory practice underlying the active role corporate governance and institutional investors have in supporting a carbon-neutral future.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1856-1884"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70219","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Ngos' Contributions to Innovation: Innovation Enablers or Lead Innovators?","authors":"Maria Cristina Pietronudo,&nbsp;Lorenza Claudio,&nbsp;Chiara Cannavale,&nbsp;Marco Ferretti","doi":"10.1002/csr.70245","DOIUrl":"https://doi.org/10.1002/csr.70245","url":null,"abstract":"<p>This study explores how non-governmental organisations (NGOs) engage with innovation processes. Drawing on a comparative case study of two NGOs working in water sustainability, the paper analyses NGO involvement across seven stages of the innovation process. The findings reveal two distinct approaches to NGO involvement in innovation: innovation enablers, typically traditional NGOs that support innovation through collaboration and institutionalisation, and lead innovators, generally newer, more technically specialised NGOs capable of independently initiating and developing product-based solutions. This typology challenges prevailing assumptions that NGOs primarily play supportive roles, offering a new lens for understanding NGOs' contributions to innovation. The study advances the literature in innovation management, sustainable innovation, and political science, highlighting the need to reassess the capacities and roles of NGOs, particularly in light of growing environmental urgency and evolving expectations from global actors.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1594-1610"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70245","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147570303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Social Media Green Marketing: How Self-Monitoring Shapes Consumer Engagement and Eco-Purchase Intentions","authors":"So-Young Jung,&nbsp;Su-Yol Lee","doi":"10.1002/csr.70250","DOIUrl":"https://doi.org/10.1002/csr.70250","url":null,"abstract":"<p>Marketing scholars and practitioners are paying increasing attention to social media as a crucial tool for communicating firms' sustainable activities to consumers. This study examines how consumers perceive and engage with social media green marketing, and how their engagement influences their intentions to purchase green products and brands, focusing on self-monitoring and the distinction between corrective and cultivating green marketing types. The study draws on data from a large-scale experimental survey of 866 Korean consumers. First, corporate green marketing closely related to core business operations facilitates stronger consumer engagement; second, consumers with high self-monitoring tendencies are likely to engage with social media green marketing; third, consumer engagement influences consumer purchase intentions; and fourth, engagement partially mediates the relation between self-monitoring and purchase intentions. The findings underscore the central role of engagement as both a psychological mechanism and a behavioral outcome in digital green marketing contexts.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1757-1775"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70250","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147562580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Circular Economy, Short Food Supply Chain and Digitalisation Drive the Agri-Food Sector Transition Towards Environmental and Social Sustainability: A Literature Review","authors":"Elettra Bandi,&nbsp;Francesco Bavagnoli,&nbsp;Patrizia Tettamanzi","doi":"10.1002/csr.70261","DOIUrl":"https://doi.org/10.1002/csr.70261","url":null,"abstract":"<div>\u0000 \u0000 <p>The agri-food sector is facing increasing sustainability pressures owing to environmental and socioeconomic issues and regulatory efforts in the European context. Given this effervescent background and the growing interest of academia and players in this important industry, a systematic literature review was conducted to organise the contributions of researchers to sustainability business practises and processes, investigate current and emerging trends, and highlight possible directions for future studies. Short food supply chain (SFSC) and circular economy (CE) models have emerged as the main thematic findings and promising strategies for improving sustainability from both the environmental and social perspectives. Moreover, digitalisation, including IoT, blockchain, AI, and machine learning, is crucial for implementing SFSC and CE practises, and consequently, sustainability in the agri-food sector.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1700-1715"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147562670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"When Going Green Pays Off: How Green Factory Accreditation Influences Market Valuation","authors":"Tengjiao Wang,&nbsp;Yichao Liu,&nbsp;Wen Yue","doi":"10.1002/csr.70266","DOIUrl":"https://doi.org/10.1002/csr.70266","url":null,"abstract":"<div>\u0000 \u0000 <p>Accurately grasping the logic of corporate valuation and ensuring that stock prices revert to their fundamental levels constitutes a central mechanism through which capital markets fulfill their allocative function. In emerging markets characterized by pervasive information asymmetry and behavioral biases among investors, identifying policy instruments that can effectively enhance pricing efficiency is of particular importance. Using a panel of Chinese A-share listed firms from 2008 to 2023, this study employs a multi-period difference-in-differences (DID) framework to investigate how Green Factory certification influences stock mispricing. The results show that Green Factory certification significantly mitigates stock mispricing, and this finding remains robust across a series of validations—including parallel trend tests, placebo analyses, heterogeneous treatment effect estimations, and machine-learning-based robustness checks. Mechanism analysis reveals that the certification primarily operates through three channels: alleviating financing constraints, enhancing information transparency, and improving corporate governance. The effect is more pronounced among firms in heavily polluting industries, firms lacking political connections, and those with a lower share of institutional ownership. Furthermore, the certification not only offsets the adverse impact of policy uncertainty but also exerts an even stronger corrective influence on stock mispricing under such conditions. Overall, this paper uncovers the micro-level mechanism through which voluntary environmental regulation improves the pricing efficiency of capital markets and provides practical implications for optimizing and extending the Green Factory policy.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1932-1953"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Corporate Social Responsibility on Cost Stickiness in Companies Listed on Vietnam Stock Market","authors":"Nguyen Thi Phuong Hong,&nbsp;Nguyen Thuy Trang","doi":"10.1002/csr.70236","DOIUrl":"https://doi.org/10.1002/csr.70236","url":null,"abstract":"<div>\u0000 \u0000 <p>The objective of this study is to explore the relationship between corporate social responsibility (CSR) and cost stickiness in selling, general, and administrative (SG&amp;A) expenses of companies listed on the Vietnamese stock market. The research results demonstrate that CSR contributes to a higher degree of cost stickiness in SG&amp;A expenses when sales revenue changes. Moreover, economic CSR further contributes to increasing cost stickiness. In this study, CSR is measured based on the 2016 Global Reporting Initiative (GRI) standards. The authors used balanced data collected from 356 listed companies in the Vietnam stock market over 3 years from 2020 to 2022. We compared three models, including Pooled OLS, fixed effects model (FEM), and random effects model (REM), to identify the most suitable model. The research findings also indicate that despite economic challenges during the 2020–2022 period, Vietnamese firms maintained or continued to invest in CSR, as it is considered essential and not easily adjustable. This results in greater cost stickiness, as SG&amp;A expenses are more difficult to reduce when revenue declines than to increase during revenue growth. The study provides immediate and forward-looking recommendations to further examine the impacts of this issue, thereby supporting companies in implementing CSR commitments while ensuring reasonable cost flexibility and minimizing potential conflicts between short-term interests and long-term sustainable development objectives.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1573-1593"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147570302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Patterns and Drivers of Spanish Corporate Commitment to the UN Global Compact: A Quantitative Approach","authors":"Juan Laborda,&nbsp;Juan Pérez","doi":"10.1002/csr.70248","DOIUrl":"https://doi.org/10.1002/csr.70248","url":null,"abstract":"<p>This paper presents a quantitative assessment of Spanish companies' commitment to the United Nations Global Compact (UNGC) and the Sustainable Development Goals (SDGs). Analyzing over 1000 participating firms, we identify prioritization patterns and examine structural factors influencing SDG adherence. Our empirical strategy integrates descriptive statistics, chi-square tests, multiple correspondence analysis (MCA), ridge-regularized multinomial logistic regression, and unsupervised clustering (<i>K</i>-means and hierarchical). Results show strong heterogeneity but limited explanatory power of firm attributes once multicollinearity and sparse categories are controlled for. Only a regional effect in Navarre remains significant, while firms overwhelmingly prioritize social SDGs over environmental or economic goals. Clustering identifies three distinct sustainability profiles—transformational leaders, selective adopters, and compliance-driven laggards—illustrating both substantive and symbolic engagement. These findings highlight widespread SDG-washing and the need for stronger accountability under the EU Corporate Sustainability Reporting Directive (CSRD), contributing robust national evidence on corporate sustainability behaviour.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1611-1632"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.70248","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147570307","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How Did the Covid-19 Pandemic Change Consumer Behavior Regarding Sustainable Consumption? An Environmental Responsibility Perspective Across Cultures and Generations","authors":"Juraj Chebeň,&nbsp;Cui Yuting,&nbsp;Drahoslav Lančarič,&nbsp;Raphael Lissillour,&nbsp;Daniel Arias Aranda","doi":"10.1002/csr.70249","DOIUrl":"https://doi.org/10.1002/csr.70249","url":null,"abstract":"<div>\u0000 \u0000 <p>The Covid-19 pandemic made it essential to comprehensively understand how the crisis has altered consumer behavior and environmental responsibility across cultures and generations. To address this gap, we examine the role of environmental responsibility as a bridge between consumer awareness and sustainable practices, highlighting how the pandemic has catalyzed shifts in consumer attitudes across diverse cultural and generational contexts. We analyze 1773 questionnaires from seven countries using hierarchical regression and ANOVA. The results show that environmental responsibility (EV) mediates the relationship between changes in consumer awareness (CHA) and sustainable consumption behavior (SCB). Surprisingly, consumers in countries with traditionally lower environmental concerns, such as Hungary and Slovakia, exhibited a more substantial shift in SCB during the pandemic than some Western European counterparts. Generational cohorts also moderate key paths in the model. Using Hofstede's cultural dimensions, we show that power distance (positive), individualism (negative), and indulgence (negative) moderate the awareness-to-behavior link, while the awareness-to-responsibility step is culture-invariant. Our investigation into the effects of cultural and generational factors on sustainable behavior enriches the field of environmental psychology, emphasizing the complexity of fostering sustainability in the face of global challenges.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"33 2","pages":"1671-1699"},"PeriodicalIF":9.1,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147562579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}