Business Strategy and The Environment最新文献_第7页

Do Corporate Governance Mechanisms Help to Reduce Carbon Emissions? Some Empirical Evidence on Listed Companies in France, Germany, the United Kingdom, and Japan 公司治理机制是否有助于减少碳排放？法国、德国、英国和日本上市公司的实证研究

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-26 DOI: 10.1002/bse.4332

Cécile Cezanne, Gaye Del Lo, Yves Kassi, Sandra Rigot

引用次数: 0

Remodelling Fashion: Climate Governance and the Sustainable Energy Transition 重塑时尚：气候治理与可持续能源转型

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-24 DOI: 10.1002/bse.4364

Isabel‐María García‐Sánchez, Rizwan Ali, Saudi‐Yulieth Enciso‐Alfaro, Ramiz ur Rehman

{"title":"Remodelling Fashion: Climate Governance and the Sustainable Energy Transition","authors":"Isabel‐María García‐Sánchez, Rizwan Ali, Saudi‐Yulieth Enciso‐Alfaro, Ramiz ur Rehman","doi":"10.1002/bse.4364","DOIUrl":"https://doi.org/10.1002/bse.4364","url":null,"abstract":"The ecological footprint of multinational corporations (MNCs) is a global issue that demands immediate attention. In particular, the impact of the fashion industry has garnered significant concern, as it alone is responsible for approximately 10% of global carbon emissions. Consequently, the adoption of responsible environmental initiatives such as the transition to sustainable energy could play a critical role in mitigating its harmful effects on the ecosystem. In this context, climate governance serves as a key indicator of companies' commitment and performance regarding their climate impact, and it is an essential factor in reducing associated risks, enhancing sustainability and seizing climate opportunities. So, the fashion industry is one of the top contributors to global environmental degradation, yet climate governance within this sector remains insufficiently examined. In this context, the aim of this study is to examine the role that the climate governance of fashion multinationals plays in the adoption of more sustainable and efficient energy models. To address our research question, we analysed the corporate practices of the top 150 MNCs over the period 2016–2022, using dependency models. Our findings show that climate governance structures in the fashion industry favour the use of renewable energy and the investment in various energy efficiency projects to facilitate the transition towards a more responsible energy model. Thus, we identify the significant role of governance in promoting climate action in this sector. Furthermore, our evidence indicates that organisational structures, such as the dedicated environmental management team and the CSR committee at board level, have a significant impact on sustainable energy practices.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"143 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144133689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Climate on the Agenda: How Board Composition Drives Climate Change Disclosure in European Banks 气候议题：董事会构成如何推动欧洲银行气候变化信息披露

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-24 DOI: 10.1002/bse.4366

Nicola Raimo, Ilenia Fraccalvieri, Filippo Vitolla, Candida Bussoli

{"title":"Climate on the Agenda: How Board Composition Drives Climate Change Disclosure in European Banks","authors":"Nicola Raimo, Ilenia Fraccalvieri, Filippo Vitolla, Candida Bussoli","doi":"10.1002/bse.4366","DOIUrl":"https://doi.org/10.1002/bse.4366","url":null,"abstract":"Climate change demands immediate and coordinated action from individuals, governments, and companies. Companies, in particular, play a pivotal role in mitigating climate risks and reducing environmental impacts by adopting sustainable practices that extend beyond regulatory compliance. This responsibility is not confined to high‐emission industries; service sectors, including financial institutions, also play a crucial role. Banks are uniquely positioned to address climate change by managing the carbon footprint of their operations and evaluating the environmental impacts of their loan portfolios and financial activities. The urgency of climate change has underscored the importance of transparent communication by banks regarding climate‐related information. While climate change disclosure (CCD) has garnered significant academic interest, research on its determinants in the banking sector remains limited. This study aims to fill this gap by examining the level of CCD among European banks and identifying the factors influencing the dissemination of such information through their official websites. In particular, drawing on agency theory, it investigates the role of board characteristics in shaping CCD practices. The findings, based on an econometric analysis conducted on a sample of 107 publicly listed European banks, reveal that board expertise, gender diversity, and size positively influence the level of CCD, whereas board independence has no significant effect. These results underscore the critical role of governance structures in fostering transparency and accountability in climate‐related matters.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"83 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144133699","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

From Challenges to Impact: Drivers, Barriers, and Shared Resources in Sustainability‐Oriented Corporate‐Startup Alliances 从挑战到影响：以可持续发展为导向的企业创业联盟中的驱动因素、障碍和资源共享

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-23 DOI: 10.1002/bse.4341

Tomas Santa‐Maria, Nicole Dougnac, Leandro J. Llorente‐González, Martin Geissdoerfer

{"title":"From Challenges to Impact: Drivers, Barriers, and Shared Resources in Sustainability‐Oriented Corporate‐Startup Alliances","authors":"Tomas Santa‐Maria, Nicole Dougnac, Leandro J. Llorente‐González, Martin Geissdoerfer","doi":"10.1002/bse.4341","DOIUrl":"https://doi.org/10.1002/bse.4341","url":null,"abstract":"Despite the growing importance of corporate sustainability, research on strategic alliances between corporations and sustainable startups remains limited. While corporations struggle with implementing radical sustainability‐oriented innovation, sustainable startups face challenges in scaling and validation. Given their complementary resources, partnerships between these entities offer significant potential to accelerate sustainable transitions. However, existing literature has largely overlooked the distinct drivers, barriers, and shared resources that characterize sustainability‐oriented corporate‐startup alliances, focusing instead on conventional or digital‐oriented collaborations. This study addresses this gap through a multiple case study of eight sustainability‐driven corporate‐startup partnerships in Chile. Using a grounded theory approach, we identify 21 drivers, 14 barriers, and 10 shared resource types, revealing the dual role of resource acquisition and legitimacy‐building in fostering sustainable collaborations. Our findings offer new theoretical insights and practical recommendations for enhancing the success of sustainability‐oriented alliances.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"56 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144133722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Navigating Sustainability Practice in Publicly Listed Family Firms: The U‐Shaped Impact of Family Ownership and the Moderating Role of MBA Leadership 引导上市家族企业的可持续发展实践：家族所有权的U形影响和MBA领导的调节作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-23 DOI: 10.1002/bse.4359

Yoonjeoung Heo, Anna Pak

{"title":"Navigating Sustainability Practice in Publicly Listed Family Firms: The U‐Shaped Impact of Family Ownership and the Moderating Role of MBA Leadership","authors":"Yoonjeoung Heo, Anna Pak","doi":"10.1002/bse.4359","DOIUrl":"https://doi.org/10.1002/bse.4359","url":null,"abstract":"This study examines how family ownership influences sustainability practices in publicly listed firms by focusing on tensions between two socioemotional wealth (SEW) priorities: control preservation and reputation enhancement. Although family ownership is associated with distinctive sustainability behaviors, findings remain mixed due to conflicting SEW motivations. Using data from publicly listed firms in Korea, we find that family firms generally engage less in sustainability practices than nonfamily firms. However, this negative effect weakens at moderate ownership levels and reverses at high levels, suggesting a shift from control‐driven conservatism to reputation‐driven engagement. Additionally, we show that MBA‐educated executives on the board moderate this curvilinear relationship by balancing SEW priorities—reducing underinvestment at low ownership and curbing overinvestment at high ownership levels. Our findings contribute to the literature by identifying the conditions under which family ownership promotes or impedes sustainability efforts and by underscoring the critical role of board members' cognitive attributes in navigating SEW tensions within publicly listed family firms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"33 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144133716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Female Directors, Family Firms, Climate Talk and Climate Walk: European Evidence 女性董事、家族企业、气候对话和气候漫步：欧洲证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-22 DOI: 10.1002/bse.4348

Niklas Bergmann, Patrick Velte, Ignacio Requejo

{"title":"Female Directors, Family Firms, Climate Talk and Climate Walk: European Evidence","authors":"Niklas Bergmann, Patrick Velte, Ignacio Requejo","doi":"10.1002/bse.4348","DOIUrl":"https://doi.org/10.1002/bse.4348","url":null,"abstract":"Growing attention is attributed to symbolic and substantive climate efforts, labelled as climate talk and walk. Focusing on the European capital market, we study the relationship between board gender diversity, family ownership and different levels of corporate climate activities along the continuum from climate talk to climate walk. Using emission reduction target data from the Carbon Disclosure Project (CDP), we conduct various panel regression analyses and propose several additional robustness tests. Our results extend prior research on carbon performance and reporting by providing novel insights into how firms translate their climate ambitions into actionable targets and how they subsequently deliver on those targets. This study stresses that firms with gender‐diverse boards engage more in symbolic climate talk but not in substantive climate walk. Empirical evidence on the family ownership impact is mixed. Overall, family ownership tends to exhibit a negative association with climate actions, although the effect depends on the ownership concentration threshold and varies with family management. Our results also indicate that female directors mitigate the negative direct consequences of family ownership for climate actions. Our study contributes to the ongoing discourse regarding symbolic and substantive climate efforts among European businesses and sheds light on the particular role of different corporate governance mechanisms for attaining international climate objectives. As climate‐related regulatory initiatives unfold rapidly, the results are highly relevant to European firms, their stakeholders and regulators. In terms of their practical application, our results may inform the pending ‘omnibus’ proposals to revise European sustainability legislation while also helping firms to reflect on their governance structures in line with climate needs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"71 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144133717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How Do Institutional Pressures Reshape the Association Between Corporate Sustainability Disclosure and Firm Value in Emerging Economies? The Moderating Role of the Audit Committee Function 制度压力如何重塑新兴经济体企业可持续性信息披露与企业价值之间的关系？审计委员会职能的调节作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-20 DOI: 10.1002/bse.4340

Mohannad Issa Elmanaseer, Ali Meftah Gerged

{"title":"How Do Institutional Pressures Reshape the Association Between Corporate Sustainability Disclosure and Firm Value in Emerging Economies? The Moderating Role of the Audit Committee Function","authors":"Mohannad Issa Elmanaseer, Ali Meftah Gerged","doi":"10.1002/bse.4340","DOIUrl":"https://doi.org/10.1002/bse.4340","url":null,"abstract":"This study examines the influence of normative (e.g., voluntary sustainability reporting guidelines) and coercive (e.g., mandatory corporate governance [CG] requirements) pressures on the relationship between corporate sustainability disclosure (CSD) and financial performance (FP), focusing on the moderating role of audit committee characteristics. Using 1863 firm‐year observations from 207 companies listed and unlisted on the Amman Stock Exchange (2014–2022), the study employs panel quantile regression and two‐stage PQR to address endogeneity issues. Results show that CSD adoption increased after the 2018 sustainability guidelines, positively affecting FP. Audit committee size and independence strengthen the CSD–FP link, particularly after the 2017 CG reforms, indicating coercive pressures' role in enhancing governance. However, frequent audit committee meetings and technical expertise may weaken the CSD–FP relationship. The study emphasizes governance frameworks shaped by normative and coercive pressures as key to maximizing the financial benefits of sustainability disclosures for firms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"41 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144104106","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Dynamic Knowledge Management Capabilities for Successful Product Eco‐Innovation 成功产品生态创新的动态知识管理能力

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-20 DOI: 10.1002/bse.4354

José Rabal Conesa, Daniel Jiménez Jiménez, Micaela Martínez Costa

{"title":"Dynamic Knowledge Management Capabilities for Successful Product Eco‐Innovation","authors":"José Rabal Conesa, Daniel Jiménez Jiménez, Micaela Martínez Costa","doi":"10.1002/bse.4354","DOIUrl":"https://doi.org/10.1002/bse.4354","url":null,"abstract":"This study explores how dynamic capabilities—specifically knowledge management, knowledge capacity, agility, information capabilities and resilience—support successful eco‐innovation in product development. Grounded on the dynamic capability framework, the research introduces the IKARG model (Information, Knowledge Management, Agility, Resilience, and Green Innovation), analysing its application in a quantitative study of 260 industrial firms. Structural equation modelling (SEM) reveals that knowledge‐based dynamic capabilities significantly enhance organisational resilience and agility, both of which positively impact green product success. Findings underscore the importance of agile and resilient knowledge management systems in responding effectively to environmental and market changes, thus fostering sustainable competitive advantage. This study contributes to literature by offering empirical evidence and a novel integrative model that connects dynamic capabilities to eco‐innovation. Practical implications highlight the need for businesses to invest in knowledge management and digital infrastructure to enhance adaptability and sustainability. Future research should examine the IKARG model across diverse sectors and explore the potential of emerging technologies to amplify agility and eco‐innovation.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"96 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144104103","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Evaluating the Influence of Board Characteristics on Environmental Decoupling: Evidence From Europe 评估董事会特征对环境脱钩的影响：来自欧洲的证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-19 DOI: 10.1002/bse.4350

Sabrina Pisano, Luigi Lepore, Raffaela Nastari, Bakr Al‐Gamrh

{"title":"Evaluating the Influence of Board Characteristics on Environmental Decoupling: Evidence From Europe","authors":"Sabrina Pisano, Luigi Lepore, Raffaela Nastari, Bakr Al‐Gamrh","doi":"10.1002/bse.4350","DOIUrl":"https://doi.org/10.1002/bse.4350","url":null,"abstract":"This study investigates the relationship between corporate governance characteristics and environmental decoupling, that is, the misalignment between environmental disclosure and environmental performance. We analyze a sample of 728 European companies (3061 firm‐year observations) belonging to 18 industries and 20 different countries from 2017 to 2023. The results show that companies tend not to disclose all the environmental actions implemented, indicating underreporting behavior. The results also reveal that board independence, board gender diversity, and the presence of a CSR committee mostly foster a reduction in environmental decoupling. Furthermore, these corporate governance characteristics are also found to be effective mechanisms in enhancing companies' environmental performance. However, only the presence of a CSR committee has a strong positive effect on the quantity of environmental information disclosed. Although companies tend to underreport environmental data, the level of environmental decoupling decreased in 2023, demonstrating that the introduction of more stringent requirements for environmental disclosure (i.e., the Corporate Sustainability Reporting Directive 2022/2464/EU) could promote better alignment between sustainability disclosure and performance. The findings provide important recommendations for companies, regulators, and standard setters on how to design and configure the board of directors to align environmental disclosure and performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"67 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144096857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Life Cycle Sustainability Assessment Integrated Data‐Driven Methodological Framework for Sustainable Supplier Selection 生命周期可持续性评估集成数据驱动的可持续供应商选择方法框架

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-19 DOI: 10.1002/bse.4356

Ankit Kumrawat, Seema Unnikrishnan

{"title":"Life Cycle Sustainability Assessment Integrated Data‐Driven Methodological Framework for Sustainable Supplier Selection","authors":"Ankit Kumrawat, Seema Unnikrishnan","doi":"10.1002/bse.4356","DOIUrl":"https://doi.org/10.1002/bse.4356","url":null,"abstract":"With the growing importance of sustainable supply chain management, businesses are actively looking for sustainable suppliers that consider all sustainability dimensions. This study aims to demonstrate a data‐driven methodological framework for sustainable supplier selection (SSS). The research proposes a three‐stage, data‐driven approach for SSS. The first stage involves using the life cycle sustainability assessment (LCSA) methodology. The second stage involves determining the weights of each category by using criteria importance through inter‐criteria correlation (CRITIC). Finally, the multi‐attributive border approximation area comparison (MABAC) method is utilized to assess the performance of different suppliers and identify the most sustainable supplier. This study emphasizes relying on a data‐driven approach rather than solely depending on experts' opinions and judgments. Moreover, this study demonstrates the significance of research methodology with prioritization considering industry‐specific relevant categories. This proposed framework will assist professionals and decision‐makers in making informed decisions regarding sustainable suppliers.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"121 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144096858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0