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dc.contributor.authorCamilleri, Mark Anthony
dc.contributor.editorAdams, Carol
dc.date.accessioned2016-05-12T07:15:52Z
dc.date.available2016-05-12T07:15:52Z
dc.date.issued2015-03-01
dc.identifier.citationSustainability Accounting, Management and Policy Journal. 2015, Vol.6(2), p. 224-242en_GB
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/10464
dc.description.abstractPurpose – The purpose of this paper is to shed light on the European Union’s (EU) latest regulatory principles for environmental, social and governance (ESG) disclosures. It explains how some of the EU’s member states are ratifying the EU Commission’s directives on ESG reporting by introducing intelligent, substantive and reflexive regulations. Design/methodology/approach – Following a review of EU publications and relevant theoretical underpinnings, this paper reports on the EU member states’ national policies for ESG reporting and disclosures. Findings – The EU has recently revised a number of tools and instruments for the reporting of financial and non-financial information, including the EU’s modernisation directive, the EU’s directive on the disclosure of non-financial and diversity information, the EU Energy Efficiency Directive, the European pollutant release and transfer register, the EU emission trading scheme, the integrated pollution prevention and control directive, among others. Practical implications – Although all member states are transposing these new EU directives, to date, there are no specific requirements in relation to the type of non-financial indicators that can be included in annual reports. Moreover, there is a need for further empirical evidence that analyse how these regulations may (or may not) affect government entities and big corporations. Social implications – Several EU countries are integrating reporting frameworks that require the engagement of relevant stakeholders (including shareholders) to foster a constructive environment that may lead to continuous improvements in ESG disclosures. Originality/value – EU countries are opting for a mix of voluntary and mandatory measures that improve ESG disclosures in their respective jurisdictions. This contribution indicates that there is scope for national governments to give further guidance to civil society and corporate business to comply with the latest EU developments in ESG reporting. When European entities respond to regulatory pressures, they are also addressing ESG and economic deficits for the benefit of all stakeholders.en_GB
dc.language.isoenen_GB
dc.publisherEmeralden_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectSocial responsibility of business -- European Union countriesen_GB
dc.subjectSustainabilityen_GB
dc.subjectCorporate governance -- European Union countriesen_GB
dc.titleEnvironmental, social and governance disclosures in Europeen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.identifier.doi10.1108/SAMPJ-10-2014-0065
Appears in Collections:Scholarly Works - FacMKSCC

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