Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?

Good sustainability decisions depend on how companies respond to wide-ranging exposure to exogenous and endogenous pressures. The purpose of the article was to determine whether companies in different industries respond differently to stakeholders’ pressures when prioritising Environmental, Social a...

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Autores principales:	Rendani Mavis Matakanye, Huibrecht Margaretha van der Poll, Binganidzo Muchara
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	sustainable development sustainability performance (SP) sustainability reporting (SR) environmental, social and governance (ESG) ESG disclosure greenwashing Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/f3e05204d8a4421bae9906c2bff6252a
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spelling	oai:doaj.org-article:f3e05204d8a4421bae9906c2bff6252a2021-11-11T19:41:00ZDo Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?10.3390/su1321120222071-1050https://doaj.org/article/f3e05204d8a4421bae9906c2bff6252a2021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12022https://doaj.org/toc/2071-1050Good sustainability decisions depend on how companies respond to wide-ranging exposure to exogenous and endogenous pressures. The purpose of the article was to determine whether companies in different industries respond differently to stakeholders’ pressures when prioritising Environmental, Social and Governance sustainability performance (ESG-SP) activities. Data of six sectors, with a total of 75 companies was extracted from the CSRHub database, which is a rating agency that focuses on assessing ESG performance of companies. The ANOVA, pairwise comparative and multiple comparison Tukey HSD tests were applied to compare mean scores across the sectors. Overall industry scores show no evidence of ESG-SP differences across industries in the sectors examined. It was however revealed that three (3) out of twelve ESG ratings have significant differences namely: Community Development and Philanthropy; Human Rights and Supply Chain; as well as Compensation and Benefits. The study found that the type of industry does not have a significant role in determining the ESG rating of a company. Future studies can look at a longitudinal analysis to shed light on the pattern of sustainability practices across companies that are listed on the JSE.Rendani Mavis MatakanyeHuibrecht Margaretha van der PollBinganidzo MucharaMDPI AGarticlesustainable developmentsustainability performance (SP)sustainability reporting (SR)environmental, social and governance (ESG)ESG disclosuregreenwashingEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12022, p 12022 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	sustainable development sustainability performance (SP) sustainability reporting (SR) environmental, social and governance (ESG) ESG disclosure greenwashing Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	sustainable development sustainability performance (SP) sustainability reporting (SR) environmental, social and governance (ESG) ESG disclosure greenwashing Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Rendani Mavis Matakanye Huibrecht Margaretha van der Poll Binganidzo Muchara Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?
description	Good sustainability decisions depend on how companies respond to wide-ranging exposure to exogenous and endogenous pressures. The purpose of the article was to determine whether companies in different industries respond differently to stakeholders’ pressures when prioritising Environmental, Social and Governance sustainability performance (ESG-SP) activities. Data of six sectors, with a total of 75 companies was extracted from the CSRHub database, which is a rating agency that focuses on assessing ESG performance of companies. The ANOVA, pairwise comparative and multiple comparison Tukey HSD tests were applied to compare mean scores across the sectors. Overall industry scores show no evidence of ESG-SP differences across industries in the sectors examined. It was however revealed that three (3) out of twelve ESG ratings have significant differences namely: Community Development and Philanthropy; Human Rights and Supply Chain; as well as Compensation and Benefits. The study found that the type of industry does not have a significant role in determining the ESG rating of a company. Future studies can look at a longitudinal analysis to shed light on the pattern of sustainability practices across companies that are listed on the JSE.
format	article
author	Rendani Mavis Matakanye Huibrecht Margaretha van der Poll Binganidzo Muchara
author_facet	Rendani Mavis Matakanye Huibrecht Margaretha van der Poll Binganidzo Muchara
author_sort	Rendani Mavis Matakanye
title	Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?
title_short	Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?
title_full	Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?
title_fullStr	Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?
title_full_unstemmed	Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?
title_sort	do companies in different industries respond differently to stakeholders’ pressures when prioritising environmental, social and governance sustainability performance?
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/f3e05204d8a4421bae9906c2bff6252a
work_keys_str_mv	AT rendanimavismatakanye docompaniesindifferentindustriesresponddifferentlytostakeholderspressureswhenprioritisingenvironmentalsocialandgovernancesustainabilityperformance AT huibrechtmargarethavanderpoll docompaniesindifferentindustriesresponddifferentlytostakeholderspressureswhenprioritisingenvironmentalsocialandgovernancesustainabilityperformance AT binganidzomuchara docompaniesindifferentindustriesresponddifferentlytostakeholderspressureswhenprioritisingenvironmentalsocialandgovernancesustainabilityperformance
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Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?

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