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The engagement of stakeholders in nonfinancial reporting: New information‐pressure, stimuli, inertia, under short‐termism in the banking industry

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  • Maura Campra
  • Paolo Esposito
  • Rosa Lombardi

Abstract

In the past few years, nonfinancial reporting has been a widely debated issue in literature, not the least because of its importance during times in which topics such as climate change and social transformations have become strategic issues particularly for larger companies. Recent regulatory changes within the European legal framework have marked the transition from a voluntary nonfinancial reporting system to a mandatory one for larger companies. Unlike the case of manufacturing companies, the debate surrounding the application of CSR policies in the banking industry has not been as univocal. Taking into account a case study, we how such pressure is neither strictly positive nor negative, but it can rather be defined as a stimulating inertia, able to indicate prompt and sure strategic directions for the Company, to be pursued in a sustainable manner. This will need the implementation of internationally acknowledged policies and procedures regulating the interactions between the Company and its stakeholders.

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  • Maura Campra & Paolo Esposito & Rosa Lombardi, 2020. "The engagement of stakeholders in nonfinancial reporting: New information‐pressure, stimuli, inertia, under short‐termism in the banking industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(3), pages 1436-1444, May.
    • Handle: RePEc:wly:corsem:v:27:y:2020:i:3:p:1436-1444
    DOI: 10.1002/csr.1896
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    2. Miriam Pedol & Elena Biffi & Simone Melzi, 2021. "Sustainability game," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(5), pages 1540-1548, September.
    3. Rosa Lombardi & Simone Manfredi & Benedetta Cuozzo & Matteo Palmaccio, 2020. "The profitable relationship among corporate social responsibility and human resource management: A new sustainable key factor," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2657-2667, November.
    4. Miguel Ángel Martín Valmayor & Beatriz Duarte Monedero & Luis A. Gil-Alana, 2021. "The Social Balance Sheet as Part of the Annual Report in Financial Institutions. A Case Study: Banco Bilbao Vizcaya Argentaria (BBVA)," Sustainability, MDPI, vol. 13(6), pages 1-14, March.
    5. Christine Chou & Robin Clark & Steven O. Kimbrough, 2023. "What do firms say in reporting on impacts of climate change? An approach to monitoring ESG actions and environmental policy," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2664-2678, September.
    6. Selena Aureli & Mara Del Baldo & Rosa Lombardi & Fabio Nappo, 2020. "Nonfinancial reporting regulation and challenges in sustainability disclosure and corporate governance practices," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2392-2403, September.
    7. Paolo Esposito & Gianluca Antonucci, 2022. "NGOs, corporate social responsibility and sustainable development trajectories in a new reformative spectrum: ‘New wine in old bottles or old wine in new bottles?’," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 609-619, May.
    8. Tiziana De Cristofaro & Domenico Raucci, 2022. "Rise and Fall of the Materiality Matrix: Lessons from a Missed Takeoff," Administrative Sciences, MDPI, vol. 12(4), pages 1-25, December.

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