Impact of Sustainability Strategies on ESG Performance Disclosure

Abstract

With signaling lens, this study aims to analyze whether the environmental, social, and governance (ESG) performance disclosure is influenced by sustainability strategies and global reporting initiative (GRI) standards adoption. The data obtained from the Refinitiv Eikon database, for Chinese listed companies, are subject to correlation and regression analysis for panel data. The findings reveal that the presence of business ethics and human rights policies have a positive impact on ESG performance disclosure. Additionally, stakeholder engagement level and GRI standards adoption are predictive variables for ESG performance disclosure. Exclusive analysis in the China's industrial sector restricts the results generalization. This study explores the effect of sustainability strategies on ESG performance disclosure.