The Role of Women in Council on Gender Diversity, and Their Effect on Disclosure of SDGs
Keywords:
Female On Board,, Gender Diversity,, Global Reporting Initiati,, Stakeholder Theory,, Sustainable Development Goals.
Abstract
As organizations with an important role in development, corporations are expected to contribute to the Sustainable Development Goals (SDGs). Gender equality is one of the goals of the SDGs. The role of females on board as agents of the company is expected to contribute to gender diversity in the organization and realize the goals of the SDGs, especially SDGs-5 regarding gender equality. This study aims to analyze the role of women in the council on gender diversity and support SDGs-5 on gender organization through internal gender diversity. They use data from 72 corporate sustainability reports in Indonesia published through the NCSR with GRI standards and processed using statistical regression testing. This study indicates that female on board affects gender diversity and supports SDGs-5 disclosure through gender diversity in the organization. The results of this study answer the theoretical gap with the results of previous studies, where female on board directly hurts the SDGs disclosure.
References
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Valls Martínez, M. del C., & Cruz Rambaud, S. (2019). Women on corporate boards and firm's financial performance. Women's Studies International Forum, 76 (April), 102251. https://doi.org/10.1016/j.wsif.2019.102251
Velte, P. (2017). Do women on the board of directors have an impact on corporate governance quality and firm performance? A literature review. International Journal of Sustainable Strategic Management, 5 (4), 302. https://doi.org/10.1504/ijssm.2017.089125
Vitolla, F., Raimo, N., & Rubino, M. (2020). Board characteristics and integrated reporting quality: an agency theory perspective. Corporate Social Responsibility and Environmental Management, 27 (2), 1152–1163. https://doi.org/https://doi.org/10.1002/csr.1879
Wheeler, D., & Elkington, J. (2001). The end of the corporate environmental report? Or the advent of cybernetic sustainability reporting and communication. Business Strategy and the Environment, 10 (1), 1–14. https://doi.org/10.1002/1099-0836
White, GB, & Holpuch, J. (2014). Sustainability Reporting for Cities: Why Not? Sustainability: The Journal of Records, 7 (2), 100–103. https://doi.org/10.1089/SUS.2014.9804
Agle, BR, Mitchell, RK, & Sonnenfeld, JA (1999). Who Matters to CEOs? An Investigation of Stakeholder Attributes and Salience, Corporate Performance, and Ceo Values. Academy of Management Journal, 42 (5), 507–525. https://doi.org/10.5465/256973
Akarçay, ., & üz, AA (2017). Sustainability and Management. In K. alıyurt &. Yüksel (Eds.), Sustainability and Management: An International Perspective. Routledge. https://doi.org/10.4324/9781315611440
Balakrishnan, R., & Dharmaraj, K. (2018). WPS and sustainable development goals. The Oxford Handbook of Women, Peace, and Security, 704–714. https://doi.org/10.1093/oxfordhb/9780190638276.013.53
Bonnafous-Boucher, M., & Rendtorff, JD (2016). Stakeholder Theory and Ethics (M. Bonnafous-Boucher & JD Rendtorff (Eds.); pp. 67–78). Springer International Publishing. https://doi.org/10.1007/978-3-319-44356-0_5
Brockett, A., & Rezaee, Z. (2015). Corporate Sustainability: Integrating Performance and Reporting. Pacific Accounting Review, 27 (4), 438–440. https://doi.org/10.1108/PAR-08-2013-0077
Chiu, H., Fischer, D., & Friedman, H. (2019). Board Diversity in Audit and Finance Committees: A Case Study of Coca-Cola. Advanced Series in Management, 22, 95–113. https://doi.org/10.1108/s1877-63612019000022006
Department of Economic and Social Affairs - Sustainable Development. (2016). The 2030 Agenda for Sustainable Development. United Nations.
Dragu, I.-M. (2013). Good Corporation. In SO Idowu, N. Capaldi, L. Zu, & A. Das Gupta (Eds.), Encyclopedia of Corporate Social Responsibility (pp. 1270–1274). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_534
Elkington, J. (1998). ACCOUNTING FOR THE TRIPLE BOTTOM LINE. Measuring Business Excellence, 2 (3), 18–22. https://doi.org/10.1108/eb025539
Farida, DN (2019). The Effect of Gender Diversity on the Disclosure of Sustainability Development Goals. Indonesian Journal of Accounting, 8 (2), 89. https://doi.org/10.30659/jai.8.2.89-107
Fialho, A., Santana Félix, EG, Jorge, F., & Del Mar Soto Moya, M. (2020). Communication of the Commitment to Sustainability and the UN SDGs in the Iberian Foundations. In D. Crowther & S. Seifi (Eds.), Governance and Sustainability (Vol. 15, pp. 91–111). Emerald Publishing Limited. https://doi.org/10.1108/S2043-052320200000015006
Freeman, RE (2015). Stakeholder Theory. In Wiley Encyclopedia of Management (pp. 1–6). John Wiley & Sons, Ltd. https://doi.org/10.1002/9781118785317.weom020179
Freeman, RE, & McVea, J. (2017). A Stakeholder Approach to Strategic Management. In The Blackwell Handbook of Strategic Management (pp. 183–201). Blackwell Publishing Ltd. https://doi.org/10.1111/b.9780631218616.2006.00007.x
Girón, A., Kazemikhasragh, A., Cicchiello, AF, & Panetti, E. (2020). Sustainability Reporting and Firms' Economic Performance: Evidence from Asia and Africa. Journal of the Knowledge Economy. https://doi.org/10.1007/s13132-020-00693-7
Global Reporting Initiative. (2013). G4 Sustainability Reporting Guidelines. Global Reporting Initiative, 1–97. www.globalreporting.org
Gupta, A. Das. (2013). Corporate Social Performance. In SO Idowu, N. Capaldi, L. Zu, & A. Das Gupta (Eds.), Encyclopedia of Corporate Social Responsibility (pp. 574–576). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_8
Ioannou, I., & Serafeim, G. (2017). The Consequences of Mandatory Corporate Sustainability Reporting. Harvard Business School Research Working Paper, 11–100.
Ionașcu, E., Mironiuc, M., Anghel, I., & Huian, MC (2020). The Involvement of Real Estate Companies in Sustainable Development—An Analysis from the SDGs Reporting Perspective. Sustainability, 12 (3), 798. https://doi.org/10.3390/su12030798
Jensen, MC, & Meckling, WH (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3 (4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X
Kilincarslan, E., Elmagrhi, MH, & Li, Z. (2020). Impact of governance structures on environmental disclosures in the Middle East and Africa. Corporate Governance: The International Journal of Business in Society, 20 (4), 739–763. https://doi.org/10.1108/CG-08-2019-0250
Kılıç, M., & Kuzey, C. (2020). The Influence of Board Structure on GRI-Based Sustainability Reporting: Evidence from Turkish Listed Companies BT - Ethics, Governance and Risk Management in Organizations (IM Saidon & R. Said (Eds.); pp. 109–129). Springer Singapore. https://doi.org/10.1007/978-981-15-1880-5_8
Mishra, L. (2021). Corporate social responsibility and sustainable development goals: A study of Indian companies. Journal of Public Affairs, 21 (1). https://doi.org/10.1002/pa.2147
Panuluh, S., & Fitri, MR (2016). Development of the Implementation of Sustainable Development Goals (SDGs) in Indonesia. International NGO Forum on Indonesian Development, 02 (Sustainable Development Goals (SDGs)), 1–25. http://www.sdg2030indonesia.org/an-component/media/upload-book/Briefing_paper_No_1_SDGS_-2016-Meila_Sekar.pdf
Rathnayaka Mudiyanselage, NCS (2018). Board involvement in corporate sustainability reporting: evidence from Sri Lanka. Corporate Governance: The International Journal of Business in Society, 18 (6), 1042–1056. https://doi.org/10.1108/CG-10-2017-0252
Rosati, F., & Faria, LGD (2019). Business contribution to the Sustainable Development Agenda: Organizational factors related to the early adoption of SDG reporting. Corporate Social Responsibility and Environmental Management, 26 (3), 588–597. https://doi.org/10.1002/csr.1705
Scheyvens, R., Banks, G., & Hughes, E. (2016). The Private Sector and the SDGs: The Need to Move Beyond' Business as Usual.' Sustainable Development, 24 (6), 371–382. https://doi.org/https://doi.org/10.1002/sd.1623
Schönherr, N., Findler, F., & Martinuzzi, A. (2017). Exploring the interface of CSR and the Sustainable Development Goals. Transnational Corporations, 24 (3), 33–47. https://doi.org/10.18356/cfb5b8b6-en
Sweeney, P. (2015). Corporate Sustainability: Integrating Performance and Reporting. Pacific Accounting Review, 27 (4), 438–440. https://doi.org/10.1108/PAR-08-2013-0077
Uma Sekaran & Bougie. (2013). Research Method for Business: A Skill Building Approach, 6th edition. Wiley&Son Ltd. In the United States: John Wiley & Sons Inc.
Valls Martínez, M. del C., & Cruz Rambaud, S. (2019). Women on corporate boards and firm's financial performance. Women's Studies International Forum, 76 (April), 102251. https://doi.org/10.1016/j.wsif.2019.102251
Velte, P. (2017). Do women on the board of directors have an impact on corporate governance quality and firm performance? A literature review. International Journal of Sustainable Strategic Management, 5 (4), 302. https://doi.org/10.1504/ijssm.2017.089125
Vitolla, F., Raimo, N., & Rubino, M. (2020). Board characteristics and integrated reporting quality: an agency theory perspective. Corporate Social Responsibility and Environmental Management, 27 (2), 1152–1163. https://doi.org/https://doi.org/10.1002/csr.1879
Wheeler, D., & Elkington, J. (2001). The end of the corporate environmental report? Or the advent of cybernetic sustainability reporting and communication. Business Strategy and the Environment, 10 (1), 1–14. https://doi.org/10.1002/1099-0836
White, GB, & Holpuch, J. (2014). Sustainability Reporting for Cities: Why Not? Sustainability: The Journal of Records, 7 (2), 100–103. https://doi.org/10.1089/SUS.2014.9804
Published
2021-10-01
How to Cite
Setyawan, W., & Wulandari, S. (2021). The Role of Women in Council on Gender Diversity, and Their Effect on Disclosure of SDGs. Kontigensi : Jurnal Ilmiah Manajemen, 9(2), 632-643. https://doi.org/10.56457/jimk.v9i2.223
Section
Articles
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