A literature review concerning the non-carbon-related environmental goals of the EU Taxonomy Regulation and the European Sustainability Reporting Standards (ESRS)
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| Titel: | A literature review concerning the non-carbon-related environmental goals of the EU Taxonomy Regulation and the European Sustainability Reporting Standards (ESRS) |
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| Autoren: | Velte, Patrick |
| Quelle: | Velte, P 2025, ' A literature review concerning the non-carbon-related environmental goals of the EU Taxonomy Regulation and the European Sustainability Reporting Standards (ESRS) ', Journal of Global Responsibility, vol. 16, no. 3, pp. 542-568 . https://doi.org/10.1108/JGR-02-2024-0032 |
| Verlagsinformationen: | Emerald, 2024. |
| Publikationsjahr: | 2024 |
| Schlagwörter: | Legitimacy theory, Circular economy, Resource use, Emissions, name=Business and International Management, Water, name=Management studies, name=SDG 15 - Life on Land, Biodiversity, name=SDG 6 - Clean Water and Sanitation, name=SDG 12 - Responsible Consumption and Production, name=SDG 8 - Decent Work and Economic Growth, Environmental performance |
| Beschreibung: | Purpose This study aims to analyze the firm- and country-related determinants and consequences on the firm value of the non-carbon-related environmental goals of the EU Taxonomy Regulation and the new European Sustainability Reporting Standards. In contrast to prior research on either total environmental or explicit carbon proxies, this work focuses on emissions, biodiversity, resource use/circular economy and water-related measures. Design/methodology/approach Based on legitimacy theory, a structured literature review drawing from 80 peer-reviewed empirical-quantitative studies was presented. As the primary contributors to environmental subitems, the results related to corporate and country governance and financial and sustainability determinants were highlighted. In alignment with the business case argument, the influence of environmental outputs on accounting- and market-based financial performance and other relevant firm proxies was focused. Findings Most included variables show rather inclusive significant results. However, the results clearly suggest that board gender diversity has a positive impact on environmental outputs, particularly in relation to emissions reductions and resource use efficiency/circular economy performance. Research limitations/implications This study mainly contributes to the growing literature on corporate environmental reporting and performance. Future research should analyze related subpillars in more detail and the impact of sustainable corporate governance on these dimensions. Originality/value To the best of the author’s knowledge, this is the first empirical study on environmental performance and reporting based on the environmental topics of the EU Taxonomy Regulation. |
| Publikationsart: | Article |
| Sprache: | English |
| ISSN: | 2041-2576 2041-2568 |
| DOI: | 10.1108/jgr-02-2024-0032 |
| Zugangs-URL: | http://fox.leuphana.de/portal/de/publications/a-literature-review-concerning-the-noncarbonrelated-environmental-goals-of-the-eu-taxonomy-regulation-and-the-european-sustainability-reporting-standards-esrs(17b85b59-4982-4ea9-bf91-65a83718053e).html https://doi.org/10.1108/JGR-02-2024-0032 http://www.scopus.com/inward/record.url?scp=85207459838&partnerID=8YFLogxK |
| Rights: | Emerald Insight Site Policies |
| Dokumentencode: | edsair.doi.dedup.....c49804b24f54c0dab44aa7dc2d4f8db0 |
| Datenbank: | OpenAIRE |
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Nájsť tento článok vo Web of Science | Abstract: | Purpose This study aims to analyze the firm- and country-related determinants and consequences on the firm value of the non-carbon-related environmental goals of the EU Taxonomy Regulation and the new European Sustainability Reporting Standards. In contrast to prior research on either total environmental or explicit carbon proxies, this work focuses on emissions, biodiversity, resource use/circular economy and water-related measures. Design/methodology/approach Based on legitimacy theory, a structured literature review drawing from 80 peer-reviewed empirical-quantitative studies was presented. As the primary contributors to environmental subitems, the results related to corporate and country governance and financial and sustainability determinants were highlighted. In alignment with the business case argument, the influence of environmental outputs on accounting- and market-based financial performance and other relevant firm proxies was focused. Findings Most included variables show rather inclusive significant results. However, the results clearly suggest that board gender diversity has a positive impact on environmental outputs, particularly in relation to emissions reductions and resource use efficiency/circular economy performance. Research limitations/implications This study mainly contributes to the growing literature on corporate environmental reporting and performance. Future research should analyze related subpillars in more detail and the impact of sustainable corporate governance on these dimensions. Originality/value To the best of the author’s knowledge, this is the first empirical study on environmental performance and reporting based on the environmental topics of the EU Taxonomy Regulation. |
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| ISSN: | 20412576 20412568 |
| DOI: | 10.1108/jgr-02-2024-0032 |