A Shift Beyond Compliance: The Role of Sustainability Strategic Plans in the European Context
コンプライアンスを超えて：欧州におけるサステナビリティ戦略計画の役割 (AI 翻訳)
Bianchi M. T., Cicchini D., Principale S.
🤖 gxceed AI 要約
日本語
本研究は、欧州のNFRD対象企業990社（2018-2022年）を対象に、サステナビリティ計画の採用が企業のパフォーマンス向上と報告と実績の乖離（デカップリング）低減に及ぼす効果を定量分析した。パネル回帰分析の結果、計画の開示は特に環境面での業績改善と乖離リスクの抑制に有意に寄与することが示された。理論的にはレジティマシー理論とシグナリング理論を援用し、規制を超えた自主的な開示が透明性向上とステークホルダーへのコミットメントにつながることを実証した。
English
This study examines the impact of publishing sustainability plans on firm performance and decoupling (gap between reported and actual outcomes) using panel regression on 990 European NFRD firms from 2018-2022. Results show that adopting a sustainability plan significantly improves subsequent environmental performance and reduces decoupling risk. Drawing on legitimacy and signaling theory, it demonstrates that voluntary disclosure beyond compliance enhances transparency and signals commitment to stakeholders.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準の適用が迫る中、本研究成果は対応策を超えて企業の本質的なサステナビリティ統合を促進する示唆を提供する。特に、開示と実績の乖離を防ぐための自主的な計画策定の有効性は、日本の有報・統合報告書の質向上に貢献しうる。
In the global GX context
This paper offers timely evidence for global disclosure frameworks (TCFD, ISSB, CSRD) that moving from checklist compliance to strategic sustainability planning boosts actual performance and reduces greenwashing risk. It supports the push for mandatory disclosure by showing that plans, not just metrics, drive real change.
👥 読者別の含意
🔬研究者:Provides empirical evidence linking voluntary sustainability plans to reduced decoupling, contributing to CSR/greenwashing literature and supporting signaling theory.
🏢実務担当者:Corporate sustainability teams can leverage findings to design plans that improve ESG performance and investor trust, beyond regulatory minimums.
🏛政策担当者:Regulators may use the results to advocate for requiring sustainability strategy disclosures, as they enhance transparency and outcomes.
📄 Abstract（原文）
ABSTRACT This research aims to examine the role of adopting sustainability plans in enhancing performance and reducing decoupling between reported information and actual outcomes. It investigates whether publishing sustainability plans can help companies align their actions with their sustainability goals. A quantitative methodology was employed, using panel regression analysis. The sample consisted of 990 European companies subject to the Non‐Financial Reporting Directive (NFRD) from 2018 to 2022. We applied legitimacy and signaling theory as theoretical frameworks to interpret our findings. The adoption of a sustainability plan is shown to improve performance in the following years, especially in environmental practices, while also reducing the risk of decoupling. By disclosing their sustainability plans, companies demonstrate a commitment to integrating ESG factors into their operations, thereby aligning with stakeholder expectations. This paper presents some implications. Theoretically, it contributes to the sustainability planning and CSR decoupling literature by demonstrating how voluntary practices beyond regulatory requirements can improve transparency and signal commitment to stakeholders. In practice, it provides firms with insights into how to use sustainability plans to guide actions toward sustainable development goals. For regulators, the findings suggest that greater disclosure of sustainability strategies can enhance transparency and drive performance improvements. This paper provides original contributions by investigating the effects of sustainability planning on performance and decoupling within the context of European companies. It offers insights for academics, decision‐makers, and regulators aiming to improve the alignment between sustainability goals and actual practices.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1002/csr.70384first seen 2026-05-14 22:34:46
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