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When Sustainability Reporting Becomes a Strategy: The Impact of Financial Performance and Institutional Pressures From EU Sustainability Reporting Regulations on ESG Decoupling

持続可能性報告が戦略になるとき：財務パフォーマンスとEU持続可能性報告規制による制度的圧力がESGデカップリングに与える影響 (AI 翻訳)

C. Cepêda, A. Monteiro, Cristina Aibar‐Guzmán

Corporate Social Responsibility and Environmental Management📚 査読済 / ジャーナル2026-04-06#ESGOrigin: EU
DOI: 10.1002/csr.70569
原典: https://doi.org/10.1002/csr.70569

🤖 gxceed AI 要約

日本語

本研究は、ESGデカップリング（開示と実績の乖離）に影響を与える要因を分析。高い財務パフォーマンスの企業ほどデカップリングしやすい一方、EUの持続可能性報告指令による規範的・強制的圧力は乖離を減少させることを発見。2009-2023年の3465社のデータに基づく。

English

This study examines factors influencing ESG decoupling (gap between disclosure and performance). Using panel data from 3,465 large firms (2009-2023), it finds that higher financial performance increases decoupling, while normative and coercive pressures from EU sustainability reporting directives reduce it. Provides insights for regulators, investors, and rating agencies.

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

日本のSSBJ基準策定において、EUの規制圧力がESGデカップリングを抑制したという知見は、実効性ある開示制度設計に示唆を与える。

In the global GX context

This paper provides evidence that EU sustainability reporting directives reduce ESG decoupling, supporting the global shift toward mandatory disclosure. Important for policymakers considering similar regulations.

👥 読者別の含意

🔬研究者:Researchers gain insights into the determinants of ESG decoupling under institutional pressures.

🏢実務担当者:Practitioners can understand how regulatory pressures affect their disclosure strategies.

🏛政策担当者:Policymakers can learn how EU directives effectively reduce decoupling, informing future regulation design.

📄 Abstract（原文）

Mitigating environmental, social, and governance (ESG) decoupling is essential to advancing reliable sustainability disclosure and ensuring that ESG reporting fulfills its intended purpose. This study aims to provide critical insights into the organizational and contextual elements that could intensify or diminish ESG decoupling. Using a multi‐theoretical framework, this study examines the impact of firm value and institutional pressures from the European Union's sustainability reporting directives on ESG decoupling. The empirical findings, based on a random‐effects panel regression analysis of data from 3465 large companies from 2009 to 2023 (13,488 firm‐year observations), indicate that firms with higher financial performance and market value are more likely to engage in ESG decoupling. Conversely, the results demonstrate that normative and coercive pressures from the European Union's sustainability reporting directives result in greater alignment between ESG disclosures and performance. These findings offer researchers, regulators, investors, stakeholders, and ESG rating agencies additional insight into ESG decoupling and carry significant policy implications.

🔗 Provenance — このレコードを発見したソース

gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。