Stakeholder engagement in sustainability reporting: the case study of Ukrainian public agricultural companies
Finding out to what extent interested parties are consulted and involved by the compilers, Ukrainian agricultural companies registered on the stock exchange, when compiling reports on sustainable development. Preparation ensuring sustainable development.
| Рубрика | Экономика и экономическая теория |
| Вид | статья |
| Язык | английский |
| Дата добавления | 04.05.2022 |
| Размер файла | 1,0 M |
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We find that most actions companies concentrate is on level 1 and 2. In other words, the engagement strategy of the companies being analyzed has mostly consisted from action intended to inform (level 1) as well as consult and support stakeholders (level 2), whilst deep involvement strategy (level 3) is being almost neglected. In regards to focus, we find that the most cited stakeholders in engagement actions are on level 1 employees, consumers and suppliers. Consumers also alongside authorities and local communities are the most cited stakeholders on the level of response strategy, whereas the authorities are the single stakeholders ' group being honoured to be treated on the highest third level. The results of the study thus indicate that external stakeholders, such as authorities and local communities, require and enterprises respond to these requirements in a more structured approach that calls for interaction at the third and second levels (involvement and response strategies respectively).
Our study should be considered along with its limitations. First of all, SE quality is believed to be a vague concept that involves several approaches to its definition and that avoids quantitative measurement by its nature. It follows from the latter that the definition of SE quality through content analysis has its value, but should be considered with caution. Moreover, context analysis involves the application of a certain subjectivity. Although we took all the necessary steps in the form of a significant number of coders, which helped us move from the subjective opinion of one to the objective opinion of the majority (we used a consensus approach), still some vestiges of subjectivity may remain in our decision.
Issues that raise some doubts are related to the coverage of stakeholders and the tangibility of this work by stakeholders. Therefore, areas of further research could be fact-checking the participation of stakeholders through interactions with them. The frequency of changes in material topics from year to year (something we found to be a feature in our sample) may also be the subject of further research, as it seems to us that certain country differences can be studied on a large array of data from various jurisdictions.
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