Corporate Environmental Reporting in Kenya and its Link to Corporate Financial Performance. Sustainability Reporting in Kenya

      Аннотация: Increased awareness of environmental issues coupled with concerns over the impact of commercial activities on the environment have encouraged the concept of extending company reporting to include non-financial aspects. This book provides sound arguments as to the existence of a link between Corporate Environmental Reporting and Corporate Financial Performance in a developing country, Kenya. The study finds that a company can ‘do well by doing good’: that is, it can perform better financially by attending not only to its core business operations, but also to its responsibilities towards creating an environmentally sustainable and better society. Firms that record good environmental performance and disclosure will enjoy “green goodwill” and improved reputation (Brammer & Pavelin, 2004; Hart, 1995; Surroca et al., 2010), cost advantages due to process innovation (Sharma & Vredenburg, 1998; Surroca et al., 2010), and strengthen employee skills and involvement (Hart, 1995; Russo & Fouts, 1997; Waldman, Siegel, & Javidan, 2006; Weber, 2008), while poor environmental performers do not enjoy these benefits.

Ключевые слова: Corporate Environmental Reporting, Corporate Financial Reporting, Sustainability Reporting, Africa, ?frica, Developing Countries, Kenya