Journal of Business Ethics

, Volume 122, Issue 1, pp 53–63 | Cite as

Effect of Stakeholders’ Pressure on Transparency of Sustainability Reports within the GRI Framework

  • Belen Fernandez-Feijoo
  • Silvia RomeroEmail author
  • Silvia Ruiz


Transparency is a quality of corporate social responsibility communication that enhances the relationship between the investors and the company. The objective of this paper is to analyze if the transparency of the sustainability reports is affected by the relationship of companies in different industries with their stakeholders. If this were the case, it would indicate that the pressure of significant stakeholders determines the required level of transparency of the reports. We find that the pressure of some groups of stakeholders (customers, clients, employees, and environment) improves the quality of transparency of the reports. We extend previous research by studying the effect of stakeholder group pressure on transparency when reporting sustainability. Our results show that transparency is affected by ownership, along with size and global region.


Corporate social responsibility Global Reporting Initiative Information system for sustainability Stakeholders pressure Sustainability report Transparency 



Assurance statement


Corporate social responsibility


Global reporting initiative


In accordance


Sustainability report


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Copyright information

© Springer Science+Business Media Dordrecht 2013

Authors and Affiliations

  • Belen Fernandez-Feijoo
    • 1
  • Silvia Romero
    • 2
    Email author
  • Silvia Ruiz
    • 1
  1. 1.Universidade de VigoVigoSpain
  2. 2.Montclair State UniversityMontclairUSA

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