Document Type

Peer Reviewed/Refereed Publication

Publication Date

1-2021

Publication Title

International Journal of Hospitality Management

Department

Computer Science and Information Systems

College/School

Arthur J. Bauernfeind College of Business

Abstract

This study ’ s objective is twofold: (1) to investigate whether board characteristics predict the existence of a sustainability committee, and (2) to examine whether the establishment of sustainability committees stimulates sustainability reporting, external assurance, and the adoption of the Global Reporting Initiative (GRI) framework in hospitality and tourism (H & T) firms. For this purpose, the data was derived from the Thomson Reuters Eikon database for publicly traded H & T firms from 2013 to 2018. The results indicate that while board size is a sig- nificant predictor of sustainability committee establishment, female and independent directors are not. Furthermore, the H & T firms with a sustainability committee are more likely to issue a sustainability report, to get an independent assurance statement on sustainability reporting, and to follow GRI guidelines in configuring sustainability report content and structure. Overall, the results suggest important implications to help H & T firms achieve sustainable goals and to design their boards accordingly.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Available for download on Saturday, January 20, 2024

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Business Commons

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