A reflection on the voluntary disclosure of sustainable development goals: The role of sustainability committee

• DOI: 10.1002/bsd2.398
• Publication Date: 2024-07-18T05:44:30Z
• Authors: Salaheldin Hamad; Fong‐Woon Lai; Muhammad Kashif Shad; Syed Quaid Ali Shah; Ahmad Ali Jan; Syed Emad Azhar Ali
• Keywords: Voluntary disclosure; Univariate; Sustainability Reporting; Turnover; Corporate sustainability

Abstract Limited research explores the private sector's role in achieving Sustainable Development Goals (SDGs), particularly regarding factors influencing disclosure practices emerging economies. This study addresses this gap by investigating voluntary of SDGs and impact sustainability committee (SC) on such Malaysia. Panel data from large publicly listed Malaysian companies spanning 2016 to 2020 is employed. Manual content analysis extracts SDGs‐related information annual reports. Data were analyzed using univariate multivariate analytical models examine effect committee's existence disclosure. Findings reveal an increasing trend companies' commitment SDGs, with a stronger emphasis social goals compared environmental ones. The results T ‐test, fixed effects, two‐stage least squares regressions demonstrate significantly higher more detailed SDG SCs those without SCs. These findings suggest that facilitate integration into corporate strategies business models. Sensitivity analyses have not altered our findings. provides useful insights for policymakers practitioners committees enhancing practices.