Abstract
The tourism sector is a driver of economic development characterised by its environmental impact. It is a prevalent part of the 2030 Agenda, given its potential to help meet the Sustainable Development Goals (SDGs). At the same time, board gender diversity is considered essential for companies to implement environmentally sustainable initiatives. However, analysis of the relationship between the role of women on boards and environmental performance has been neglected in the tourism literature. This paper adopts a novel approach to the study of this sector by analysing the relationship between gender diversity on the board of directors and companies’ environmental practices. A fixed effects model is estimated using an international sample of 120 listed tourism companies for the period 2002 to 2019. The results show that boards that are more gender diverse and have a greater female presence are associated with poorer environmental performance and a weaker implementation of policies and practices to reduce resource use and emissions. However, board gender diversity aids performance in environmental innovation.
Highlights
IntroductionMost fall within one of the three dimensions of corporate social responsibility (CSR): the economic, the social and the environmental
Women have greater awareness and experience in social and environmental issues [34], further supporting the arguments that underpin the results of studies based on resource dependence theory. These results indicate that companies with higher female representation on their boards have better corporate social responsibility (CSR) practices and environmental performance [26,44]
This study examined 120 listed companies from the global tourism sector over the period 2002 to 2019
Summary
Most fall within one of the three dimensions of corporate social responsibility (CSR): the economic, the social and the environmental
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