Limited progress in sustainable development: Factors influencing the environmental management and reporting of South African JSE‐listed companies

Abstract

AbstractAlthough public, governmental, international and stakeholder pressure have led to corporations conforming to better sustainability performance, there has been an insignificant reduction in environmental degradation levels, and progress in sustainable development is limited. This study examines which factors influencing environmental management and reporting in South Africa could potentially contribute to this limited progress. The study was based on a series of interviews with sustainability managers of JSE‐listed firms. Results suggest that stock exchange listing requirements, internal processes and structures, experienced staff and the sustainability committee positively influence environmental and overall corporate sustainability, yet that resource and time constraints, as well as reporting fatigue, potentially limit the advancement of sustainable development. This restricts the further reduction of environmental degradation, which is urgently necessary in light of the harmful impacts that for example climate change has on the environment, societies and economies.