The role of socially responsible investing and media in the environmental stewardship of food industry companies

Deák, Zs. and Hajdu, I. (2012) The role of socially responsible investing and media in the environmental stewardship of food industry companies. Acta Alimentaria, 41 (Supple). pp. 24-38. ISSN 0139-3006

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Abstract

Companies are facing a rapidly changing and ever more challenging environment. Globalization, together with a shifting political landscape, is combining with major transformations in population, urbanization, resource utilization, climate change and consumer attitudes. Through the evolution of communications networks there is growing connectivity that with the rise of non-governmental organizations (NGOs) results in an increasingly transparent society. Socially responsible investors combining forces with the media and NGOs have emerged as a major force compelling firms through the capital markets toward a more environment friendly behaviour. The global food industry is especially susceptible to climate change and shifting consumer attitudes and thus has to increasingly respond to external stakeholders in order to remain competitive. How did attitudes and perceptions change in recent years toward the industries environmental performance and how did this influence their financial results? Our research investigates forty-six global food industry companies.

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