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Stakeholder engagement and the GRI: Implications of effective risk management


Horner, CA and Wilmshurst, TD, Stakeholder engagement and the GRI: Implications of effective risk management, Corporate Ownership & Control, 13, (3) pp. 209-218. ISSN 1727-9232 (2016) [Refereed Article]

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Copyright 2016 Virtus Interpress

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DOI: doi:10.22495/cocv13i3c1p7


Stakeholders expect organisations to assess and manage risk in all areas of business activity including their social and environmental activities, and corporate reporting on these activities is increasing. Acknowledging that a gap may exist between voluntary reports and internal social and environmental risk management practices, this study explores the association between the use of the GRI guidelines, stakeholder engagement practices, and risk management practices with reference to AS/NZS Risk Management Standard ISO 31000:2009. It moves beyond motivations to explore how voluntary reporting practices may facilitate risk management through the process of stakeholder engagement. Results indicate that the use of the GRI in conjunction with external verification encourages more inclusive stakeholder engagement practices as identified in the AS/NZS Risk Management Standard.

Item Details

Item Type:Refereed Article
Keywords:Stakeholder Engagement, stakeholders, Risk, GRI, Impression Management, AS/NZS Risk Management Standard
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Sustainability accounting and reporting
Objective Division:Commercial Services and Tourism
Objective Group:Environmentally sustainable commercial services and tourism
Objective Field:Environmentally sustainable commercial services and tourism not elsewhere classified
UTAS Author:Horner, CA (Dr Claire Horner)
UTAS Author:Wilmshurst, TD (Associate Professor Trevor Wilmshurst)
ID Code:109083
Year Published:2016
Deposited By:TSBE
Deposited On:2016-05-19
Last Modified:2017-12-06
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