ESG Initiative–Led Corporate Reporting Practices: A Legitimate Move Towards Combating Climate Change
研究采用混合方法，分析旅游和酒店企业的可持续发展报告及专家意见，发现基于具体ESG举措的披露能满足利益相关者对气候行动的信息需求，并帮助企业获得和维持合法性。
ABSTRACT Legitimacy is a key underlying motive for a firm to disclose its environmental, social and governance (ESG) initiatives. The literature has undermined the potential of legitimacy theory in advancing corporate social responsibility (CSR) and sustainability reporting. The study has utilized a mixed method approach with a focus on the tourism and hospitality sector, which is a significant contributor to climate change. Study A performs a qualitative analysis of the sustainability reports of tourism and hospitality firms with the objective of establishing ESG initiatives as the essence of the sustainability reports. Study B involves a qualitative analysis of the data collected from tourism and hospitality experts with a focus on establishing strategies to gain and maintain legitimacy in this sector. The findings of this study help in bridging the literature gaps by establishing that the ESG disclosures based on tangible initiatives meet the information needs and the expectations of the stakeholders on climate change combat actions. Furthermore, it demonstrates how ESG initiatives undertaken by the tourism and hospitality firms can act as substantive business strategies that enable firms to gain and maintain legitimacy in front of their stakeholders.