Evaluating the implications of the EU’s ESG reporting standards for the sustainability reporting of large tourism companies in the case of the Netherlands

Project Description

This research investigates how Environmental, Social, and Governance (ESG) reporting affects
sustainability practices and transparency in the tourism sector, comparing it to the traditional
Corporate Social Responsibility (CSR) model. It focuses on the question: How does implementing ESG standards influence sustainability reporting practices, perceptions, and strategic integration in large tourism organizations? The study uses a mixed research method, combining document analysis and interviews with experts from different sectors and actors in the Dutch outbound tourism sector. Document analysis examines existing ESG frameworks and regulations, while interviews provide insights into stakeholder perspectives and organizational responses to ESG implementation. The findings show that ESG implementation changes sustainability reporting through standardization and transparency. Organizations must disclose detailed information, reducing discrepancies and potentially enhancing credibility compared to voluntary CSR reporting. Moreover, ESG standards require deeper integration into corporate strategies, leading to operational and strategic adjustments. Financial practices and stakeholder relations are also impacted, with the ESG standards influencing investment decisions, promoting transparency, and encouraging collaboration between stakeholders. These changes collectively improve the quality and credibility of sustainability reporting beyond CSR models. However, the actual environmental and social impacts of ESG depend on broader corporate involvement and regulatory enforcement. The research highlights the need for further exploration of ESG implications for businesses, policymakers, and researchers.

Author: M. Eeden (2024)