How do firm-level and country-level sustainability governance shape corporate sustainability? Insights from environmentally-sensitive industries

Purpose This study aims to explore how firm-level and country-level sustainability governance can shape corporate sustainability performance. Design/methodology/approach This study uses an international sample of 2,460 observations from 2010 to 2019 for firms in environmentally-sensitive industries (i.e. energy). Various measures have been used to measure corporate sustainability performance, firm-level and country-level sustainability governance. This study uses a range of statistical models, including fixed effects, random effects, a two-step generalized method of moments, along multiple sensitivity checks to provide accurate empirical evidence. Findings A specialized sustainability committee and…