Factors Influencing Biodiversity Reporting In Hotel Industry
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Date
2015
Authors
Haji Mahyuddin, Edzuwyn Fathin
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Sains Malaysia
Abstract
Biodiversity is one of the core of sustainable development, businesses will be directly or indirectly affected and operations will be disrupted due to the alarming rate of biodiversity losses. Biodiversity conservation hence should be the top priority in businesses especially tourism industry that is more or less relying on the uniqueness of natural beauty of the environment. With the increasing number of organisations around the world recognizing the need to conserve biodiversity, hotels are trying to measure and mitigate the environmental impact that caused by its operations. Consequently, demand from the stakeholders for such information are increasing. As such, in order to show accountability and transparency, hotels are obliged to disclose biodiversity reporting. Thus, using Stakeholder Theory, Institutional Theory and Legitimacy Theory, this study investigates the factors influencing biodiversity reporting among hotels. The study uses content analysis to analyse the extent of biodiversity disclosure. Several variables such as number of board of director with environmental experience, number of board of director in CSR committee, number of board of director in environmental organisation/ NGO, brand reputation, type of hotel, size of hotel and hotel location are selected as proxy and their influence on the extent of biodiversity reporting were tested. Market diversification is chosen as the moderator between the proxies and the extent of biodiversity reporting in hotel industry. The result reveals that, number of board of director in environmental organisation/NGO and hotel location have significant positive relationship with the extent of biodiversity reporting among the hotels. Besides, only moderating effect of market diversification and the number of board of director in environmental organization or NGO (INT3) shows significant relationship on the extent of
biodiversity reporting. Overall, this study revealed that disclosure of biodiversity reporting is still novel in hotel industry.
Description
Keywords
Biodiversity