Corporate Governance and Wine: How Controversial Companies Deal with CSR and GRI Standards
Corporate Governance and Wine: How Controversial Companies Deal with CSR and GRI Standards

Author(s): Lara Johannsdottir, Svala Gudmundsdottir, Throstur Olaf Sigurjonsson
Subject(s): Economy, Supranational / Global Economy, Socio-Economic Research
Published by: EDITURA ASE
Keywords: controversial industry; corporate social responsibility; corporate governance; reporting standards; human resource management;
Summary/Abstract: Controversy has long stalked the production and sales of alcohol and tobacco products (Lindorff, Prior Jonson & McGuire, 2012). The positive aspects over time include socio-economic gains (Alonso, Sakellarios, Alexander & O’Brien, 2018; Miller, Sirrine, McFarland, Howard & Malone, 2019) such as public and private revenue, taxes, economic growth, job creation, relevance to other industries such as tourism (Dunn & Wickham, 2016), and leisure and cultural activities, thus strengthening communities (Feeney, 2017). At the same time, alcohol and tobacco consumption causes significant negative social, health and economic costs, such as addiction, crime, violence against women, accidents, injuries, illnesses, mental disorders, and premature death (Our World in Data, 2019), thus harming societies (Dünnbier & Sperkova, 2016; Whiteford et al., 2013). It is therefore questionable if this “sinful” industry can be resilient and associated with corporate social responsibility (CSR), corporate governance and Global Reporting Initiative (GRI) standards.

• Details
• Contents