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Sarah Stephen

Lecturer in Strategy and Business Ethics at the University of Liverpool, United Kingdom. She holds a PhD in Economics, specialising in Management, from the University of Lausanne, Switzerland. Her research focuses on the intersection of society, the environment, and organizations, particularly in relation to environmental responsibility, ESG and responsible investing, climate action, and ethical decision-making.

‘Sorry, we screwed up’ – Managing investor reactions with sustainability legitimation strategies

Companies disclosing negative sustainability incidents often employ legitimation strategies to present mishaps in a favorable light. We found that symbolic legitimation, i.e., evasively explaining negative incidents, cannot counter divestments. Only substantial legitimation does, i.e., when a company reports on concrete measures and behavioral changes in morally charged situations.

Working on Impact: Introducing Business & Society Commentary

When we took over editorship of Business & Society one year ago, we noted that “we are committed to impact and influence beyond publication, impact factors, and journal rankings. We aim to contribute to the development of novel and workable solutions to the urgent challenges that the world presently faces”. We are happy to announce one of the initiatives we took to honour this commitment: the introduction of a new format, Business & Society Commentary!