France’s Mandatory “Triple Bottom Line” Reporting: Promoting Sustainable Development through Informational Regulation

By Mary Lou Egan, Fabrice Mauléon, Dominique Wolff and Marc Bendick Jr.

Published by The Sustainability Collection

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Article: Print $US10.00
Article: Electronic $US5.00

To encourage sustainable behavior by firms, in 2001, France passed Article 116 of its Nouvelles Régulations Economiques (NRE), thus becoming the first country to mandate “triple bottom line” (financial, environmental and social) reporting for firms. This paper uses social network theory and firms’ initial reporting behavior to predict this requirement’s potential impact as an instrument of informational regulation. We conclude that, although the NRE’s Article 116 is not yet ideally designed to maximize its effectiveness, the early record of this bold initiative is promising. Companies in the U.S. and other nations need to understand this French experience because it foreshadows likely changes in their own operating environments.

Keywords: Sustainability, Informational Regulation, Nouvelles Regulations Economiques

The International Journal of Environmental, Cultural, Economic and Social Sustainability, Volume 5, Issue 5, pp.27-48. Article: Print (Spiral Bound). Article: Electronic (PDF File; 1.257MB).

Dr. Mary Lou Egan

Principal, Bendick and Egan Economic Consultants, Inc., Washington, DC, USA

Mary Lou Egan, principal in Bendick and Egan Economic Consultants, Inc., USA, has worked in the public and private sectors as a consultant, management analyst, university professor and researcher. Unifying her work is the theme of applying private sector solutions to public sector problems.

Dr. Fabrice Mauléon

Professor, Ecole Supérieure de Commerce et Management, Tours, France

Fabrice Mauleon is a professor of law and sustainable development at ESCEM Tours-Poitiers where he is also in charge of the International Masters of Management in Sustainable Development. He lately participated in the European project HERMES where he looked at questions of CSR among European subcontractors in the apparel sector.

Dr. Dominique Wolff

Professor, Ecole Supérieure de Commerce et Management, Tours, France

Dominique Wolff is currently a professor of economics and sustainable development at ESCEM Tours-Poitiers, France. He recently returned to ESCEM after a post doctoral research position with the Chaire Desjardins group at the University of Sherbrooke in Canada. His research interests include the economics of innovation and quality.

Dr. Marc Bendick Jr

Principal, Bendick and Egan Economic Consultants, Inc., Washington, DC, USA

Marc Bendick, principal in Bendick and Egan Economic Consultants, Inc., USA, is an economist specializing in employment, economic development, and the design and evaluation of public programs to enhance inclusion of individuals, businesses and communities into the economic mainstream.

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