Shareholder activism on sustainability issues has become increasingly prevalent over the years, with the number of proposals filed doubling from 1999 to 2013. We use recent innovations in accounting standard setting to classify 2,665 shareholder proposals that address environmental and social...

Based on legitimacy theory and upper echelons theory, this empirical study addresses whether sustainability expertise in Corporate Sustainability Committees (CSCs) has an impact on firms’ environmental performance. Moreover, a moderator analysis of the implementation of Chief Sustainability...