Figure 7.
The diagram shows the relationship among drivers, barriers, and stakeholders in environmental, social, and governance reporting within public private partnerships. On the left, six drivers are listed: regulatory disclosure demands, improved project performance and expected long term returns, society and external stakeholder pressures, desire to mitigate project risk, economic benefits, and altruistic values. These drivers connect to ESG assessment outcomes, which then lead to ESG reporting. Barriers are shown below, including competing project priorities, insufficient understanding of ESG reporting benefits, lack of investment in training and development programmes for critical actors, unavailability of standardised ESG reporting standards and frameworks, complex administrative and legal procedures, insufficient government incentives, and cost involved in ESG reporting. On the right, stakeholders interested in ESG reporting are grouped into three categories. External stakeholders include regulators, non governmental organisations, media, ecologists, investors, unions, and government bodies. Internal stakeholders include public sector project sponsors, suppliers, legal advisors, operators, construction contractors, and PPP units. Connected stakeholders include employees, shareholders, and independent reviewers. The arrows indicate interactions among drivers, barriers, and reporting outcomes.Conceptual framework of the barriers and drivers of ESG reporting of PPP projects’ stakeholders
Source: Authors’ own work