Corporate Social Responsibility Commitment: Is Regulatory Pressure a Necessary Driver?

Corporate social responsibility and its communication are practices that have been developed for several years in developed and emerging countries, which have aroused great interest around the world and particularly in Morocco. Therefore, our main objective is to study the impact of ESG disclosure imposed by the market regulator on the extent of corporate commitment. This paper aims to understand one of the factors explaining the CSR commitment of Moroccan companies, namely the regulatory environment. Its main strength lies in the in-depth examination of the current regulatory environment and its real impact on corporate social responsibility strategies and actions. To answer our research question, we conducted an empirical study based on a single hypothesis tested through secondary data processing. The results show that engagement, under institutional pressure, has a positive impact on the annual publication of ESG reports on the CSR engagement of Moroccan companies.