scholarly journals An Evaluation Of The Co-Operative Business Model Within The Context Of The Global Reporting Initiative

2014 ◽  
Vol 12 (2) ◽  
pp. 179
Author(s):  
Marne Du Toit ◽  
Pieter W. Buys
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Sustainability Reporting ◽  
Modern Society ◽  
Business Environment ◽  
Global Reporting Initiative ◽  
Integrated Reporting ◽  
Reporting Framework ◽  
The Social ◽  
Modern Business

Sustainability reporting, renowned as an instrument for businesses to communicate how they function more efficiently and responsibly within the social and physical environment, while simultaneously remaining profitable, has evolved in an up-and-coming trend by businesses. In addition, this leads to integrated reporting, which implies that a business strategy, performance, risk and sustainability are inseparable from one another. The International Year of Co-operatives (2012), with the theme Co-operative Enterprises Build a Better World, recognises that co-operatives, in their range of forms, support the fullest participation in the social and economic development of people. Co-operatives also have the remarkable opportunity to grow everywhere for the reason that modern society needs their role and initiatives.This article considers to what extent the GRI guidelines, as a reporting framework, are feasible or applicable to co-operatives as a business model. The selected agricultural co-operative (Agri-Com) is used in the form of a case study, where the GRIs Sustainability Reporting Guidelines are applied to its activities. This study found that the co-operative business model performed admirably well under these guidelines and suggests that the co-operative business model is very relevant in the modern business environment.

scholarly journals Integration Level of Social Environmental Disclosure (SED) Between The Global Reporting Initiative(GRI)- Sustainability Reporting and The International Integrated Reporting Council (IIRC) Reporting Among European Companies

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Suzila Mohamed Yusof ◽  
Nazaria Md Aris ◽  
Nurul Syuhada Zaidi
Keyword(s):  
Business Strategy ◽  
Research Question ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Critical Approach ◽  
Integrated Reporting ◽  
Environmental Disclosure ◽  
Social And Environmental Disclosure ◽  
Social Environmental ◽  
International Integrated Reporting Council

This critical approach study examines the social and environmental disclosure (SED) between Sustainability Reporting (SR) and Integrated Reporting (IR) among European companies. The research question is to examine the integration level of SED within SR and IR. Applying the critical text analysis method, the GRI G3 guidelines were used to examine a sample of ten European companies. The reports for the selected companies must incorporate fully applied IR without producing any more SR in order to analyse the validity of the data. This study has discovered that there is less integration of SED in IR than SR. It is apparent that the IR approach is more towards the primary groups (investors) rather than other stakeholders, society and the environment as a whole. Hence, IR is only a mirror of sustainability for business strategy. Therefore, IR needs to engage reports with other stakeholders to sustain long-term growth.

Assessing current company reports according to the IIRC integrated reporting framework

2018 ◽  
Vol 26 (2) ◽  
pp. 305-333 ◽  
Author(s):  
Merve Kılıç ◽  
Cemil Kuzey
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Integrated Reporting ◽  
Adherence Level ◽  
Content Type ◽  
Reporting Practices ◽  
Reporting Framework ◽  
The Impact

Purpose This paper aims to investigate the adherence level of current company reports to the International Integrated Reporting Council (IIRC) integrated reporting framework through analysis of whether and to what extent those reports include the content elements of this framework. This study also aims to examine the impact of corporate sustainability characteristics on the adherence level of current company reports to the integrated reporting framework. Design/methodology/approach The sample for this research comprises the non-financial companies which were listed on Borsa Istanbul, the Turkish stock exchange, as of 31 December 2015. The authors constructed a disclosure index based on the content elements of the IIRC reporting framework. They then measured the integrated reporting disclosure score (IRS) of each company through a manual content analysis of its annual reports and stand-alone sustainability reports. To test the hypotheses, the authors performed a number of statistical analyses. Findings The authors determined that current company reports mainly present generic risks rather than company-specific; provide positive information while dismissing negative information; present financial and non-financial initiatives separately; lack a strategic focus; and include backward-looking information rather than forward-looking information. Consistent with the predictions, the authors found that the IRS is significantly and positively associated with sustainability reporting, Global Reporting Initiative (GRI) adoption, sustainability index listing and the presence of a sustainability committee. Originality/value This study contributes to the literature by enhancing the understanding of integrated reporting practices through the application of a checklist based upon the IIRC integrated reporting framework. Further, this study contributes to the literature by evaluating the impact of corporate sustainability characteristics on IRS.

scholarly journals Social Environmental Disclosure Between Gri-Sustainability Reporting and IIRC – Integrated Reporting Among European Companies

2018 ◽  
Vol 11 (6) ◽  
pp. 185
Author(s):  
Suzila Mohamed Yusof
Keyword(s):  
Business Strategy ◽  
Sustainability Reporting ◽  
Critical Approach ◽  
Integrated Reporting ◽  
Environmental Disclosure ◽  
Company Strategy ◽  
The Social ◽  
Social And Environmental Disclosure ◽  
Social Environmental ◽  
Primary Groups

This critical approach study examines the social and environmental disclosure (SED) between Sustainability Reporting (SR) and Integrated Reporting (IR) among European companies. This paper argues that IR abandons sustainability and might overlap with the functions of SR. The research questions are to examine the integration level of SED within SR and IR and look for the patterns and motifs from reviewing both reports. Applying the critical text analysis method, the GRI G3 guidelines were used to examine a sample of ten European companies. This method is applicable as it does not have rigid procedures to follow (Merkl-Davies et al., 2013). The reports for the selected companies must incorporate fully applied IR without producing any more SR in order to analyse the validity of the data. This study has discovered that there is less integration of SED in IR than SR. The analyses continued by reading and reviewing all reports to identify patterns and motifs. Company strategy and regulatory requirements, reporting style, the crucial issues of the materiality and the development of new sections in the reports were all explored. It is apparent that the IR approach is more towards the primary groups (investors) rather than other stakeholders, society and the environment as a whole. Hence, IR is only a mirror of sustainability for business strategy. Therefore, IR needs to engage reports with other stakeholders to sustain long-term growth.

Ethical environment, accountability, and sustainability reporting: What is the connection in the hospitality and tourism industry?

2021 ◽  
pp. 135481662110626
Author(s):  
Amal Hamrouni ◽  
Abdullah S Karaman ◽  
Cemil Kuzey ◽  
Ali Uyar
Keyword(s):  
Sustainability Reporting ◽  
Business Environment ◽  
Tourism Industry ◽  
Global Reporting Initiative ◽  
Ethical Business ◽  
Ethical Environment ◽  
Reporting Practices ◽  
Institutional Forces ◽  
Hospitality And Tourism ◽  
Sustainability Report

Drawing on institutional theory, this study tests how the ethical behaviors of firms, in interaction with public officials and through the strength of accountability regulations, influence sustainability reporting practices in the hospitality and tourism (H&T) sector. The results indicate that firms operating in a highly ethical business environment are less likely than those in a less ethical environment to disclose a sustainability report. However, accountability yields the opposite result; firms established in environments characterized by high accountability are more likely than low accountability environments to issue a sustainability report, which implies a complementary effect between the strength of the accountability and the firms’ sustainability disclosures. This verifies that the weakness or strength of informal and formal institutional forces exert considerable influence on firms’ desire to carry out sustainability reporting. However, this influence is not true of the acquisition of external assurance statements and following Global Reporting Initiative guidelines, with which accountability has a negative and insignificant association, respectively.

Financing Social Enterprises Through Cash Waqf

2021 ◽  
pp. 214-227
Author(s):  
Nor Razinah Mohd. Zain ◽  
Najim Nur Fauziah ◽  
Habeebullah Zakariyah ◽  
Azman Mohd. Noor
Keyword(s):  
Business Model ◽  
Social Enterprise ◽  
Qualitative Methodology ◽  
Business Models ◽  
Islamic Law ◽  
Social Enterprises ◽  
The Social ◽  
Modern Business ◽  
Analytical Review ◽  
Research Findings

This research explores the potential of cash waqf in generating capital revenue in carrying out social-based investment through social enterprises. Looking closely into two different concepts (i.e., social enterprises and waqf), this research appreciates the understanding on the modern business model of social enterprise and the innovative version of religious social finance (i.e., cash waqf). Depending on qualitative methodology and analytical review, the discussion of this research is developed. These approaches are considered suitable and pragmatic for the suggested business model of social enterprise. Here, an innovative business model with a combination of social enterprise operation and cash waqf is introduced. It has the potential to stimulate further research to innovate religious social finance instruments to current and modern business models. This research proposes a business model of social enterprise that combines cash waqf in its operation for sake of generating capital revenue. Simultaneously, such a business model has the potential to expand the cash waqf in meeting social objectives of the social enterprise. As research findings, it is found that even though waqf is derived from a religious traditional philanthropic instrument, its innovative version of cash waqf can be utilised in generating capital revenue for social enterprises. As long as the required principles of cash waqf as provided under Islamic law is fulfilled, a combination of cash waqf in the operation of social enterprise can be carried out.

Corporate sustainability disclosure’s importance in China: financial analysts’ perception

2019 ◽  
Vol 16 (8) ◽  
pp. 1169-1189
Author(s):  
Jhunru Zhang ◽  
Hadrian Geri Djajadikerta ◽  
Terri Trireksani
Keyword(s):  
Corporate Sustainability ◽  
Financial Analysts ◽  
Health And Safety ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Environmental Aspect ◽  
Content Type ◽  
Sustainability Disclosure ◽  
The Social ◽  
Level Of Importance

Purpose Corporate sustainability in China has become a subject of increasing international concern. Corporate sustainability disclosure (CSD) is considered a useful tool to facilitate the empowerment and acknowledgement of stakeholders in the quest for sustainability. However, the degree of cultural and political influences for being sustainably orientated can be significantly different between countries. This study aims to examine the perception of financial analysts, as CSD report users, in China about the level of importance of various indicators of corporate sustainability described in the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. Design/methodology/approach A set of questionnaires was developed based on GRI G4 guidelines to measure the perception of financial analysts in China on the level of importance of each sustainability indicator described in the GRI G4. A five-point Likert scale was used to measure the report users’ perceptions of each of the indicators. Findings The findings of this study increase our understanding of how Chinese CSD report users perceive corporate sustainability differently from the GRI guidelines. The main results show that the environmental aspect of sustainability was seen to be important in China, followed by the social and economic aspects. Indicator-wise, “water”, “effluents and waste”, “emissions”, “compliance” and “energy” were perceived as vital in the environmental category, while “customer health and safety”, “customer privacy” and “compliance” were considered significant in the social category. Originality/value This study addresses the need for differing corporate sustainability guidelines for different nations and cultures, specifically within the Chinese context. It also contributes to the corporate sustainability literature by adding to our understanding of how financial analysts in China, as CSD report users, perceive aspects of sustainability.

Sustainability Reporting Trend in Indian Companies as per GRI Framework: A Comparative Study

2015 ◽  
Vol 4 (1) ◽  
pp. 62-73 ◽  
Author(s):  
Anurodh Godha ◽  
Prerna Jain
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Sustainability Reporting ◽  
Third Party ◽  
Global Reporting Initiative ◽  
Environmental Care ◽  
Reporting Framework ◽  
Negative Impacts ◽  
Social Environmental

Sustainable development implies development that meets the need of the present generation without compromising the ability of future generations to meet their own needs. As a result of the global upsurge of interest in sustainable development, the sustainability reporting system has emerged. Sustainability reporting enables the creation of long-term value for organizations. It is forward-looking and includes quantitative and qualitative reporting measures. It is a key platform for communicating the organization’s economic, social, environmental and governance performance, reflecting positive and negative impacts. It can be undertaken by all types, sizes and sectors of organizations. Through the Global Reporting Initiative (GRI) Sustainability Reporting Framework, the GRI works to increase the transparency and exchange of sustainability-related information. The present study conceptually reviews sustainability reporting and its benefits for the entities. Here, an attempt has been made to examine the development in the Indian regulatory environment for sustainability reporting along with finding out trend, application level and status of the sustainability reporting practice of Indian entities as per the GRI reporting framework. The findings reveal that the development of the corporate governance standard is maturing in India. Amendments in laws and changes in the regulatory mechanism are creating pressure on entities to respond to and communicate for their sustainability concerns. With globalization, Indian companies are increasingly realizing that they have much to lose by not following sustainability reporting. In fact, many respected companies already get their sustainability reports audited by a third party to ensure its credibility. Sustainability reporting is therefore a vital step of managing change towards a sustainable global economy—one that combines long-term profitability with environmental care and social justice.

scholarly journals Sustainability Reporting and Its Impact on Financial Performance: A Study of the Sri Lankan Financial Sector

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
P. O. De. Silva
Keyword(s):  
Financial Performance ◽  
Social Performance ◽  
Sustainability Reporting ◽  
Financial Sector ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Institutional Performance ◽  
Integrated Reporting ◽  
Scarce Resources ◽  
Significant Difference

The sustainability reporting which integrates the organization’s economic, environmental and social performance towards achieving better financial performance has become a contemporary issue due to the absence of a precise model or a rigid regulatory framework in this arena. Therefore, the purpose of this study is to identify whether there is a significant difference in sustainable disclosures among the financial institutes and how sustainability reporting influence on institutional performance. Accordingly, the author derived a disclosure index from the Global Reporting Initiative (GRI) guidelines which consist of 119 parameters to evaluate the content of the reports of listed banks and financial sector companies. Analysis provided a comparison between GRI guidelines and Generation four (G4) framework. Furthermore, the study investigated the causal relationship between the level of disclosures and financial performance. To serve this purpose, data was obtained from annual reports in the Security Exchange Commission (SEC), and companies’ websites then analyzed quantitatively using SPSS 16 data analysis package.The results of the study conclude that there’s no significant difference in sustainability disclosures between listed banks and financial institutes and the number of disclosures has no significant influence on institutes’ financial performance. Furthermore, the study confirmed that there’s no significant difference between G4 framework disclosures (Adopted in 2016/2017 reporting period) and GRI guidelines (Adopted in 2017/2018 reporting period). Thereby, the study witnessed that businesses including financial institutes consume scarce resources, while paying poor attention in reporting their accountability towards the sustenance. Therefore, it needs recognizing sustainable responsibility. KeywordsCorporate Disclosures; Financial Institutions; Financial Performance, Sustainability/Integrated Reporting

scholarly journals Sustainability Reporting in Turkey: Analysis of Companies in the BIST Sustainability Index

2016 ◽  
Vol 6 (1) ◽  
pp. 41 ◽  
Author(s):  
Tuğçe Uzun Kocamiş ◽  
Gülçin Yildirim
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Management Approach ◽  
Sustainability Index ◽  
Reporting Framework ◽  
Sustainability Reports ◽  
Voluntary Basis

Sustainability reporting is a responsibility practice that towards sustainable development goals as related to corporate performance measurement, explaining and being accountable to internal and external stakeholders. Non-financial information relating to operating activities can be disclosed through sustainability reports. Sustainability reporting is a vital step of managing change towards a sustainable global economy—one that combines long-term profitability with environmental care and social justice. Sustainability reports developed using the GRI Reporting Framework covers results and consequences the emerged in the context of organization's commitments, strategy and management approach during the reporting period. Through the Global Reporting Initiative (GRI) Sustainability Reporting Framework, the GRI works to increase the transparency and exchange of sustainability-related information. The Borsa Istanbul Sustainability Index, published since 2014 is an important development for the business in Turkey which is aimed sustainable development. Sustainability reports have been prepared on a voluntary basis in Turkey and in many countries. In line with global developments the number of business is increasing who prefer to explain activities of economic, environmental and social dimensions through corporate sustainability reports in Turkey as well. This study conceptually reviews sustainability reporting and its benefits for the business. In order to see the effectiveness of the sustainability reports, sustainability reports of business in the BIST sustainability index will be subjected to content analysis basis GRI Reporting Principles on voluntary basis.

Strategic Analytics Augmented Organization

2021 ◽  
pp. 80-104
Author(s):  
Samir Yerpude
Keyword(s):  
Decision Making ◽  
Business Model ◽  
Business Strategy ◽  
Business Environment ◽  
Vital Role ◽  
Strategic Decision ◽  
Unstructured Data ◽  
Competitive Edge ◽  
Business Model Canvas ◽  
Business Goals

Business strategy is all the actions and decisions taken by the management to achieve the business goals for sustaining the competitive edge. A successful business strategy determines the longevity of the organization. The strategists analyse the vision, mission, and values to frame and articulate the business strategy. Different tools such a Business Model Canvas, etc. are then used to create the business model. Once the business strategy is created, it is also equally critical to evaluate the same amidst the changing business environment. For the validation of strategies at all levels, data plays a vital role for the management to proceed with fact-based decision making. Informed decisions based on facts reduce the probability of erroneous results assisting the businesses align to the documented strategy. Strategic analytics practice creates the essential understanding about how the quantitative techniques and methods can be deployed using the structured and unstructured data that assists strategic decision making for the organization.

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