Are The Banks on The Way of Sustainability Reporting Practices: From A Developing Country Perspective?

This study examines the extent and nature of social, economic, and environmental reporting practices of Bangladeshi-listed banks. Using content analysis technique, Information was gathered from the available annual reports of 25 banks from 2014 to 2019. Findings revealed that overall reporting of environmental information has increased by 47% from 2014 to 2019, whereas overall social reporting has increased by 30% from 2014 to 2019. Again, we tried to explore sustainability reporting practices of these banks considering 26 categories too, where the first 12 categories are used to identify environmental accounting and reporting practices and the rest 14 for social and economic reporting. The findings of 26 categories of sustainability reporting reflect that social, economic, and environmental reporting has increased greatly by 74.90% in 2019. Most of the banks disclosed mostly about energy consumption (D6) from environmental reporting while economic social (D16), education, and training (D18), health and safety (D19) and culture (D20) from social perspectives and least about activities undertaken for tree plantation (D3) from an environmental perspective. This study has great implications for the policymakers of the corporate sector and government.

Download Full-text

Informasi Akuntansi Lingkungan: Apa yang Memotivasi Perusahaan untuk Mengungkapkan?

Owner ◽

10.33395/owner.v6i1.542 ◽

2022 ◽

Vol 6 (1) ◽

pp. 471-486

Author(s):

Friendty Friendty ◽

Anita Anita

Keyword(s):

Sampling Method ◽

Auditor Independence ◽

Environmental Accounting ◽

Environmental Reporting ◽

Environmental Disclosure ◽

Reporting Practices ◽

Panel Data Regression ◽

Analysis Technique ◽

Data Regression ◽

Company Reputation

Over the years, there has been an increase in corporate initiatives in the area of environmental reporting practices. The study is conducted to analyze the factors that influence the disclosure of environmental accounting in companies in Indonesia. The sample in this study are 44 entities listed on the IDX from 2016-2020 which are collected by purposive sampling method. The data analysis technique used is panel data regression which is tested with SPSS and Eviews. The results show that firm size, auditor independence and public ownership do not affect environmental disclosure. Profitability affects environmental disclosure negatively. Leverage, listing period and company reputation positively affect environmental disclosure.

Download Full-text

Impact of Sustainability Reporting on Firm Performance of Companies in India

International Journal of Marketing and Business Communication ◽

10.21863/ijmbc/2015.4.3.018 ◽

2015 ◽

Vol 4 (3) ◽

Cited By ~ 1

Author(s):

Priyanka Garg

Keyword(s):

Environmental Sustainability ◽

Rural Livelihoods ◽

Sustainability Reporting ◽

Annual Reports ◽

Marginal Lands ◽

Great Ability ◽

Reporting Practices ◽

Long Run ◽

Short Run ◽

Core Idea

The core idea of sustainability is that current decisions should not impair the prospects for maintaining or improving future living standards (Repetto, 1986). GRI (2006) defined sustainability as meeting the needs of the present without compromising the ability of future generations to meet their needs. The challenges of sustainable development are many and it is widely accepted that organizations have not only a responsibility but also a great ability to exert positive change on the state of the worlds economy, and environmental and social conditions. Further, the issue of environmental sustainability is intertwined with that of poverty and inequity. The causative relationship runs both ways- increased poverty and loss of rural livelihoods accelerates environmental degradation as displaced people put greater pressure on forests, fisheries, and marginal lands. The present study has made an attempt to investigate the relationship between sustainability reporting and financial performance of companies in India. Data have been collected with the help of annual reports of selected companies and Prowess Database. Collected data have been analyzed with the help of SPSS 16.0. The study shows that sustainability reporting practices of companies has improved over the time. Further, research reveals that sustainability reporting practices of a firm impact its performance negatively in short run while positively in long run.

Download Full-text

How do public companies respond to national challenges through sustainability reporting? – The case of Sri Lanka

Qualitative Research in Accounting & Management ◽

10.1108/qram-06-2020-0088 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Dinithi Dissanayake ◽

Carol A. Tilt ◽

Wei Qian

Keyword(s):

Sri Lanka ◽

Developing Country ◽

National Level ◽

National Development ◽

Sustainability Reporting ◽

Annual Reports ◽

Structured Interviews ◽

Content Type ◽

Integrative Social Contracts Theory ◽

Reporting Practices

Purpose The purpose of this paper is to explore how sustainability reporting is shaped by the global influences and particular national context where businesses operate. Design/methodology/approach The paper uses both content analysis of published sustainability information and semi-structured interviews with corporate managers to explore how sustainability reporting is used to address unique social and environmental challenges in a developing country – Sri Lanka. The use of integrative social contracts theory in investigating sustainability reporting offers novel insights into understanding the drivers for sustainability reporting practices in this particular country. Findings The findings reveal that managers’ perceptions about usefulness of sustainability reporting, local contextual challenges and global norms influence the extent to which companies engage in sustainability reporting and the nature of sustainability information reported. In particular, Sri Lankan company managers strive to undertake sustainability projects that are beneficial not only to their companies but also to the development of the country. However, while company managers in Sri Lanka are keen to undertake sustainability reporting, they face different tensions/expectations between global expectations and local contextual factors when undertaking sustainability projects and reporting. This is also showcased in what is ultimately reported in company annual reports, where some aspects of sustainability, e.g. social, tend to focus more on addressing local concerns whereas other disclosures are on issues that may be relevant across many contexts. Research limitations/implications Important insights for government and other regulatory authorities can be drawn from the findings of this study. By capitalising on the strong sense of moral duty felt by company managers, policymakers can involve the business sector more to mitigate the social and environmental issues prevalent in Sri Lanka. The findings can also be used by other developing countries to enable pathways to engage with the corporate sector to contribute to national development agendas through their sustainability initiatives and projects. Originality/value While the usual understanding of developing country’s company managers is that they try to follow global trends, in Sri Lanka, this research shows how managers are trying to align their responsibilities at a national level with global principles regarding sustainability reporting. Therefore, this paper highlights how both hypernorms and microsocial rules can interact to define how company managers undertake sustainability reporting in a developing country.

Download Full-text

Business Responsibility Reports- A Case Study of ITC Ltd.

IRA-International Journal of Management & Social Sciences (ISSN 2455-2267) ◽

10.21013/jmss.v6.n2.p15 ◽

2017 ◽

Vol 6 (2) ◽

pp. 306

Author(s):

Ankita Kashyap

Keyword(s):

Social Responsibility ◽

Consumer Satisfaction ◽

Social Economic ◽

Annual Reports ◽

Customer Engagement ◽

Un Global Compact ◽

Iso 26000 ◽

Reporting Practices ◽

Corporate Social ◽

Voluntary Guidelines

<div>The paper focuses on the various National/ international guidelines that exist globally on Corporate Social Responsible Behaviour. These guidelines include National Voluntary Guidelines on Social, Economic and Environmental Responsibility (NVGs), ISO 26000, GRI G3.1 Sustainability Guidelines, AccountAbility’s AA 1000 Standards and UN Global Compact. The author has tried to compare the above mentioned guidelines in order to find out the additional elements that should be included in Business Responsibility Reports to make disclosures and reporting on CSR more comprehensive.The Business Responsibility Report of ITC Ltd. is studied and analyzed to find out the missing elements in its disclosures. The study specifically analyses the disclosures made by the company with respect to Principle 2, 4 and 9 of National Voluntary Guidelines. I have tried to analyse the disclosure made by the company on the basis of these five parameters 1) Disaggregated information 2) Sustainability quantification 3) Stakeholder engagement 4) customer engagement and 5) Consumer satisfaction.This paper tries to find out the quality of disclosures made by ITC Ltd. in its BRR with respect to social, economic and environmental responsibilities. The main aim of the paper is to analyze the effect of social responsibility practices on different stakeholders. Does the BRR submitted by the companies as part of their Annual Reports really lead to value creation for the stakeholders? Or the reports try to create only a façade of their social responsibility practices to deceive the stakeholders? We try to lift this veil behind their reporting practices to find out their actual social behavior.</div>

Download Full-text

Development of mandatory & voluntary instruments of sustainability reporting (SR) according to carrots & sticks 2006 - 2016

The Indonesian Accounting Review ◽

10.14414/tiar.v10i1.1931 ◽

2020 ◽

Vol 10 (1) ◽

Author(s):

Ririn Breliastiti

Keyword(s):

Stock Exchange ◽

Sustainability Reporting ◽

Developed Countries ◽

Asia Pacific ◽

Annual Reports ◽

Global Reporting Initiative ◽

Environmental Reporting ◽

Government Regulations ◽

The World ◽

The Government

Sustainability Report (SR) has become one of the main reports of the world's leading companies. In 2005, it was found that more than 250 top companies listed on the Fortune 500 had prepared SR separately from the Annual Report. The development of the number of SRs in each country varies. In the developed countries, awareness to compile and issue SR is supported by government regulations so that SR becomes mandatory. In developing countries, SR is still voluntary because there is still no regulation that requires companies to compile and issue SR. The Carrots & Sticks report, compiled and published by KPMG, United Nations Environment Program, Unit for Corporate Governance in Africa & the Global Reporting Initiative (GRI), provided details on the development of mandatory and voluntary instruments in implementing Sustainability Reporting (SR) in various Countries throughout the world from 2006 to 2016. Therefore, this research aims to find out the development of the mandatory and voluntary instruments (government policies) related to SR in the world. This type of research is a literature review. The research instrument used consists of a tabulation containing the development of the mandatory and voluntary instruments (government policy) related to SR in the world, then the researcher conducted an analysis of these findings. The results show that there is an increasing enthusiasm for the application of SR throughout the world. There is an increase in commitment and efforts to achieve transparency and accountability. In countries that have an interest in SR, there has been a significant development, such as 19 countries in 2006, 32 countries in 2010, 45 countries and regions in 2013, and 71 countries and regions in 2016. Indonesia is one of the countries in the Asia Pacific region that has given attention to SR and has its regulations. SR regulations have grown from 180 in 2013 to 400 in 2016, with government regulations dominating 80% of all regulations. Mandatory instruments dominate more than voluntary instruments. Application of SR 30% is for large companies that have been listed on the stock exchange. SR reporting by public companies has covered all sectors on the stock exchange. This development was greatly influenced by the role of the government which encouraged companies to disclose information about sustainability in their annual reports. "Social" reporting instruments show a faster development than "environmental" reporting instruments.

Download Full-text

Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

Corporate Social Responsibility ◽

10.4018/978-1-5225-6192-7.ch037 ◽

2019 ◽

pp. 697-721

Author(s):

Md. Nazrul Islam ◽

Mohammad Ashraful Ferdous Chowdhury ◽

Mehedi Hasan Tuhin ◽

Md. Masud Sarker

Keyword(s):

Fixed Effects ◽

Banking Sector ◽

Positive Impact ◽

Stock Exchange ◽

Annual Reports ◽

Environmental Reporting ◽

Reporting Practices ◽

The Social ◽

Social Environmental ◽

Corporate Social

The study aimed to explore the social, environmental and governance (SEG) reporting practices of Banking sector of Bangladesh. In conducting the study, the longitudinal data has been used over the period 2000-2015 taking all the 30listed private commercial banks in Dhaka Stock Exchange Limited. Three separate reporting index for social, environmental and governance have been developed to measure reporting practices using the dichotomous method from the published annual reports of banks. The analysis found that corporate social, environmental and governance reporting has been increased over the study period. The statistical measure showed that social, governance and environmental reporting were made 46%, 49% and 1% respectively over the period while total SEGwas 39% over the period. The econometrics models using fixed effects showed that corporate profitability, size, age and leverage have positive impact on SEG reporting. The main cause of low SEG reporting could be due to the insufficient laws and framework of SEG reporting.

Download Full-text

How is using of the Indonesian Banking Environmental Disclosure with GRI?

Jurnal Penelitan Ekonomi dan Bisnis ◽

10.33633/jpeb.v6i2.4355 ◽

2021 ◽

Vol 6 (2) ◽

pp. 135-146

Author(s):

Rizky Windar Amelia ◽

Aditya Pandu Wicaksana ◽

Desi Zulvina ◽

Syska Lady Sulistyowatie

Keyword(s):

Content Analysis ◽

Data Analysis ◽

Stock Exchange ◽

Statistical Tests ◽

Sustainability Reporting ◽

Annual Reports ◽

Islamic Banking ◽

Environmental Disclosure ◽

Data Analysis Technique ◽

Analysis Technique

This study aims to determine how the differences in environmental disclosure in conventional banking with Islamic banking using the GRI index. This study found that conventional banking has a higher environmental disclosure than Islamic banking. In addition, the results of this study state that the disclosure of the Islamic banking environment is more representative when using the ISR index when compared to the GRI index. The data used are in the form of annual reports and sustainability reporting of conventional banking companies and Islamic banking listed on the Indonesia Stock Exchange in 2019. The data analysis technique used in this study is content analysis and statistical tests to confirm the results. Keywords: environmental disclosure, GRI index, ISR index, Indonesian Banking

Download Full-text

A longitudinal Examination of Environmental Reporting Practices in Malaysia

Gadjah Mada International Journal of Business ◽

10.22146/gamaijb.5538 ◽

2009 ◽

Vol 11 (1) ◽

pp. 37 ◽

Cited By ~ 6

Author(s):

Bakhtiar Alrazi ◽

Maliah Sulaiman ◽

Nik Nazli Nik Ahmad

Keyword(s):

Social Issue ◽

Life Cycle ◽

Ad Hoc ◽

Annual Reports ◽

Environmental Reporting ◽

Reporting Practices ◽

Life Cycle Theory ◽

Increasing Trend ◽

Longitudinal Examination

A content analysis of the annual reports of 96 Malaysian companies in 1999, 2003 and 2006 finds that the number of companies reporting on the environment increased from 47 percent in 1999 to 60 percent in 2003, and further increased to 67 percent in 2006. However, the extent of environmental reporting as measured by the number of environmental sentences and disclosure scores (using a self-constructed disclosure index) indicates a low quality of disclosure. Overall, the disclosure is ad-hoc and predisposed towards building a “good corporate citizen” image. The increasing trend, however, is consistent with the prediction of social issue life cycle theory.

Download Full-text

Board of Directors and Environmental Reporting: Evidence From Plantation Industry.

The Journal of Social Sciences Research ◽

10.32861/jssr.spi5.916.925 ◽

2018 ◽

pp. 916-925

Author(s):

Raudah Siman ◽

Rina Fadhilah Ismail ◽

Zanariah Aziz@ Omar ◽

Zuraidahq Mohd Zam

Keyword(s):

Annual Reports ◽

Environmental Reporting ◽

Policy Makers ◽

Listed Firms ◽

Reporting Practices ◽

Board Characteristics ◽

Content Analysis Method ◽

Regulatory Bodies ◽

Code Of Corporate Governance ◽

The Relationship

The purpose of this study is to examine the extent of environmental reporting by listed firms in the plantation industry in Malaysia. The relationship between board characteristics and the extent of environmental reporting by listed firms in Malaysia plantation industry is examined for the first three years after the issuance of the new revised Malaysian Code of Corporate Governance in 2012 (MCCG 2012). Three board characteristics have been used to explain the level of environmental reporting by Malaysia’s plantation industry firms. The correlation analysis is employed to investigate the relationship between the board characteristics and environmental reporting. This study employs a content analysis method by reviewing 110 annual reports consisting of 37 firms listed in Bursa Malaysia for three years (2013-2015). The result reports that most of the board characteristics are not significantly related to environmental reporting by the firms. Out of six measurements, only the environmental related expenses have a positive relationship with environmental reporting. The results from this study may provide knowledge and empirical understanding concerning the environmental reporting practices by the plantation industry. The policy makers and regulatory bodies such as Bursa Malaysia and Securities Commission may consider formulating guidelines for reporting environmental information to encourage voluntary compliance.

Download Full-text