scholarly journals Prevalence of sustainability reporting practices of listed companies on established and emerging stock exchanges

2013 ◽  
Vol 16 (1) ◽  
pp. 75-82 ◽  
Author(s):  
Brendan K. Turk ◽  
Charlie Shackleton ◽  
Kevin Whittington-Jones
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Environmental Issues ◽  
Stock Exchanges ◽  
Reporting Practices ◽  
Emerging Stock Markets ◽  
Catching Up ◽  
Developing Markets ◽  
Sustainability Principles ◽  
Sustainability Report

The business sector has a substantial role in addressing current environmental issues and concerns. Consequently, there is a growing adoption of corporate sustainability principles and practices across all market sectors. This study examined four developed and four emerging stock markets and the sustainability reporting practices of the top 20 and bottom 20 companies in each. The results illustrate that the developed market sector was more advanced in its corporate sustainability reporting, both in the proportion of companies issuing a sustainability report (approximately 60 per cent) and the proportion of company webpages dedicated to sustainability reporting. This difference was largely due to the effect of the top 20 companies. There was little difference between developed and developing markets when only the bottom 20 companies were considered, of which less than one-third provided sustainability reports.  These results show that sustainability reporting is prevalent in both developed and developing markets, especially among market leading companies, but that overall, most developing markets have some catching up to do. 

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.

scholarly journals Corporate Sustainability Reporting in the BIST Sustainability Index

2016 ◽  
Vol 6 (10) ◽  
pp. 21 ◽  
Author(s):  
Burcu Demirel ◽  
Murat Erdogan
Keyword(s):  
Content Analysis ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Development Stage ◽  
Global Reporting Initiative ◽  
Sustainability Index ◽  
Sustainability Reports ◽  
Working Day ◽  
Sustainability Report ◽  
Day By Day

<p>In recent years, there is a growing focus on corporate operations especially since the publication of the first environmental reports in 1989. Companies have started to publish information about its environmental, social and sustainability policies. The study examines the sustainability reporting elements of Borsa Istanbul Sustainability Index (BIST) in Turkey and to evaluate which elements is most vital in this context. This study will begin with the sustainability reporting that will be examined under the roof of corporation sustainability and end with the examination of sustainability reports of 15 firms, which are included in the BIST Sustainability Index in Turkey, and a content analysis. The reports of companies under study were taken from special web site and GRI (Global Reporting Initiative) database of companies. Being the first study in examining the sustainability report of companies in BIST Sustainability Index, it is expected to contribute in literature about sustainability reporting recently started to gain importance in Turkey. Overall our findings suggest that the sustainability index established in Turkey is still in development stage, but the enterprises in the endeavor are working day by day to develop the sustainability qualities.</p>

scholarly journals SUSTAINABILITY REPORTING PRACTICES WITH SPECIAL REFERENCE TO CEMENT INDUSTRY IN INDIA

2021 ◽  
Vol 4 (2) ◽  
pp. 18-29
Keyword(s):  
Sustainable Development ◽  
Special Reference ◽  
Sustainability Reporting ◽  
Environmental Issues ◽  
Cement Industry ◽  
Manufacturing Companies ◽  
Reporting Practices ◽  
Corporate Activity ◽  
Cement Manufacturing ◽  
Reporting Pattern

Over recent years, there has been a focus in corporate activity upon the concept of sustainability reporting. Sustainability reporting has gained importance by Indian companies and corporates have adopted sustainability reporting practices since few years. Sustainability reporting of an organisations provides information about discharge of social reasonability and level of sensitivity of organisations towards social and environmental issues. Though sustainability reporting is not compulsory in the country many companies are reporting their initiatives in the direction of sustainable development. This paper attempt to evaluate sustainability reporting by leading Cement Manufacturing companies. This paper describes reporting pattern of cement industry in India.

scholarly journals An Analysis of Information Materiality on Corporate Sustainability Report Using Information Materiality Map: A Review in Mining Industry in Indonesia

2018 ◽  
Author(s):  
Putu Sukma Kurniawan
Keyword(s):  
Stock Exchange ◽  
Corporate Sustainability ◽  
Mining Industry ◽  
Secondary Data ◽  
Sustainability Reporting ◽  
Document Analysis ◽  
Sustainability Reports ◽  
New Perspective ◽  
Material Information ◽  
Sustainability Report

This research aims to provide an overview of information that is material in sustainability reporting in Indonesia, especially material information in sustainability report in mining industry in Indonesia. The design of this research is document analysis. In this context, this study try to achieve an understanding of the document's contents from corporate sustainability report. This research used sustainability report published by companies in mining industry fields, particularly mining companies which competed in Indonesia Sustainability Reporting Award (ISRA) in 2014, 2015 and 2016. Data was collected by secondary data through the official website of Indonesia Stock Exchange as well as the company's official website. The data of sustainability reports were analyzed descriptively by analyzing the content of the sustainability report. This study can help to build a new perspective about material information in sustainability report in Indonesian mining industry. Keywords: Information Materiality Map, Sustainability Reporting, Sustainability Report, Mining Industry

Rising standards of sustainability reporting in India

2018 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Puneeta Goel
Keyword(s):  
Social Responsibility ◽  
Financial Performance ◽  
Sustainability Reporting ◽  
Successful Implementation ◽  
Content Type ◽  
Reporting Practices ◽  
Significant Difference ◽  
Reform Period ◽  
The Impact ◽  
Sustainability Report

Purpose The increasing awareness among the stakeholders demands the companies to be more transparent in their annual reporting. In the absence of standardized reporting norms, companies are free to structure sustainability report as per their understanding, willingness and intent. Although some voluntary guidelines have been issued by the regulatory authorities in India, the norms are still not clear as to what to report and how to report. This paper aims to look in to sustainability reporting practices by top companies listed in Bombay stock exchange and its impact on financial performance. Design/methodology/approach Using this sample of 68 companies from top 100 in the list of ET500 for 2016, self-constructed sustainability reporting score has been computed for each company for the financial year 2012-2013 and 2015-2016. The two periods represent pre- and post-disclosure reform periods in India. A sustainability reporting scale has been constructed using 16 parameters of sustainable performance based on social, environment and governance aspects as reported in the annual report, sustainability report and business responsibility report. Findings It has been found that there is a significant improvement in sustainability reporting by Indian companies after the introduction of disclosure reforms. Different sectors show significant difference in the sustainability reporting during pre-reform period but as the sustainability reporting improves after the reforms, sector difference reduces. Sustainability reporting is a significant predictor of financial parameters of return on sales, return on equity and Tobin’s Q in pre-reform period, but in the post-reform period, no significant impact was found on financial performance. Practical implications Disclosure reforms have made a significant impact on sustainability reporting by Indian companies. Companies need to identify the core areas of social responsibility, to implement Indian model of mandatory 2 per cent spending on corporate social responsibility. Disclosure of carbon foot prints should be mandatory and more number of independent directors should be appointed for successful implementation of these reforms. Market regulators should be made more powerful and given a free hand to prosecute the companies involved in frauds and high penalties should be imposed for non-compliance. Originality/value Sustainability reporting has drawn increased strategic attention in India to make reporting more transparent and responsible toward society and environment. The structural changes and introduction of disclosure reforms make an interesting case to investigate their implications on Indian companies. Accordingly, this research studies the sustainability reporting by Indian companies before and after the introduction of disclosure reforms. No previous research has investigated the impact of these reforms considering two different periods.

scholarly journals Sustainability Reporting and Firms’ Economic Performance: Evidence from Asia and Africa

2020 ◽  
Author(s):  
Alicia Girón ◽  
Amirreza Kazemikhasragh ◽  
Antonella Francesca Cicchiello ◽  
Eva Panetti
Keyword(s):  
Economic Performance ◽  
Developing Economies ◽  
Manufacturing Sector ◽  
Sustainability Reporting ◽  
Environmental Issues ◽  
Women Directors ◽  
Reporting Practices ◽  
Global Environmental ◽  
Sustainability Disclosure ◽  
The Relationship

Abstract Given the increasing concern for the global environmental issues and the relating need for preservation of the ecosystem, sustainability reporting has become more and more important, to both developed and developing economies, sparking the interest of the literature. This study primarily aims to investigate the factors that influence the adoption of new sustainability reporting practices and external assurance. Also, this paper examines the relationship between the reporting activity and firms’ economic performance. The paper combines data from the Global Reporting Initiative’s (GRI) Sustainability Disclosure Database and the Orbis database, from Bureau van Dijk. More specifically, the study uses two logit models and one regression model based on a sample of 366 large Asian and African companies which have addressed the SDGs in their sustainability reports published in 2017. The results reveal that operating in the manufacturing sector and having a higher percentage of women directors in the company’s management structure are positively related to the adoption of sustainability reporting and external assurance. Also, operating in the manufacturing sector leads to better firms’ economic performance. Contrarily from previous studies, the age of the company’s board of directors does not have influences on the use of sustainability reporting. This research contributes to the sustainability issues in the context of emerging markets by explaining the driving factors behind it and its linkage with firms’ performance.

Compliance in Sustainability Reporting

2019 ◽  
pp. 38-65
Author(s):  
Svetlana Snezhko ◽  
Ali Coskun
Keyword(s):  
Sustainable Development ◽  
Best Practices ◽  
Financial Reporting ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Positive Trend ◽  
Reporting Practices ◽  
Main Achievement ◽  
Corporate Reporting ◽  
Sustainability Reports

The research is aimed at assessing the benefits of compliance for corporate sustainability and sustainable development. The main achievement of the research is the outcome of the survey on companies' public reports to identify the trends and measure the progress achieved in disclosing information on compliance. There are both business and public drivers for disclosure of compliance information in non-financial reporting. Best practices in disclosing information on compliance by the company-leaders were revealed. There is a positive trend in the expansion of information on compliance in sustainability reports in recent years. Some problematic areas in reporting on compliance were identified. The outcomes of the research call for companies to disclose information on compliance in a more explicit way. The results may be valid for the improvement of corporate reporting practices.

Organisations' Responsibilities towards Corporate Sustinability

2017 ◽  
pp. 790-804
Author(s):  
Arunasalam Sambhanthan ◽  
Vidyasagar Potdar
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Analysis Tool ◽  
Research Papers ◽  
Roles And Responsibilities ◽  
Reporting Practices ◽  
Proper Definition ◽  
Role Based ◽  
Definition Of ◽  
Published Research

This paper analyses published literature to determine the organizational responsibilities towards business sustainability. Over two hundred published research papers in this space have been subjected to content analysis using NVivo qualitative analysis tool. The results reveal that there are three major types of responsibilities namely social responsibilities, environmental responsibilities and the role based responsibilities which the organizations have in terms of ensuring corporate sustainability. These responsibilities have been found to be effectively achieved through effective corporate sustainability reporting practices, policy level concerns backed by values and principles, coordination of consumer inputs, ensuring stakeholder understanding about their roles and responsibilities and effective risk management backed by proper definition of roles and responsibilities. A number of conclusions along with implications for practice have been derived as the outcome of the documented research.

scholarly journals Corporate Sustainability Practices in Polluting Industries: Evidence from India, China and USA

2020 ◽  
Vol 15 (1) ◽  
pp. 161-168
Author(s):  
Prem Sagar Mishra ◽  
◽  
Ajay Kumar ◽  
Niladri Das
Keyword(s):  
Financial Reporting ◽  
Social Performance ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Legitimacy Theory ◽  
Reporting Practices ◽  
Corporate World ◽  
Financial Perspective ◽  
Sustainability Reports ◽  
Sustainability Practices

In recent years, the tilt of the corporate world towards non-financial reporting can be clearly seen from traditional accounting practices. Sustainability reporting disclosures are an important tool for providing information about the environmental and social performance of companies to their various stakeholders. From a financial perspective, for any firm, there is always a possibility of reporting more of the information that favours their interests or conceal that which is not in their favour. This study evaluates the annual and sustainability reports of 380 Indian, 400 Chinese and 400 USA companies from five highly polluting industries on the basis of GRI (global reporting initiatives) guidelines. From the result, it is inferred that the findings are consistent with the legitimacy theory. The result shows that the profitability and capital structure of firms in the sample do not affect the sustainability reporting practices significantly. In addition, larger firms have a tendency to disclose more information in their annual and sustainability reports than smaller firms.

scholarly journals The Legal Framework of Shareholders Activism in Malaysia in Promoting Environmental, Sustainability and Governance (ESG)

2021 ◽  
Vol 6 (16) ◽  
pp. 203-208
Author(s):  
Muhammad Umar Abdul Razak ◽  
Wan Zulhafiz Wan Zahari ◽  
Abdul Mu'iz Abdul Razak ◽  
Azlan Roni ◽  
Nurul Ula Ulya
Keyword(s):  
Environmental Sustainability ◽  
Corporate Sustainability ◽  
Publishing House ◽  
Sustainability Reporting ◽  
General Meeting ◽  
Legal Framework ◽  
Legal Analysis ◽  
Reporting Practices ◽  
International Publishing ◽  
Open Access Article

Environmental, sustainability and governance (ESG) are components in a corporate sustainability reporting. This paper analysed the legal framework in Malaysia to promote ESG. It employed library-based doctrinal study and comparative legal analysis in a descriptive, analytic and prescriptive manner. Despite the availability of legal framework, the shareholder’s proposal is mostly turned down in general meeting. Nevertheless, there is a growing trend of shareholders activist advocating ESG-related matters. This paper contributes to the discussion on strengthening the framework to promote ESG reporting practices in Malaysia. Keywords: ESG; shareholders activism, shareholder’s proposal, eISSN: 2398-4287© 2021. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v6i16.2663

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