scholarly journals Environmental Reporting and Sustainbility Reports in Oil Companies in Nigeria

2020 ◽  
Vol 12 (1) ◽  
pp. 310
Author(s):  
Joseph U. Madugba ◽  
E. Ben-Caleb ◽  
T. U. Agburuga ◽  
W. C. Ani ◽  
S. L. Jegede ◽  
...  
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Corporate Image ◽  
Global Reporting Initiative ◽  
Environmental Reporting ◽  
Oil Companies ◽  
Ex Post ◽  
Petroleum Companies ◽  
Sustainability Reports ◽  
Corporate Environmental Reporting

Environmental reporting is crucial for corporate survival as it builds corporate image, but certain procedures and regulations must be put in place to guide such reporting. Accordingly, this study examined environmental reporting and sustainability reports by oil companies in Nigeria with the aim of assessing the relationship between corporate environmental reporting and determinant of sustainability reports. Ex-post-facto and survey research design were adopted and data were sourced from structured questionnaires administered to corporate respondents and a 56 item sustainability reporting index adapted from the Global Reporting Initiative. Descriptive statistics were carried out, one way and two factors ANOVA and Post hoc test were all conducted. The study provided evidence of a positive and significant variation between corporate environmental reporting and determinants of sustainability reports in petroleum companies in Nigeria. The study recommended that management of petroleum companies should ensure compliance with corporate sustainability reporting.

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 Corporate Sustainability Reporting

2005 ◽  
pp. 164-212 ◽  
Author(s):  
Ralf Isenmann
Keyword(s):  
Information Needs ◽  
Corporate Sustainability ◽  
Stakeholder Analysis ◽  
Sustainability Reporting ◽  
Three Dimensions ◽  
The Internet ◽  
Environmental Reporting ◽  
Target Groups ◽  
Ict Infrastructure ◽  
Corporate Environmental Reporting

Corporate environmental reporting using the Internet – especially the WWW – is a rapidly emerging and increasingly popular method. Today, online environmental reporting has become part of business practices and daily affairs for a number of companies, and thus many of the environmental communication vehicles provided for companies’ target groups and other stakeholders (users) are available on the WWW: reports, brochures, leaflets, newsletters, press releases, slides, presentations, audio sequences, video clips and so forth are accessible via download and/or online, prepared for being pulled or automatically disseminated via e-mail or other current push technologies. Despite the considerable progress companies have made in recent years, however, it is not yet clear just how environmental reporting will advance to the next stage. In particular, the role of the Internet as an emerging computer-based medium and its unique capabilities in form and content need to be understood better. This chapter describes how to develop from early environmental reporting stages towards the more advanced sustainability reporting, while exploiting the Internet’s specific capabilities properly. This path is illustrated as a progression in environmental reporting along three dimensions: integration of financial and social issues into environmental reporting, provision of reporting instruments on various media and fine tuning communication vehicles according to users’ needs and preferences. These trends in terms of a more balanced reporting approach, cross media availability and customization seem to be converging to push the field towards sustainability reporting based on the Internet as a backbone for companies’ underlying ICT infrastructure. Without support from ICT, progress in the field toward sustainability reporting is seen as quite difficult, as moving away from orthodox environmental reporting is a complex task. Hence, a framework on how to use the Internet and its associated technologies is proposed, including four conceptual components: stakeholder analysis, information requirement analysis, XML-based document engineering and ICT architecture of an Internet-based reporting system. When employing such an Internet-based approach, it is argued here, the company will be in a position to carry out its tasks of information management well, using its human and organizational resources more efficiently, and communicating on environmental and sustainability issues in a meaningful way; that is, facilitating stakeholder dialogue, interactivity, feedback possibilities and tailor-made reports that respond precisely to the requirements of certain reporting standards and guidelines, or exactly to the information needs of the target groups.

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.

CREDIBLE CLAIM OR CORPORATE SPIN?: A CHECKLIST TO EVALUATE CORPORATE SUSTAINABILITY REPORTS

2013 ◽  
Vol 15 (03) ◽  
pp. 1350012 ◽  
Author(s):  
LIDEWIJ VAN DER PLOEG ◽  
FRANK VANCLAY
Keyword(s):  
Corporate Social Responsibility ◽  
Stakeholder Engagement ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Vulnerable Groups ◽  
Global Reporting Initiative ◽  
Sustainability Reports ◽  
Negative Impacts ◽  
Corporate Social

In response to the establishment of universally-accepted principles about sustainability and corporate social responsibility (CSR), corporations are now producing Sustainability Reports (SRs). Corporations are expected to document their positive and negative impacts on society. However, the veracity of the information in these reports is being questioned. To what extent is it greenwashing? While the Global Reporting Initiative (GRI) provides a framework for reporting, effective mechanisms to evaluate reports are lacking. We propose a Sustainability Reporting Assessment Checklist of 10 questions as a functional tool for use by stakeholders to evaluate the content of SRs. For a demonstration of the effectiveness of the checklist, it is applied to a real but anonymous company. The questions cover: accessibility; readability; the use of an established framework (e.g. GRI); incorporation of CSR and sustainability into long-term strategy; consideration of all relevant aspects of operations; use of evidence to support claims; documented stakeholder engagement; supply chain responsibility; documented impacts on all stakeholders (including vulnerable groups and negatively affected groups); and assurance assessment.

scholarly journals Analyzing the quality disclosure of Global Reporting Initiative G4 sustainability report in Indonesian companies

2020 ◽  
Vol 17 (4) ◽  
pp. 453-468
Author(s):  
Wika Harisa Putri ◽  
Handoko Arwi Hasthoro ◽  
Ghea Maudhia Putri
Keyword(s):  
Sustainability Reporting ◽  
Economic Indicator ◽  
Environmental Indicators ◽  
Global Reporting Initiative ◽  
Corporate Accountability ◽  
Financial Industry ◽  
Environmental Reporting ◽  
Industry Classification ◽  
Sustainability Reports ◽  
Sustainability Report

The establishment of a company cannot be separated from its environmental and social factors. Sustainability reports start from those applied to current companies because there are forms of corporate accountability to stakeholders and community considerations of the company to provide social responsibility. This study finds out and empirically proves that there are differences in each Global Reporting Initiative (GRI) G4 indicator in the company’s sustainability report in each industry classification. The authors investigate the dominant indicators in each industry classification based on sustainability reports. The data are obtained from 28 GRI G4-based company sustainability reports in 2016 and 2017. The analytical method in the study is the K-means clustering analysis. The results of study indicate the differences in GRI G4 in 2016 and 2017. The researchers find out that the dominant indicator expressed in the financial industry is an economic indicator. Meanwhile, in the mining, transportation and infrastructure industries, basic and chemical industries etc. the dominant indicators to be disclosed are environmental indicators. This research provides a theoretical basis for sustainability and environmental reporting, particularly in the context of developing countries. It is expected that this study should also inform business practitioners as well as policymakers vis-à-vis sustainability reporting in practice.

Corporate Sustainability Reporting and Stakeholder Concerns: Is There a Disconnect?

2016 ◽  
Vol 31 (1) ◽  
pp. 83-102 ◽  
Author(s):  
Marianne Bradford ◽  
Julia B. Earp ◽  
D. Scott Showalter ◽  
Paul F. Williams
Keyword(s):  
Large Scale ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Economic Dimension ◽  
Stakeholder Groups ◽  
Wide Variability ◽  
Different Dimensions ◽  
Stakeholder Evaluation ◽  
Sustainability Reports

SYNOPSIS The number of companies reporting their corporate sustainability (CS) activities has significantly increased over the last decade. The result being a wide variability in the types of activities being reported and the ways the information is presented. An unanswered question is whether the information being reported by companies following the Global Reporting Initiative (GRI) CS framework is of interest to arguably one of the primary stakeholder groups, customers. Our study seeks to fill this knowledge gap by comparing the content of CS reports to results from a large-scale consumer stakeholder survey. By performing factor analysis on stakeholder evaluation of the importance of CS activities, we find that consumers see different dimensions than those put forth by the GRI framework, thereby suggesting a disconnect between corporate sustainability reporting and stakeholder views and interests. Our results indicate that risk and compliance are dimensions of interest to customers, while the GRI economic dimension is not viewed as important. Additionally, a new dimension of social justice is the most important to consumer stakeholders. Furthermore, the study highlights particular activities within each factor that are most important to the consumer stakeholder group. This research has implications for preparers of sustainability reports and organizations, such as the GRI, that establish guidance for sustainability reporting.

Hard and soft sustainability disclosures: Australia’s resources industry

2016 ◽  
Vol 29 (2) ◽  
pp. 198-217 ◽  
Author(s):  
Tricia Ong ◽  
Terri Trireksani ◽  
Hadrian Geri Djajadikerta
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Environmental Aspects ◽  
Environmental Index ◽  
Content Type ◽  
The Social ◽  
Sustainability Reports ◽  
Scoring Index

Purpose Although studies in corporate sustainability have been vastly growing, there has been an increasing demand for more industry-specific sustainability reporting studies to develop a greater understanding of industry differences in sustainability reporting practice. This study aims to measure the quality of sustainability disclosures in the current leading environmentally sensitive industry in Australia – the resources industry. Design/methodology/approach A scoring index was developed to measure economic, social and environmental aspects of sustainability by integrating the fundamental principles of the hard and soft disclosure items from Clarkson et al.’s (2008) environmental index into the social and economic aspects of the Global Reporting Initiative framework. Subsequently, the index was used to assess sustainability disclosures in the annual and sustainability reports of resources companies in Australia. Findings The main findings show that companies report more of soft disclosure items than the hard ones. It is also found that companies report most sustainability information in the economic aspect rather than the social and the environmental aspects of sustainability. Most companies disclose sustainability information in their annual reports with few companies producing stand-alone sustainability reports. Originality/value This study addresses the need for more industry-specific sustainability studies by focusing on Australia’s resources industry. It also contributes to the lack of an existing tool to measure disclosures based on companies’ true contributions to sustainability by developing a new scoring index for hard and soft sustainability disclosures, which includes all three aspects of sustainability (i.e. economic, environmental and social).

scholarly journals Understanding sustainability for socially responsible investing and reporting

2017 ◽  
Vol 1 (1) ◽  
pp. 10-35 ◽  
Author(s):  
Marianne Bradford ◽  
Julia B. Earp ◽  
Paul F. Williams
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Content Type ◽  
Corporate Behavior ◽  
Good Citizen ◽  
Responsible Investing ◽  
Reporting Structure ◽  
Sustainability Reports

Purpose The purpose of this paper is to determine what types of sustainability activities companies are reporting and whether persons external to the companies understand how those reported activities correspond to the companies’ narratives about sustainability. That is to ascertain how people interpret the meaning of the activities included in the sustainability reports. Design/methodology/approach From a sample of sustainability reports prepared by Global Reporting Initiative (GRI) guidelines, the authors identified the distinct activities reported. The authors prepared a survey comprised of these activities and asked a sample of people knowledgeable about business and investing to evaluate each activity on the extent to which they are relevant to sustainability performance. The responses were then factor analyzed to identify the most important dimensions of sustainability these persons employed to relate the activities to sustainability. Findings The dimensions employed by the subjects differed in some significant ways from those dimensions used to construct the GRI format. Subjects evaluated sustainability efforts as primarily efforts of being a good citizen with sustainability an end in itself rather than as constraint to be respected in achieving profitability goals. Research limitations/implications The study is a first attempt so results are preliminary, i.e. suggestive but not definitive. Though preliminary an intriguing implication is that closure on a sustainability reporting structure would be premature. More effort needs to be devoted to provide more clarity on the concept of corporate sustainability and what its implications are for corporate behavior. Practical implications Given the results that sustainability be regarded as a corporate end, what is the role of the corporation in society seems still to be disputatious. Sustainability may not be something achievable without changes in corporate law. Originality/value The study is an early attempt to assess the potential alternative narratives about corporate sustainability. Its value lies in providing insights into the age-old question of what should be the role of the corporation in a free society.

scholarly journals Approaches on the Screening Methods for Materiality in Sustainability Reporting

2018 ◽  
Vol 10 (9) ◽  
pp. 3233 ◽  
Author(s):  
Susie Wu ◽  
Changliang Shao ◽  
Jiquan Chen
Keyword(s):  
Corporate Sustainability ◽  
Accounting Standards ◽  
Social Sustainability ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Screening Methods ◽  
Comparison Study ◽  
Life Cycle Perspective ◽  
Sustainability Disclosure ◽  
Different Levels

Recent decades have seen a surge in corporate sustainability reports (SRs); their proliferation, however, does not ensure effective and consistent reporting on materiality. To improve the completeness, consistency and uniformity of SRs, this study aims at providing a review on the definition and identification of materiality and to propose screening methods for materiality assessments using publicly available resources. We found that most acknowledged standards and initiatives diverge in their definitions and approaches towards materiality. Four screening methods are proposed, including two that are directly usable: (1) Sustainability Accounting Standards Board Materiality Map™ and (2) Global Reporting Initiative (GRI) Sustainability Topics for Sectors; and two involving more desktop research: (3) GRI’s Sustainability Disclosure Database and (4) modeling from a life-cycle perspective. The second and third approaches are tested through a comparison study for the apparel and energy industries in selected regions using content analysis. The results indicate that the two approaches, with different levels of complexity, yield inconsistency in obtaining the most (i.e., the top three) material topics. The GRI’s Sustainability Disclosure Database is recommended for practitioners due to its balanced disclosure on management, economic, environmental and social sustainability themes.

Corporate Sustainability Indicators In Banking Sector

2014 ◽  
Vol 1 (1) ◽  
pp. 581-584
Author(s):  
Dumitrascu Mihaela ◽  
Ileana Ciutacu ◽  
Iulian Vasile Săvulescu
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
Banking Sector ◽  
Corporate Sustainability ◽  
Sustainability Indicators ◽  
Global Reporting Initiative ◽  
Future Research ◽  
Group Level ◽  
Industry Sector ◽  
Sustainability Reports

AbstractThe purpose of this paper is to see the situation regarding the indicators from the Sustainability Reports. For this we use a qualitative research, a content analysis of these reports. Our sample is composed by the banks that develop their activity in our country for which we analysed the last year reports at group level. We choose only an industry sector to obtain the homogeneity of the sample. The findings reveal a number of 86 indicators, which were used in these reports. We analyzed the Global Reporting Initiative (GRI) indicators used by 12 companies. The most reported indicators are EN4, EN8, LA1, LA10, while the last reported indicators are E5, E10 E13 E15, EN20, EN21, EN23, EN27, HR9, HR10 The results obtained are important for future research in this area, for both managers and researchers.

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