Weitere Kapitel dieses Buchs durch Wischen aufrufen
This chapter sets out to give an exposé of how sustainability reporting has developed into a global reporting practice. It gives a theoretical background to why companies (should) engage in sustainability reporting. Three arguments for providing sustainability reporting are at focus i) gaining, maintaining and/or repairing legitimacy, ii) improving stakeholder relations and iii) decreasing information asymmetry. Although sustainability reporting today has become a global reporting practice, this practice has been criticised throughout the years. The chapter highlights different types of critique: critique against companies’ engagement in sustainability activities per se, critique against sustainability reporting being mere window-dressing (green-, blue- or even SDG-washing) and critique against the poor informational quality of sustainability reporting. This leads the way to a focus on how a new set of voluntary-sustainability standards has been developed to help companies to implement, manage and report on sustainability activities. Using the framework by Behnam and MacLean (2011), three types of voluntary-sustainability standards are discussed: principle-, reporting- and certification-based standards. Attempts to develop mandatory requirements are also at focus in this discussion. In the latter part of the chapter, a financial market perspective is put on sustainability reporting. This reveals how the scepticism among the actors on the financial markets has decreased as the global sustainable investment market has increased. The chapter ends with highlighting the EU Directive (2014/95/EU), which from financial year 2017 mandates the largest EU companies to provide sustainability information in their corporate reports. This raises the question, whether the Directive will be able to enhance the informational quality of sustainability reporting.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Adams, C. A., & McNicholas, P. (2007). Making a difference: Sustainability reporting, accountability and organisational change. Accounting, Auditing & Accountability Journal, 20(3), 382–402. CrossRef
Akerlof, G. A. (1970). The market for “lemons”: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), 488–500. CrossRef
Andrews, K. R. (1973, May–June). Can the best corporations be made moral? Harvard Business Review, 57–64.
Aras, G., & Crowther, D. (2009). Corporate sustainability reporting: A study in disingenuity. Journal of Business Ethics Supplement, 87, 279–288. CrossRef
Aravind, D., & Christmann, P. (2011). Decoupling of standard implementation from certification: Does quality of ISE 14001 implementation affect facilities’ environmental performance? Business Ethics Quarterly, 21(1), 73–102. CrossRef
Arevalo, J. A., Aravind, D., Ayuso, S., & Roca, M. (2013). The Global Compact: An analysis of the motivations of adoption in the Spanish context. Business Ethics: A European Review, 22(1), 1–15. CrossRef
Arvidsson, S. (2003). Demand and supply of information on intangibles: The case of knowledge-intense companies. Ph.D. dissertation, Department of Business Administration, Lund University, Lund University Press.
Arvidsson, S. (2010). Communication of corporate social responsibility: A study of the views of management teams in large companies. Journal of Business Ethics, 96, 339–354. CrossRef
Arvidsson, S. (2014). Corporate social responsibility and stock market actors: A comprehensive study. Social Responsibility Journal, 10(2), 210–225. CrossRef
Arvidsson, S. (2017). Sustainability disclosure in large listed companies: A longitudinal study on extent, content and structure (Working Paper). Lund University.
Arvidsson, S, (Ed.). (2018). The 1st SUBREA conference report, Media Tryck, Lund University.
Bebbington, J., Higgins, C., & Frame, B. (2009). Initiating sustainable development reporting: Evidence from New Zealand. Accounting, Auditing & Accountability Journal, 22(4), 588–625. CrossRef
Bebbington, J., Kirk, E. A., & Larrinaga, C. (2012). The production of normativity: A comparison of reporting regimes in Spain and the U.K. Accounting, Organizations and Society, 37, 78–94. CrossRef
Behnam, M., & MacLean, T. L. (2011). Where is the accountability in international accountability standards? A decoupling perspective. Business Ethics Quarterly, 21(1), 45–72. CrossRef
Bondy, K., Moon, J., & Matten, D. (2012). An institution of corporate social responsibility (CSR) in multi-national corporations (MNCs): Forms and implications. Journal of Business Ethics, 111, 281–299. CrossRef
Brown, N., & Deegan, C. (1998). The public disclosure of environmental performance information—A dual test of media agenda setting theory and legitimacy theory. Accounting and business research, 29(1), 21–41. CrossRef
Brown, H. S., de Jong, M., & Lessidrenska, T. (2009). The rise of the global reporting initiative: A case of institutional entrepreneurship. Environmental Politics, 18(2), 182–200. CrossRef
CSR Europe and GRI. (2017). Member state implementation of directive 2014/95/EU: A comprehensive overview of how member states are implementing the EU directive on non-financial and diversity information. Brussels: GRI.
Cahan, S. F., de Villiers, C., Jeter, D. C., Naiker, V., & van Staden, C. J. (2016). Are CSR disclosure value relevant? Cross-country evidence. European Accounting Review, 25(3), 579–611. CrossRef
Campbell, D., Craven, B., & Shrives, P. (2003). Voluntary social reporting in three FTSE sectors: A comment on perception and legitimacy. Accounting, Auditing & Accountability Journal, 16(4), 558–581. CrossRef
Chauvey, J.-N., Giordano-Spring, S., Cho, C. H., & Patten, D. M. (2015). The normativity and legitamacy of CSR disclosure: Evidence from France. Journal of Business Ethics, 130, 789–803. CrossRef
Cho, C. H., Michelon, G., Patten, D. M., & Robets, R. W. (2015). CSR disclosure: The more tings change…? Accounting, Auditing and Accountability Journal, 28(1), 14–35. CrossRef
Daub, C. H. (2007). Assessing the quality of sustainability reporting: An alternative methodological approach. Journal of Cleaner Production, 15(1), 75–85. CrossRef
Deegan, C. (2002). Introduction—The legitimising effect of social and environmental disclosures—A theoretical foundation. Accounting, Auditing & Accountability Journal, 15(3), 282–311. CrossRef
de Villiers, C., & Staden, C. J. (2006). Can less environmental disclosure have a legitimising effect? Evidence from Africa. Accounting, Organizations and Society, 31(8), 763–781. CrossRef
Dienes, D., Sassen, R., & Fischer, J. (2016). What are the drivers of sustainability reporting? A systematic review. Sustainability Accounting, Management and Policy Journal, 7(2), 154–189. CrossRef
Dierkes, M., & Antal, A. B. (1986). Whither corporate social reporting: Is it time to legislate? California Management Review, 28(3), 106–121. CrossRef
Dhaliwal, D. S., Radhakrishnan, S., Tsang, A. H., & Yang, Y. G. (2012). Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure. The Accounting Review, 87(3), 723–759. CrossRef
Dhaliwal, D., Li, O. Z., Tsang, A., & Yang, Y. G. (2014). Corporate social responsibility disclosure and the cost of equity capital: The roles of stakeholder orientation and financial transparency. Journal of Accounting and Public Policy, 33(4), 328–355. CrossRef
Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational behaviour. The Pacific Sociological Review, 18(1), 122–136. CrossRef
Edgley, C., Jones, M. J., & Solomon, J. F. (2010). Stakeholder inclusivity in social and environmental report assurance. Accounting, Auditing & Accountability Journal, 23(4), 532–557. CrossRef
Etzion, D., & Ferraro, F. (2010). The role of analogy in the institutionalization of sustainability reporting. Organization Science, 21(5), 1092–1107. CrossRef
EU Directive (2014/95/EU). (2014). Directive on disclosure of non-financial and diversity information by certain large companies. European Commission, Brussels, Belgium.
European Commission. (2013). Report on corporate social responsibility: Promoting society’s interests and a route to sustainable and inclusive recovery (2012/2097(INI)). Brussels.
FAR. (2017). FAQ Hållbarhetsrapportering enligt ÅRL. FAR, Stockholm.
Frankental, P. (2001). Corporate social responsibility—A PR invention? Corporate Communications: An International Journal, 6(1), 18–23. CrossRef
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Marshfield, MA: Pitman.
Friedman, M. (1970, September 13). The social responsibility of business is to increase its profits’. New York Times Magazine, pp. 33, 122–26.
GSIA. (2017). 2016 Global sustainable investment review. Bloomberg: Global Sustainable Investment Alliance (GSIA).
Ghoshal, S. (2005). Bad management theories are destroying good management practices. Academy of Management Learning & Education, 4(1), 75–91. CrossRef
Golob, U., Verk, N., Ellerup-Nielsen, A., Thomsen, C., Elving, W. J., & Podnar, K. (2017). The communicative stance of CSR: Reflections on the value of CSR communication. Corporate Communications: An International Journal, 22(2). CrossRef
Gray, R. (2010). Is accounting for sustainability actually accounting for sustainability…and how would we know? An exploration of narratives of organisations and the planet. Accounting, Organizations and Society, 35(1), 47–62. CrossRef
Gray, K. R., Frieder, L. A., & Clark, G. W. (2005). Corporate scandals—The many faces of greed. St. Paul, MN: Paragon House.
Gray, R., Kouhy, R., & Lavers, S. (1995a). Methodological themes constructing a research database of social and environmental reporting by UK companies. Accounting, Auditing & Accountability Journal, 8(2), 78–101. CrossRef
Gray, R., Kouhy, R., & Lavers, S. (1995b). Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing & Accountability Journal, 8(2), 47–77. CrossRef
Gray, R., Owen, D., & Adams, C. (1996). Accounting accountability—Changes and challenges in corporate social and environmental reporting. London: Prentice-Hall.
Gray, R., & Milne, M. (2002). Sustainable reporting: Who’s kidding whom? Chartered Accountants Journal of New Zealand, 81(6), 66–74.
Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: A review of results, trends, theory, and opportunities in an expanding field of research. Journal of Cleaner Production, 59, 5–21. CrossRef
Hooghiemstra, R. (2000). Corporate communication and impression management—New perspectives why companies engage in corporate social reporting. Journal of Business Ethics, 27(1), 55–68. CrossRef
IIRC. (2013). The international IR framework. Available: http://www.theiirc.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf.
ICGN. (2016). Feedback regarding draf 2016 code of corporate governance for publicly-listed companies. London: ICGN.
Kennedy, A. A. (2000). The end of shareholder value—Corporations at the crossroad. Cambridge, MA: Perseus.
Kolk, A. (2010). Trajectories of sustainability reporting by MNCs. Journal of World Business, 45, 367–374. CrossRef
Kolk, A. (2005). Social and environmental accounting. In C. Clubb (Ed.), Blackwell encyclopedia of management accounting (pp. 393–398). Malden, Oxford and Victoria: Blackwell.
KPMG. (2015). KPMG international survey of corporate responsibility reporting. Amsterdam: KPMG International.
Larrinaga, C., Carrasco, F., Correa, C., Llena, F., & Moneva, J. M. (2002). Accountability and accounting regulation: The case of the Spanish disclosure standard. European Accounting Review, 11(4), 723–740. CrossRef
Levitt, T. (1958). The dangers of social-responsibility. Harvard Business Review, 36(5), 41–50.
Martínez-Ferrero, J., & Frías-Aceituno, J. V. (2015). Relationship between sustainable development and financial performance: International empirical research. Business Strategy and the Environment, 24(1), 20–39. CrossRef
Milne, M. J., Tregidga, H., & Walton, S. (2009). Words not actions! The ideological role of sustainability development reporting. Accounting, Auditing & Accountability Journal, 22(8), 1211–1257. CrossRef
Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886. CrossRef
Moneva, J. M., Archel, P., & Correa, C. (2006). GRI and the camouflaging of corporate unsustainability. Accounting Forum, 30, 121–137. CrossRef
Montiel, I., Husted, B. W., & Christmann, P. (2012). Using private management standard certification to reduce information asymmetries in corrupt environments. Strategic Management Journal, 33, 1103–1113. CrossRef
Mori Junior, R., Best, P. J., & Cotter, J. (2014). Sustainability reporting and assurance: A historical analysis on a world-wide phenomenon. Journal of Business Ethics, 120, 1–11. CrossRef
O’Donovan, G. (2002). Environmental disclosures in the annual report—Extending the applicability and predictive power of legitimacy theory. Accounting, Auditing & Accountability Journal, 15(3), 344–371. CrossRef
O’Dwyer, B., Unerman, J., & Hession, E. (2005). User needs in sustainability reporting: Perspectives of stakeholders in Ireland. European Accounting Review, 14(4), 759–787. CrossRef
Parker, L. D. (2005). Social and environmental accountability research: A view from the commentary box. Accounting, Auditing & Accountability Journal, 18(6), 842–860. CrossRef
Patten, D. M. (2013). Lessons from the third wave: A reflection on the rediscovery of corporate social responsibility by the mainstream accounting research community. Financial Reporting, 2(2), 9–26. CrossRef
Prado-Lorenzo, J.-M., Gallego-Alvarez, S., & Garcia-Sanchez, I. M. (2009). Stakeholder engagement and corporate social responsibility reporting: The ownership structure effect. Corporate Social Responsibility and Environmental Management, 16, 94–107. CrossRef
Radley Yeldar. (2012). The value of extra financial disclosure: What investors and analysts said. Report commissioned by accounting for sustainability and the global reporting initiative. Retrieved from http://www.globalreporting.org/resourcelibrary/The-value-of-extra-financial-disclosure.pdf.
Ramchander, S., Schweback, R. G., & Staking, K. (2012). The informational relevance of corporate social responsibility: Evidence from DS400 index reconstitutions. Strategic Management Journal, 33, 303–314. CrossRef
Roca, L. C., & Searcy, C. (2012). An analysis of indicators disclosed in corporate sustainability reports. Journal of Cleaner Production, 20, 103–118. CrossRef
Rasche, A. (2009). Toward a model to compare and analyse accountability standards—The case of the UN Global Compact. Corporate Social Responsibility and Environmental Management, 16, 192–205. CrossRef
SOU 2004:46. (2004a). The Swedish code of corporate governance. Stockholm: SOU.
SOU 2004:47. (2004b). Näringslivet och Förtroendet [Business Society and Trust]. Stockholm: SOU.
Searcy, C., & Buslovich, R. (2014). Corporate perspectives on the development and use of sustainability reports. Journal of Business Ethics, 121, 149–169. CrossRef
Simnett; R., Vanstraelen, A. & Chua, W. F. (2009). Assurance of sustainability reports: An international comparison. The Accounting Review, 53(1), 94–111.
Su, W., Peng, M. W., Tan, W., & Cheung, Y.-L. (2016). The signalling effect of corporate social responsibility in emerging economies. Journal of Business Ethics, 134, 479–491. CrossRef
UNWCED (United Nation World Commission on Environment and Development). (1987). Report of the United Nation World Commission on environment and development ‘our common future’ (The Brundtland Report) (Item 83, 42nd Session of the United Nations General Assembly).
Venturelli, A., Caputo, F., Cosma, S., Leopizzi, R., & Pizzi, S. (2017). Directive 2014/95/EU: Are Italian companies already compliant? Sustainability, 9(8), 1385. CrossRef
Vigneu, L., Humphreys, M., & Moon, J. (2015). How do firms comply with international sustainability standards? Processes and consequences of adopting the global reporting initiative. Journal of Business Ethics, 131, 469–486. CrossRef
Waddock, S. (2008). Building a new institutional infrastructure for corporate responsibility. Academy of Management Perspectives, 22(3), 87–108. CrossRef
Waring, P., & Edwards, T. (2008). Socially responsible investment: Explaining its uneven development and human resource management consequences. Corporate Governance: An International Review, 16(3), 135–145. CrossRef
Welford, R. (1997). Accounting for common costs. Center for International Education and Research in Accounting, Urbana-Champaign, II.
- An Exposé of the Challenging Practice Development of Sustainability Reporting: From the First Wave to the EU Directive (2014/95/EU)
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, So bewältigen Sie Stress im Fernstudium/© granata68 | stock.adobe.com | AdobeStock