20 Pages Posted: 15 Aug 2019
Date Written: August 12, 2019
For decades, reporting requirements for companies – corporate reporting – aimed to provide users of corporate reports with relevant information when making decisions about investing in or contracting with these companies. However, in recent years, the focus on reporting requirements specifically requiring information on a company’s financial performance shifted – and broadened – towards reporting requirements on other, non-financial, aspects of a company's business as well. At the same time, it can be concluded that the current landscape of reporting requirements that goes beyond financial reporting is, at best, a patchwork of frameworks and requirements. The development of a dominant, globally accepted single set of sustainability reporting standards that could be seen as the counterpart of the standards on financial reporting like the IFRS, is lacking. The authors recommend an international approach towards further developing – and harmonizing – sustainability reporting.
Keywords: Sustainabilty, Sustainability Reporting, Corporate reporting, Integrated reporting
JEL Classification: K22, M41, M48, G34
Suggested Citation: Suggested Citation