scholarly journals A Data-Driven Approach to Evaluation of Sustainability Reporting Practices in Extractive Industries

2021 ◽  
Vol 13 (16) ◽  
pp. 8716
Author(s):  
Cansu Perdeli Demirkan ◽  
Nicole M. Smith ◽  
H. Sebnem Duzgun ◽  
Aurora Waclawski
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Sustainability Reporting ◽  
Initial Step ◽  
Data Driven ◽  
Extractive Industries ◽  
Reporting Practices ◽  
Data Driven Approach ◽  
Sustainability Reports ◽  
Over Time

Sustainability reporting is one of the tools that contribute to incorporating sustainable development in the design of extractive operations (i.e., “Design for Sustainability”), and the demand for sustainability reports is increasing due to the increased focus on sustainable development and sustainable financing efforts. The extractive industries are believed to have unique strengths to contribute to achieving the Sustainable Development Goals. Nonetheless, companies are expected to be transparent and accountable not only to investors but to all stakeholders, including communities, suppliers, clients, employees, and governments. Therefore, extractive industries require effective sustainability accounting and reporting to transition and contribute to sustainable development. Through a data-driven approach, this paper examines the scope and consistency of sustainability indicators used in the sustainability reports of eight oil and gas and eight mining companies from 2012 to 2018. Through content analysis and relevant statistical methods, we analyze the ways in which companies reported on their contributions to sustainable development, with a focus on indicators used and trends over time both within each industry and between industries. We demonstrate that extractive industries’ sustainability reporting practices are not consistent over time and that internal issues are better represented than external issues, in particular transportation and supply chain issues. Furthermore, while there are similar trends across the industries in terms of social and environmental indicator reporting, there are significant differences in economic reporting. We conclude that although both industries have established sustainability reporting practices, there are trends that demonstrate what companies are focusing on more, as well as areas for improvement. We see this as an initial step for conceptualizing how these industries can more objectively, consistently, and effectively assess and contribute to sustainable development.

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.

Matter of opinion

2019 ◽  
Vol 32 (4) ◽  
pp. 1043-1072 ◽  
Author(s):  
Jenni Puroila ◽  
Hannele Mäkelä
Keyword(s):  
Sustainable Development ◽  
Stakeholder Engagement ◽  
Qualitative Content Analysis ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Rational Approach ◽  
Content Type ◽  
Reporting Practices ◽  
Political Role ◽  
Sustainability Reports

Purpose The purpose of this paper is to contribute to the socio-political role of materiality assessment in sustainability reporting literature and discuss the potential of materiality assessment to advance more inclusive accounting and reporting practices, in particular critical dialogic accounting. Design/methodology/approach Drawing on literature on the concept of materiality together with insights from stakeholder engagement, commensuration and critical dialogic accounting the paper analyses disclosure on materiality in sustainability reports. Empirically, qualitative content analysis is used to analyse 44 sustainability reports from the leading companies. Findings The authors argue that, first, the technic-rational approach to materiality portrays the assessment as a neutral and value-free measurement, and second, the materiality matrix presents the multiple stakeholders as having a unified understanding of what is considered important in corporate sustainability. Thus, the technic-rational approach to the materiality assessment, reinforced with the use of the matrix is a value-laden judgement of what matters in corporate sustainability and narrows down rather than opens up the complexity of the assessment of material sustainability issues, stakeholder engagement and the societal pursuit of sustainable development. Originality/value The understandings and implications of the concept of materiality are ambiguous and wide-reaching, as, through constituting the legitimised set of claims and information on corporate sustainable performance, it impacts our understanding of sustainable development at large, and affects the corporate and policy-level transition towards sustainability. Exploring insights from critical dialogic accounting help us to elaborate on the conceptions and practical implications of materiality assessment that enhance stakeholder engagement in a democratic, rather than managerial, spirit.

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 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.

Sustainability Reporting and Sustainability in the Turkish Business Context

2017 ◽  
pp. 115-132 ◽  
Author(s):  
Tutku Seckin-Celik
Keyword(s):  
Stakeholder Theory ◽  
Sustainability Reporting ◽  
Theoretical Framework ◽  
Financial Information ◽  
Organizational Sustainability ◽  
Financial Reports ◽  
Organizational Contexts ◽  
Business Context ◽  
Reporting Practices ◽  
Sustainability Reports

Companies have started to publish social and environmental reports, in addition to their financial reports. Disclosing non-financial information takes the form of sustainability reports due to some pressures from the environment. The reasons of why organizations publish sustainability reports and benefits that can be obtained with such disclosures can be explained from institutional theory, legitimacy theory and stakeholder theory perspectives. This chapter aims to broaden the understanding about sustainability reporting. Thus, after a quick introduction with the meaning and scope of sustainability and organizational sustainability, theoretical framework for sustainability reporting practices and related studies from different organizational contexts are examined. Besides, sustainability in the Turkish business context is shortly addressed.

Using a Risk-Based Approach in Preparation of Corporate Sustainability Reporting by Oil and Gas Companies

Auditor ◽  
2021 ◽  
pp. 46-53
Author(s):  
Thi Lok Doan
Keyword(s):  
Sustainable Development ◽  
Oil And Gas ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Oil And Gas Industry ◽  
Public Companies ◽  
Gas Industry ◽  
Corporate Reporting ◽  
Oil And Gas Companies

The article presents the author’s approach to the formation of corporate reporting of public companies using the example of the oil and gas industry. The key risks of sustainable development are disclosed that correspond to the interests of various significant groups of the company’s stakeholders. The approbation results of a typical corporate reporting model for oil and gas companies in the Petrolimex report (Vietnam) are presented.

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 Sustainability Reporting and Accounting in Measuring the Costs of Flared Dry Gas Industry

2021 ◽  
pp. 62-70
Author(s):  
Sandoval Ross ◽  
Ed. Thompson
Keyword(s):  
Sustainable Development ◽  
Natural Gas ◽  
Crude Oil ◽  
Natural Resource ◽  
Oil And Gas ◽  
Sustainability Reporting ◽  
Gas Industry ◽  
Large Loss ◽  
Sustainability Accounting ◽  
Harmful Effects

The sector oil and gas are very importance in the Iraqi economy, and natural gas cause less pollution to the environment. Due to the conditions that the country went through, the existing infrastructure is unable to process the quantities of natural gas associated with the extraction of crude oil, therefore it is treated by burning. This has harmful effects on the environment and society. In addition, the expenditure on treating is very large and the country suffer a large loss of revenue in the atmosphere. Therefore, the responsible authorities should decide to limit these burning processes through the information on economy, environment and society that sustainability accounting provides. Also, the company being studied shows that there are a lot of costs incurred by burning dry gas for two reasons: compressors stop working and network pressure. This is a waste of the natural resource and of large sums that could have been revenues for the country. Although there are also disadvantages on the environment and society, the company’s expenditure on the environment and society is small compared to the costs spent on producing dry gas. This does not support sustainable development, and the study concludes with some conclusions and recommendations.

scholarly journals Sustainability Reporting Pattern in Pharmaceutical Sector : A Study of Top 10 Economies across the Globe

2020 ◽  
Vol 11 (1) ◽  
pp. 460-465
Author(s):  
Mahesh Kumar ◽  
Birajit Mohanty ◽  
Madhusudan Narayan ◽  
Vadera M L
Keyword(s):  
Sustainability Reporting ◽  
Sustainable Growth ◽  
Pharmaceutical Companies ◽  
Economic Activities ◽  
Business Sustainability ◽  
Reporting Practices ◽  
Global Corporations ◽  
The Usa ◽  
Sustainability Reports ◽  
Education And Development

Sustainability reporting is now a mainstream activity of global corporations and is an important issue of the decade. Transparency and accountability for stakeholders are the most demanding issues in pharmaceutical sectors. Companies or Industries can’t survive without sustainable growth. Since most of the stakeholders are aware of recent problems such as community health, climate change, education and development, business sustainability, etc., the demand for disclosures in these areas have also been remarkably increased. Global companies have started business sustainability for economic and non-economic activities of the venture, along with the accountability of external and internal stakeholders towards the goal of sustainable development. This paper examines the sustainability reporting practices of the top 10 economy's pharmaceutical companies across the globe. For this purpose, sustainability reports based on GRI and Non- GRI guidelines for 5 years (2012 to 2016) of the top 10 economy's pharmaceutical companies were collected from the GRI-Database. The number of pharmaceutical companies along with a country name that published sustainability reports has been classified into four categories such as companies with GRI reports are published for 5 years, less than 5 years, Non-GRI reports and mixed reports (GRI &Non-GRI) and a total number of reports published in the given time periods. The results revealed that the sustainability disclosures in Pharmaceutical sectors are dominated by both the 1st and 2nd largest economies across the globe USA, China, and Brazil, and the worst sustainability disclosures are Canada, Italy, Germany, and India. It means pharmaceutical companies in the USA, China, and Brazil are more conscious about sustainability reporting as compare to the rest of the countries of the top 10 economies in the world.   

scholarly journals The Effect of Board Independence on the Sustainability Reporting Practices of Large U.S. Firms \

2012 ◽  
Vol 6 (2) ◽  
pp. 178 ◽  
Author(s):  
David N. Herda ◽  
Martin E. Taylor ◽  
Glyn Winterbotham
Keyword(s):  
Voluntary Disclosure ◽  
Sustainability Reporting ◽  
The United States ◽  
Board Members ◽  
Board Independence ◽  
Voluntary Reporting ◽  
Reporting Practices ◽  
Reporting Decisions ◽  
Prior Literature ◽  
Sustainability Reports

As sustainability reporting becomes more commonplace, it is important to understand the factors that influence firms’ voluntary reporting decisions. This exploratory study examines whether board independence affects the sustainability reporting decisions of the 500 largest firms in the United States. We also investigate other factors that may be associated with sustainability reporting, including environmental performance and reputation. We find that<br />firms with a greater proportion of independent board members are: 1) more likely to publish standalone sustainability reports, and 2) more likely to publish higher quality sustainability reports. This paper contributes to prior literature that reports somewhat mixed results on the effect of board independence on voluntary disclosure.

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