The Elaboration Process of the Sustainability Report: A case study

Cunha, Darliane Ribeiro; Abadía, José Mariano Moneva

doi:10.7819/rbgn.v0i0.3948

Cited by 6 publications

(3 citation statements)

References 15 publications

(20 reference statements)

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“…It also serves to alert the directors on the operation of the companies relating to sustainability (Scanlan, 2021). Furthermore, a study found that companies publish sustainability reports as an instrument of accountability to their stakeholders and to maintain legitimacy in society (Cunha and Moneva, 2018).…”

Section: Sustainability Reporting Under the Bursa Malaysia Listing Re...mentioning

confidence: 99%

Addressing sustainability challenges as part of director’s duty in Malaysia

Khan

Ali

Alam

2023

IJLMA

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Purpose The development of successful Sustainable Development Goals realization cannot be divorced from regulations governing sustainability information. Therefore, limited research on the regulatory environment regarding sustainability reporting in the Malaysian context requires further examination to ascertain the current framework. This study aims to critically assess the Malaysian Companies Act 2016 and Malaysian Code on Corporate Governance (MCCG) to examine the regulatory environment regarding the sustainability reporting framework. The examination is done to determine the extent of support provided under the Malaysian regulatory environment for the said practice. Design/methodology/approach A doctrinal methodology that relies on the extant literature, statutory instruments and case laws complemented by content analysis is adopted to explore the current regulatory environment regarding sustainability reporting. Findings The findings indicate that the Companies Act 2016 has already paved the way for the integration of corporate sustainability through the Business Review Report (BRR). However, the application is voluntary and hence could lead to inconsistent implementation. The MCCG has introduced the integrated reporting practice, but the application is limited to large companies on “apply and report” approach. This practice is voluntary to other types of companies, which diminishes the importance of sustainability reporting and gives rise to doubt about its efficiency in addressing sustainability in the long term. The current framework for sustainability reporting cannot be considered satisfactory, given the significance of sustainable development to the Malaysian economy and society, due to a lack of appropriate legal obligations. Originality/value This study is presently amongst the available legal literature on sustainability reporting practice in Malaysia, adding to its originality. This paper hopes to stimulate discussion among academicians on incorporating sustainability principles in the Companies Act 2016 and expanding directors’ duties.

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Section: Sustainability Reporting Under the Bursa Malaysia Listing Re...mentioning

confidence: 99%

Addressing sustainability challenges as part of director’s duty in Malaysia

Khan

Ali

Alam

2023

IJLMA

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“…The results of the research of Cunha and Moneva (2018) indicate that compliance with sustainability becomes an instrument of responsibility for stakeholders, so the transparency and legitimization of their activities are the main factors that influence their publications. This finding aligns with that of Grewal et al (2020), who found that firms voluntarily disclosing more Sustainability Accounting Standards Board (SASB)-identified sustainability information exhibit greater price informativeness.…”

Section: Literature Reviewmentioning

confidence: 99%

Correlation between the DJSI Chile and the Financial Indices of Chilean Companies

Chahuán-Jiménez

2020

IJFS

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The Dow Jones Sustainability Index Chile (DJSI Chile) is made up of leading sustainability companies that are investing great effort into sustainable management. This study correlates the DJSI Chile with the financial indices (return on equity (ROE), return on assets (ROA), market value, earnings, and leverage) of companies that belong to the General Stock Price Index (IGPA) in Chile. The methodology used was quantitative, considering Chilean companies in the IGPA, including companies belonging to the DJSI Chile, applying a normality and correlation test based on the results. In conclusion, the study shows that in the results for the ROE, ROA, and leverage variables, there is no positive correlation with the DJSI Chile. However, the DJSI Chile is correlated with market value (for approximately 80% of the companies), and with earnings, there is a slightly higher correlation for the companies that belong to the DJSI Chile than for the remaining companies in the IGPA, thus if there exists a correlation between the DJSI Chile index and the variables market value and earnings, the index enables the prediction of those financial variables or predicts the finance indices (value market and earnings) of the companies that make up the DJSI Chile basing in the DJSI Chile index.

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“…In India, some companies keep accounting records of carbon emissions, which allows them to increase their value (Kumar & Firoz, 2019b). In the case of chemicals and oil companies in Brazil and Spain, transparency and legitimacy of their activities are the main reasons why they elaborate sustainability reports to keep stakeholders informed (Cunha & Moneva, 2018).…”

Section: Introductionmentioning

confidence: 99%

An in-depth look at the status of environmental financial accounting in Mexico from the point of view of stakeholder theory: myth or reality?

Martínez

Mesa

2021

RBGN

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Purpose -This research project analyzes the use of the theoretical contributions regarding environmental financial accounting (EFA) by Mexican companies.Design/methodology/approach -The methodology is divided into two sections. The first part involves a document analysis of the sustainability reports issued by 29 sustainable companies from the Mexican Stock Exchange. The second section describes the correlation between the EFA components and revenue.Findings -The preliminary findings show that the ideas regarding social and environmental accounting written over two decades ago by Gray (1992), Laringa (1995), Moneva and Llena (1996), Bebbington (2001), andLlull (2001), among others, have been applied within the context of the Mexican economy. However, there are some theoretical gaps that will continue to make EFA a myth for emerging economies due to the lack of public policies.Originality/value -This study identifies that the Mexican economy requires two actions in order to legitimize the stakeholder theory. First, the concepts of environmental accounting need to be applied across micro, small and medium-sized businesses. Second, the relationships among stakeholders (suppliers, customers, shareholders, etc.) need to be analyzed in the environmental reports in order to assess their level of influence on decision making. The starting point for this analysis should be the methodology applied in developed economies.

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The Elaboration Process of the Sustainability Report: A case study

Cited by 6 publications

References 15 publications

Addressing sustainability challenges as part of director’s duty in Malaysia

Addressing sustainability challenges as part of director’s duty in Malaysia

Correlation between the DJSI Chile and the Financial Indices of Chilean Companies

An in-depth look at the status of environmental financial accounting in Mexico from the point of view of stakeholder theory: myth or reality?

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