A Systematic Literature Review of Theories Underpinning Sustainability Reporting in Non-financial Disclosure

Bartolacci, Francesca; Bellucci, Marco; Corsi, Katia; Soverchia, Michela

doi:10.1007/978-3-030-90355-8_4

Cited by 11 publications

(10 citation statements)

References 126 publications

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“…, 2021). On the one hand, as found in the study of Bartolacci et al. (2022), a recent research trend sees the combined utilisation of several different theories.…”

Section: Literature Review and Backgroundmentioning

confidence: 93%

“…Many theoretical frameworks inform the study of sustainability reporting in non-financial disclosure, and previous contributions have highlighted an increase in the quantity and quality of non-financial voluntary disclosure over time (Santamaria et al, 2021). On the one hand, as found in the study of Bartolacci et al (2022), a recent research trend sees the combined utilisation of several different theories. Indeed, in addition to the main theories (legitimacy, stakeholder and institutional), other theories have been used in the field of sustainability reporting, with particular reference to agency, signalling, discourse, attribution, social movement and structuration.…”

Section: The Implementation Of Sustainability Corporate Reportingmentioning

confidence: 99%

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Sustainability reporting practices: an explorative analysis of luxury fashion brands

Leo

Sfodera

Cucari

et al. 2023

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PurposeThe purpose of this research is to identify the sustainable practices of luxury fashion brands through their communications via official reporting documents to classify practices used for communicating sustainability performance.Design/methodology/approachThis research uses the qualitative content analysis of Global Reporting Initiative (GRI)-oriented sustainability reports to examine the sustainable practices of 31 companies within the top 100 global luxury brands.FindingsThe authors classify the sample into four clusters: sustainability driven, sustainability newcomers, sustainability potential and sustainability passive. Results indicate that companies in this sector are focused on the issue of sustainability even though there is a remarkable fragmentation in terms of practices.Originality/valueThe study contributes to a better understanding of sustainability reporting activities and approaches in the fashion luxury industry by describing best practices and the effect of sustainability in corporate communications.

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“…, 2021). On the one hand, as found in the study of Bartolacci et al. (2022), a recent research trend sees the combined utilisation of several different theories.…”

Section: Literature Review and Backgroundmentioning

confidence: 93%

Section: The Implementation Of Sustainability Corporate Reportingmentioning

confidence: 99%

Sustainability reporting practices: an explorative analysis of luxury fashion brands

Leo

Sfodera

Cucari

et al. 2023

View full text Add to dashboard Cite

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“…The need for such companies to report social and environmental performance is also higher (Adams and Abhayawansa, 2022). While many companies have prepared sustainability reporting, the preparation of these reports has not found strong momentum that would allow it to be meaningful for investors (Bartolacci et al, 2022). It is believed that the emergence of sustainability reporting standards positively affects investors and companies, primarily because of the availability of a comprehensive reporting framework that integrates financial reporting with non-financial reporting (Torre et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental, Social, Governance - Sustainability Disclosure Using International Financial Reporting Sustainability Standards S1 in Southeast Asian Companies: A Preliminary Assessment

Pratama

Jaenudin

Anas

2022

IJEEP

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This research aims to analyse the gaps in a company’s annual reports related to the disclosure requirements in the International Financial Reporting Sustainability Standard (IFRS) S1 and compare them to other companies and business sectors in Southeast Asia. This research analyses 224 companies listed on Environmental, Social and Governance (ESG)-related indexes in Thailand, Singapore, Indonesia and Malaysia. The assessment was done using a disclosure quality matrix consisting of four criteria: (1) Governance (GOV); (2) Strategy (STR); (3) Risk (RSK); and (4) Target and Metrics (MTR). The results of the study show that: (1) Based on the extent and quality of the disclosures, almost all companies fully disclosed GOV, STR and RSK but not MTR; (2) In general, there is a difference between the extent and quality of the disclosures among countries and industries; (3) From the four clusters formed, 94 out of 224 companies classified in the best clusters, while only 12 out of 224 companies classified in the worst clusters. This research implies that there is still much to be done to improve sustainability reporting, including an effort to reduce disparities in the quality and extent of disclosure between countries and business sectors.

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“…This is because most of the experts who participated in this study are practitioners and can therefore add a practical element to the suggested metric. Bartolacci et al (2022) lament the voluminous disclosure frameworks available on NFPMs. This hodgepodge of disclosure frameworks pertaining to ESG and nonfinancial information does not only cause confusion to the preparers and the users of this information, but there is also a challenge with regard to greenwashing where companies merely report their positive intentions on ESG matters without accountability and follow-through (Bakerjian 2022;Bartolacci et al 2022;Pizzi et al 2022).…”

Section: The Use Of Input From the Expertsmentioning

confidence: 99%

“…Bartolacci et al (2022) lament the voluminous disclosure frameworks available on NFPMs. This hodgepodge of disclosure frameworks pertaining to ESG and nonfinancial information does not only cause confusion to the preparers and the users of this information, but there is also a challenge with regard to greenwashing where companies merely report their positive intentions on ESG matters without accountability and follow-through (Bakerjian 2022;Bartolacci et al 2022;Pizzi et al 2022). Secondly, experts' opinion was solicited on these indicators' usability in designing executive compensation plans for South African listed companies.…”

Section: The Use Of Input From the Expertsmentioning

confidence: 99%

ESG performance measures for executive pay: Delphi inquiry strategy and experts’ opinion

2022

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Orientation: Rising levels of executive compensation amidst the widening inequality, unemployment, poverty and other socio-economic challenges have raised questions among policymakers, academics and practitioners alike on the best ways to resolve this conundrum.Research purpose: The main objective of this study was to identify a composite mix of environmental, social and governance (ESG) indicators that can be used in executive compensation plans.Motivation for the study: Whereas the importance of incorporating the ESG in executive compensation plans is well documented, it is not known which indicators are appropriate and can be used in the South African context.Research design, approach and method: A sequential exploratory research design was used in this study. The ESG-based indicators were identified from the literature and then subjected to three rounds of surveys in a Delphi enquiry strategy.Main findings: An eclectic mix of nonfinancial performance measures (NFPMs) based on the ESG philosophy were identified, confirmed and validated by a diverse team of international experts.Practical/managerial implications: In order to curb rising executive compensation and to disincentivise short-termism associated with sole reliance on profits as the only yardstick for performance, NFPMs identified in this study should be integrated into the executive compensation designs.Contribution/value-add: On an empirical front, the study proffers novel NFPMs for executive compensation plans that are predicated on ESG philosophy. The methodological contribution lies in the use of a Delphi inquiry strategy, which has never been used in the area of executive compensation.

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A Systematic Literature Review of Theories Underpinning Sustainability Reporting in Non-financial Disclosure

Cited by 11 publications

References 126 publications

Sustainability reporting practices: an explorative analysis of luxury fashion brands

Sustainability reporting practices: an explorative analysis of luxury fashion brands

Environmental, Social, Governance - Sustainability Disclosure Using International Financial Reporting Sustainability Standards S1 in Southeast Asian Companies: A Preliminary Assessment

ESG performance measures for executive pay: Delphi inquiry strategy and experts’ opinion

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