Linking Sustainability Reporting and Energy Consumption Through Global Reporting Initiative Standards and Sustainable Development Goals

Abstract

In response to the urgent need for a comprehensive approach to reporting that integrates real business impacts and sustainability dimensions, this study introduces a novel methodology. Building on the synergy between Global Reporting Initiative (GRI) standards, Sustainable Development Goals (SDG) targets and environmental, social, and governance (ESG) considerations, the theoretical framework provides a structured methodology for organizations to articulate their contributions to global sustainability goals. By linking the analysis of GRI standards to the Affordable and Clean Energy SDG, this approach not only analyses reporting processes but also lays the groundwork for advanced analytics by linking corporate environmental impact and sustainability reporting. Empirical findings from a homogeneous sample of companies highlight the need to improve the accuracy, efficiency, and relevance of reporting. In addition, the study underscores the broader societal benefits of sustainability reporting practices, enhancing stakeholder trust, and enabling more informed decision-making. As such, this research advances the discourse on sustainable practices and reporting, provides practical implications for practitioners, and contributes to a more sustainable future.