Literature Study: The Role Of Accountants In Reporting Environmental, Social, And Governance Information

Ramadhan, Yanuar; Resca, Yuliana; Saputra, Saputra; Diana, W Silfianti M; Qamar, Syam S.

doi:10.46799/ijssr.v3i5.384

“…Professional accountants play a significant role in ensuring social responsibility practices and enterprises' sustainable development strategies. Ramadhan et al (2023) found that accountants play an important role in ensuring businesses and projects run more environmentally friendly and sustainable, following ESG principles reflected in the company's financial reporting. Nguyen et al (2019) found that accountants' qualifications positively enhance modern management accounting practices adoption in Vietnamese enterprises.…”

Section: Accountants' Levels (Al)mentioning

confidence: 99%

The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

Dung,

Tuyet,

Anh

et al. 2024

RGSA

0

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Purpose: This article aims to clarify the current situation and the factors influencing the early stages of applying environmental, social, and governance (ESG) in the Vietnamese economy. Design/methodology/approach: We employed a large-scale survey with 130 responses from November 2023 to January 2024 and statistics analysis using SPSS 26.0. Findings: We found that awareness of leaders, accountants' levels, pressure on ESG, state guidance, management process, information base, and women on boards, respectively, influence the early stages of applying environmental, social, and governance in Vietnamese enterprises. Research, Practical & Social Implications: This study illuminates the factors that influence the early stages of ESG performance in Vietnam, an emerging Asian economy. The findings highlight the crucial role of leaders' awareness and accountants’ levels in this process. This understanding can guide the country's leaders and policymakers in formulating strategies to promote ESG adoption for the sustainable development of the whole economy. Originality/value: This study stands out for its originality. It comprehensively analyzes the early period of ESG adoption in an emerging Asian country, particularly Vietnam. Its findings offer objective evidence to understand the situation and impacted factors on ESG application, aiding governments and related parties in formulating appropriate policies for sustainable development with ESG.

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Factors affecting the readiness for ESG reporting in Vietnamese enterprises

Thi Phuong Nguyen,

Thi Huong Nguyen,

Thi Mai Nguyen

et al. 2024

Problems and Perspectives in Management

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Countries around the world are taking further steps toward transparency and corporate sustainability. Environmental, social, and governance (ESG) reporting will be required for all firms listed on European exchanges as of 2026 according to the Corporate Sustainability Reporting Directive. Meanwhile, the companies’ rate in Vietnam reporting and disclosing ESG information is still limited. There is an empirical gap between the theory and practices of ESG reporting in Vietnam. Therefore, this study aims to investigate the determinants affecting the readiness for ESG reporting in Vietnamese enterprises. Survey questionnaires and quantitative analysis are employed based on the structural models using SmartPLS4 software to analyze the sample of 169 manufacturing, commercial, and service enterprises in Vietnam. The findings show that accountant qualifications, management processes, women on management boards, and information technology systems positively affect Vietnamese firms’ readiness to report ESG. The relationship between business executives’ ESG awareness, public media pressure, governmental guidelines, and the readiness for ESG reporting is not statistically supported. Based on the research results, Vietnamese enterprises should increase women’s participation on management boards, facilitate professional development and training for accountants, invest in information technology systems, and improve management processes to enhance the adoption of ESG reporting in Vietnam.

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The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

Dung,

Tuyet,

Anh

et al. 2024

RGSA

0

View full text Add to dashboard Cite

Purpose: This article aims to clarify the current situation and the factors influencing the early stages of applying environmental, social, and governance (ESG) in the Vietnamese economy. Design/methodology/approach: We employed a large-scale survey with 130 responses from November 2023 to January 2024 and statistics analysis using SPSS 26.0. Findings: We found that awareness of leaders, accountants' levels, pressure on ESG, state guidance, management process, information base, and women on boards, respectively, influence the early stages of applying environmental, social, and governance in Vietnamese enterprises. Research, Practical & Social Implications: This study illuminates the factors that influence the early stages of ESG performance in Vietnam, an emerging Asian economy. The findings highlight the crucial role of leaders' awareness and accountants’ levels in this process. This understanding can guide the country's leaders and policymakers in formulating strategies to promote ESG adoption for the sustainable development of the whole economy. Originality/value: This study stands out for its originality. It comprehensively analyzes the early period of ESG adoption in an emerging Asian country, particularly Vietnam. Its findings offer objective evidence to understand the situation and impacted factors on ESG application, aiding governments and related parties in formulating appropriate policies for sustainable development with ESG.

show abstract

Literature Study: The Role Of Accountants In Reporting Environmental, Social, And Governance Information

Cited by 3 publications

References 11 publications

The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

Factors affecting the readiness for ESG reporting in Vietnamese enterprises

The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

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