Sustainability reporting and assurance

Marx, Ben; Dyk, Vanessa Van

doi:10.1108/10222521111178628

Cited by 56 publications

(13 citation statements)

References 26 publications

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“…As reported in Exhibit 4, there are only 16 reports in the sample that were accompanied by an opinion from an external assurance provider. This finding is in line with other studies that found external assurance of sustainability reports to be limited in emerging markets due to its costliness (Darus et al, ; Marx & van Dyk, ). In my sample, Big Four accounting firms produced the majority of the assurance reports (12 of the 16 reports), while the British Standards Institution (BSI) prepared the other 4 reports.…”

Section: Reliance On External Assurance Providerssupporting

confidence: 92%

Stand‐Alone Sustainability Reporting Practices in an Emerging Market: A Longitudinal Investigation

Uyar¹

2016

J Corp Accounting Finance

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This study investigates sustainability reporting practices in the emerging market of Turkey for a 10‐year period between 2004 and 2013. While there are several Turkish firms preparing sustainability reports consistently during the sample period, there is also a long road to be traveled with regard to consistent and complete reporting on sustainability. The most widespread framework used in sustainability reporting is the Global Reporting Initiative (GRI) framework. One of the main features of the GRI framework is that it provides grades, known as application levels, for the extent of a company's sustainability initiatives and reporting. The number of reports containing GRI‐verified application levels and the levels of sustainability are both on the rise. Moreover, there is a slow increase in the number of externally prepared assurance reports on sustainability numbers. The majority of these reports were prepared by Big Four accounting firms. Finally, the outsourcing of sustainability reporting has become more prevalent during the sample period. © 2017 Wiley Periodicals, Inc.

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Section: Reliance On External Assurance Providerssupporting

confidence: 92%

Stand‐Alone Sustainability Reporting Practices in an Emerging Market: A Longitudinal Investigation

Uyar¹

2016

J Corp Accounting Finance

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“…practitioners. Research on the motivations for reporting (Buhr, 2007;Deegan, 2007;Bebbington et al 2009), the content of reports (Perrini, 2005;Stiller & Daub, 2007;Sobhani et al, 2009;Kolk and Pinske, 2010;Morhardt, 2010), report verification (O'Dwyer & Owen, 2005;Simnett et al 2009;Jones & Solomon, 2010;Kolk & Perego, 2010;O'Dwyer et al, 2011) and the process of reporting (Adams, 2002;Adams & McNicholas, 2007;Adams & Frost, 2008) is well established. Corporations are increasingly reporting on their sustainability initiatives and recent work shows that the great majority of the world's largest companies now engage in some form of sustainability reporting (KPMG, 2011).…”

Section: Orporate Sustainability Reporting Has Received a Great Deamentioning

confidence: 99%

Linkages between Corporate Sustainability Reporting and Public Policy

Beare

Buslovich

Searcy

2013

Corp Soc Responsibility Env

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The purpose of this paper is to explore the linkages between corporate sustainability reporting and public policy. Interviews with experts from 35 different Canadian corporations that produce a sustainability report were held to address this issue. The interviews specifically focused on exploring how public policy influences sustainability reporting, investigating how corporate sustainability reporting influences public policy, and identifying the barriers to linking sustainability reporting with public policy. The majority of participants explained that their corporation's sustainability reporting has not been heavily influenced by public policy. Even in the relatively few cases where the participating corporations were required to report on sustainability-related information (i.e. financial and insurance companies), there was little indication that public policy was strongly considered in reporting. Although several participants felt that their sustainability reports could or should influence public policy, there were also indications that corporations are looking for additional guidance on reporting from government. In fact, the lack of direction from government was cited as a key barrier to improved linkages between corporate sustainability reporting and public policy. Future research should focus on addressing this problem, particularly at the individual sector level. Copyright

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“…Guenther et al analyzed environmental reporting of global mining, gas and oil companies and found a big gap when it comes to quantity versus quality of disclosure [48]. In Canada, it was found that CSR reporting quality in the mining industry is only slightly over 25%, trailing behind other industries [83]. In addition, Fonseca et al, in their research findings on sustainability reporting among mining corporations, point out critical limitations in the GRI approach [100].…”

Section: Discussionmentioning

confidence: 99%

“…The assumption behind this quantitative content analysis is that volume signifies importance. Several authors [33,[83][84][85] argued that using sentences would be a better variable to use but it was found that the use of words was more appropriate for this study as individual words included in graphs, tables, etc., could also be taken into account. This assumption is consistent with Deegan and Gordon that argue that by doing so the disclosure level can be measured in more detail [86].…”

Section: Independent Variablesmentioning

confidence: 99%

Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies

Dilling

2016

Sustainability

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This study empirically analyzes reporting on long-term value creation for Canadian public mining and energy companies. It represents an important first step in determining the quality of reporting and its determinants for large public companies. In this exploratory empirical study, a reporting quality scoring index was developed to measure disclosure quality of long-term value creation reporting. Content analysis was used to examine financial and sustainability reports for a sample of twenty Canadian public mining and energy companies. Corporate disclosure quality scores were then calculated by assessing the quality of reporting in four main categories. The findings suggest that overall disclosure quality on long-term value creation is still low. Companies disclosing higher quality information on long-term value creation are of bigger size, operate in the basic materials sector, have an independent board, are listed in the Dow Jones Sustainability Index, experience higher stock volatility and use more words related to long-term value creation in their annual financial and non-financial reports. In order to increase and restore stakeholder trust and credibility as well as a tool to maintain stability, it is strongly recommended to introduce adequate mandatory standardization resulting in a set of internationally recognized reporting standards as well as a requirement for external assurance of reports.

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Sustainability reporting and assurance

Cited by 56 publications

References 26 publications

Stand‐Alone Sustainability Reporting Practices in an Emerging Market: A Longitudinal Investigation

Stand‐Alone Sustainability Reporting Practices in an Emerging Market: A Longitudinal Investigation

Linkages between Corporate Sustainability Reporting and Public Policy

Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies

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