Sustainability Reporting and Multilevel Governance

Abstract

Providing transparency and accountability can be achieved by efficient governance mechanisms, which need interactive participation of stakeholders in the decision-making process. On the other hand, it is fair to say that traditional reporting is inadequate to inform stakeholders of an organization's activities. Therefore, sustainability accounting has become more popular among authorities and organizations in order to provide comprehensive information which concentrates on value creation and sustainable development. In this chapter, the authors aim to touch on the need of sustainability accounting to support multilevel governance mechanisms by describing the main dimensions of sustainability accounting and integrated reporting.

The Role of Sustainability Reporting and Governance in Achieving Sustainable Development Goals: An International Investigation

“…The findings corroborated the theoretical justification of institutional theory, which claims that corporations must abide by the institutions of the country in which they conduct business [110]. According to [111], traditional reporting, on the other hand, is insufficient to communicate with stakeholders about an organization's activities. Therefore, based on the findings, this research recommends that the national government urge businesses to raise SR practices.…”