The Functional Differentiation Between the International Integrated Reporting Council (IIRC) and the Global Reporting Initiative (GRI) in the Sphere of Sustainability Reporting

Ogata, Kensuke; Inoue, Sadako; Ueda, Atsuki; Yagi, Hiroyuki

doi:10.1007/978-3-319-70899-7_11

Cited by 5 publications

(4 citation statements)

References 18 publications

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“…This organization promotes the worldwide adoption of integrated reports and allows aligning capital allocation and corporate behaviour to the broader objectives of financial stability and sustainable development, both in the public and private sectors (IIRC, 2019). The IIRC shifted the emphasis from information related to sustainability, previously aligned with the information promoted by the GRI, to more targeted information for investors (Ogata et al , 2018). The first version of the IIRC Framework was published in 2013.…”

Section: Theoretical Foundations and Hypotheses Developmentmentioning

confidence: 99%

Environmental disclosure on mandatory and voluntary reporting of Portuguese listed firms: the role of environmental certification, lucratively and corporate governance

Monteiro

Pereira

Barbosa

2021

MEDAR

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Purpose This study aims to construct two environmental disclosure indices (EDI), one obtained from the mandatory reporting (annual report) and the other from the voluntary reporting (sustainability report), to compare their evolution. In addition, the authors developed and evaluated a conceptual model that aims to analyse if the two EDI are affected by industry, environmental certification, lucratively and corporate governance attributes. The legitimacy, signalling and voluntary disclosure theories are used to support the theoretical relationship between the company’s characteristics, corporate governance and environmental disclosure. Design/methodology/approach Using the content analysis technique, the authors have developed two indices to assess the level of environmental disclosure in the companies’ mandatory and voluntary reporting. In addition, to analyse the determinants of EDI, the authors applied the technique of multiple linear regression using panel data. Findings Based on Portuguese listed companies (Euronext-Lisbon), the results, from 2015 to 2017, exhibited an increase of 14.6% and 25.8% for the EDI obtained from the annual reports and for EDI obtained from the sustainability reporting, respectively. In addition, the results revealed that the environmental certification, lucratively, number of members on board and number and proportion of women of the board directors tend to affect the annual reporting EDI. Regarding the sustainability reporting EDI, the results showed that the environmental certification, lucratively and proportion of independent members of the board of directors have an impact on it. Research limitations/implications The study focuses on quantitative rather than qualitative disclosures and it brings some insights to the theoretical field. Practical implications The results obtained can assist corporate decision-making processes regarding the improvement of environmental disclosure, both on the mandatory annual report and on voluntary sustainability reports. Originality/value This study brings new perspectives to this topical issue in accounting. Originally, this study is applied to Portuguese listed companies and it shows different trends and determinants of environmental disclosure when included in the annual reporting or sustainability reporting.

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Section: Theoretical Foundations and Hypotheses Developmentmentioning

confidence: 99%

Environmental disclosure on mandatory and voluntary reporting of Portuguese listed firms: the role of environmental certification, lucratively and corporate governance

Monteiro

Pereira

Barbosa

2021

MEDAR

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“…Thus, several authors present integrated reporting as a further step in the sustainability reporting process (Stubbs and Higgins, 2014;Brusca et al, 2018). Ogata et al (2018) find a co-dependent relationship between sustainability reporting and integrated reporting, which means that sustainability reports, such as those based on the GRI principles, can be useful in disseminating the activities of entities from an ESG (Environmental, Social and Governance) perspective. In this sense, the GRI standards, widely recognised internationally, are designed for the presentation of sustainability information that can be included in integrated reports.…”

Section: Stakeholder Theory In the University Environmentmentioning

confidence: 99%

Reporting the Social Value Generated by European Universities for Stakeholders: Applicability of the Global Reporting Initiative Model

et al. 2021

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Universities are increasingly being asked to contribute to addressing the significant local and global challenges, such as those identified in the 2030 Agenda. Set in this framework, universities need to account for the social value they generate through their activities, particularly from the perspective of their contribution to different stakeholders. This approach requires, first of all, that the main stakeholders are identified. Relationship and dialogue mechanisms then need to be established which can help guide universities to choose activities which can better meet the needs of their stakeholders. The current paper analyses the potential of integrated reports, and triple bottom line reports, as an instrument for reporting on aspects that go beyond the financial sphere, including economic, social and environmental aspects. Specifically, the paper focuses on studying the viability of the Global Reporting Initiative (GRI) for reporting the value that European universities generate for their stakeholders. The results show, firstly, that the universities in the sample do not sufficiently address these questions in their reports. Internal stakeholders are prominent in their reports, with the interaction between them and the universities being generally unidirectional. References to value generated are limited, and usually refer to the economic value. However, some examples of good practices are identified that could be used to improve standards of reporting, especially in universities committed to integrated reporting initiatives, in order to better reflect the social value.

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“…Currently, CRD includes additionally the US FASB, and the ISO [151]. Such a comprehensive and collective alliance could increase IIRC's difficulty in developing the International <IR> Framework, since it must consider the interests of a diverse range of CRD stakeholders [152] (p. 277).…”

Section: Financial Reporting Reform: a Lost Case?mentioning

confidence: 99%

Comprehensive Approach to Relevant and Reliable Reporting in Europe: A Dream Impossible?

Mähönen

2020

Sustainability

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Corporate reporting and governance are interlinked: Accounting and reporting inventions created the modern company, and without the modern company there is no entity from which to report. Due to its raison d’etre, reporting remained finance-centered, to protect financial capital providers. From the 1970’s, the question of the interests of ‘stakeholders’ emerged, with attempts of ‘social reporting’, ‘corporate social responsibility’, ‘environmental’, and ‘social and environmental’ and finally ‘integrated’ accounting and reporting. These trends are reflected also in the European Union legal framework, both in regulation of especially financial intermediaries and the ‘non-financial’ reporting. This article is based on an extensive literature review, research conducted in the Sustainable Market Actors for Responsible Trade (SMART) project, and socio-legal and economic empirical research based conceptual analysis of the impact of these reporting systems and their relationship to financial accounting and reporting. The result of the research is that sustainability is reduced to focus on institutional investors and other members in the investment supply chain, and climate change issues only, and new regulatory solutions are required. Based on the most recent developments in EU law and in European jurisdictions, possible paths forward are envisaged to encourage sustainability in reporting and assurance, and through that, in governance. As an outcome a set of regulatory reform proposals are given based on the SMART recommendations.

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The Functional Differentiation Between the International Integrated Reporting Council (IIRC) and the Global Reporting Initiative (GRI) in the Sphere of Sustainability Reporting

Cited by 5 publications

References 18 publications

Environmental disclosure on mandatory and voluntary reporting of Portuguese listed firms: the role of environmental certification, lucratively and corporate governance

Environmental disclosure on mandatory and voluntary reporting of Portuguese listed firms: the role of environmental certification, lucratively and corporate governance

Reporting the Social Value Generated by European Universities for Stakeholders: Applicability of the Global Reporting Initiative Model

Comprehensive Approach to Relevant and Reliable Reporting in Europe: A Dream Impossible?

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