Does extent of sustainability reporting influence financial performance? Evidence from five Asian economies
by Puneeta Goel; Rupali Misra
International Journal of Environment, Workplace and Employment (IJEWE), Vol. 6, No. 1/2, 2020

Abstract: Sustainability reporting is a framework of comprehensive reporting of social and environment performance along with financial disclosures. According to KPMG (2017) survey, Global Reporting Initiatives (GRI) is considered the most inclusive framework for reporting sustainable practices by the firms. The primary objective of this paper is to assess and compare extent and informativeness of sustainability reports per GRI-G4 guidelines of five Asian economies (India, Japan, Hong Kong, Singapore and Philippines). Using specific standard disclosures related to six different aspects of sustainability reporting as per GRI-G4 indicators, this study examines the relationship between sustainability reporting and financial performance of the selected companies. Over all, it has been observed that though sustainability reporting is gaining its ground, the extent of reporting as per GRI-G4 guidelines is low in all economies and there is a significant difference in reporting by selected countries. The study neither finds any significant impact of sustainability reporting on ROS and ROA, nor does financial performance significantly predict informativeness of sustainability reporting on different GRI-G4 indicators. The policy implication that the study recommends is to make sustainability reporting mandatory by law with penalty clause to make it more effective and comprehensive.

Online publication date: Thu, 18-Feb-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Environment, Workplace and Employment (IJEWE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com