Abstract
In terms of sustainability, traditional disclosure does not provide the necessary information to all stakeholders, mainly addressing the company’s shareholders’ expectations. As a result, organisations need to disclose more non-financial information, which implies social and environmental issues. Many organisations currently provide sustainability reports in addition to the annual management reports containing financial and economic data. Several studies have focused on adopting practices and tools in the sustainability area and their overlap with traditional managerial techniques and tools. Nevertheless, integration involves a harmonising process, compatibility and alignment between different management practices. This study aims to assess the impact that the inclusion of sustainable reporting practices in corporate management reports has on economic performance, and to support filling the gap in the specific literature by proposing an integrated reporting model achieved through a harmonising process, compatibility and alignment.
Highlights
In today’s increasingly globalised economy, with information technologies in full swing, stakeholders want any organisation to be responsible, accountable and transparent.Sustainability reporting involves assessing the economic performance in environmental and social terms, not just economic and financial
To demonstrate the need to integrate sustainability reporting into managerial reporting, we developed Hypothesis 5
Among the management tools used to integrate managerial reporting with sustainability reporting, we have considered that both Management by Objectives and Risk
Summary
In today’s increasingly globalised economy, with information technologies in full swing, stakeholders want any organisation to be responsible, accountable and transparent. Sustainability reporting involves assessing the economic performance in environmental and social terms, not just economic and financial. Sustainability reporting supports the process of minimising risks, increasing the corporate brand, occupying a competitive position in the market, raising staff awareness on sustainability issues, and attracting long-term financial capital and more favourable funding conditions from credit institutions. Regardless of its scope, reporting must create a coherent picture of the values, principles, governance, practices and economic performance. In sustainability, reporting allows stakeholders to better assess an organisation’s risks and reliability and the long-term challenges the organisation faces. That is why sustainability reports should be transparent and flexible to meet the general requirements of most users
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