Abstract
The purpose of this paper is to know the rules and regulations of sustainability reporting in Bangladesh, the extent of sustainability reporting practice, way of reporting in banking companies of Bangladesh and to assess the disclosure of environmental aspects in sustainability report of the banking companies in Bangladesh for developing a sustainable reporting culture. Global Reporting Initiative (GRI) plays a leading role in developing guidelines in the preparation of sustainability reports. That’s why GRI’s standard guideline is taken into consideration. The study revealed that sustainability related information in the banking company’s annual report was not sufficient enough. Moreover, in most of the cases, it was found that the information regarding sustainability reporting did not meet the standard of GRI guidelines. The study sketches the current sustainability reporting trends and practices of the banking industry in Bangladesh. Specifically, the environmental aspect of sustainability reporting is the focal point of this study. Reporting style, report size, items disclosed in the report, environmental awareness activities, and future direction related to sustainability reporting practice are also found in this study. It can help different levels of managers, organizations, stakeholders and regulatory authorities to identify issues and areas that they could be focused on to formulate future plans for making a sustainable future reporting culture in the banking sector of Bangladesh in order to make the world more sustainable.
Highlights
All organizations make positive and negative contributions towards sustainable development through their activities and relationships
To create awareness for sustainability issues and improve sustainable reporting practice in Bangladesh, this study aims to examine the sustainability reporting practices of top companies in Bangladesh
It is observed that the analysis states that the banks are showing an emphasis on sustainability disclosure day by day in an effort to measure, disclose and be accountable to internal and external stakeholders in terms of governance, economic, environmental and social aspects
Summary
All organizations make positive and negative contributions towards sustainable development through their activities and relationships. Organizations have a key role to play in achieving a more sustainable economy, environment and society. One of the tools they have available is sustainability reporting, or an organization’s practice of reporting publicly on its economic, environmental, and social impacts (Amran and KeatOoi, 2014). Sustainability reporting is a method of reporting as regards to economic, environmental and social performance of an organization (Bowers, 2007). Each of the banks has to publish the reporting following the international standard of GRI, but none except a few are abided by the rules. Sustainability reporting is a mainstream business practice (CIPFA, 2010). By 2017, 93% of the world’s largest 250 corporations reported on their sustainability performance, according to a KPMG survey (KPMG, 2005; and KPMG, 2008)
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Canadian Journal of Business and Information Studies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
