Abstract
Sustainability reporting, under organizational reporting framework, gives information about economic, environmental, social, and governance performance (GRI). Corporate sustainability reporting has a strong practice of environmental reporting with corporate principles. Despite various guidelines such as GRI, the reporting and presentation of sustainable items are not common in practice. The study aims to analyze the current sustainability of Accounting Practices in Indian Cement Companies. To analyze the same, researchers have taken a case study of five prominent cement companies, JK Cement Ltd., Shree Cement Ltd., ACC Cement Ltd., Binani Cement Ltd., and Ambuja Cement. The study observed the common reporting methods of the selected companies under various common heads in the Indian Cement companies and later to make a comparison amongst them, further by taking the views of the company respondents, with a questionnaire. For measuring combined effect of the selected companies, financial and non-financial disclosure of the selected 13 items for sustainable reporting has been considered, and to analyze the independent variables having influenced upon the combined effect of dependent variables MANOVA statistical technique was applied. It was found that there is a critical difference in the reporting of financial and non-financial sustainability factors by Indian cement companies. The study concluded that the corporations should follow the best standards of environmental sustainability for strengthening their activities and documentation on sustainable growth.
Highlights
For measuring combined effect of the selected companies, financial and non-financial disclosure of the selected 13 items for sustainable reporting has been considered, and to analyze the independent variables having influenced upon the combined effect of dependent variables MANOVA statistical technique was applied
In the new era, the stakeholders are not limited to one country and nor their requirements are limited to financial reporting
For companies providing financial and non-financial disclosure of the selected 13 items for sustainable reporting, a hypothesis is prepared for measuring perception towards disclosure of sustainable items as following
Summary
Sustainability is the ability to maintain a certain status or process in existing systems. In 1987, the World Commission on Environment and Growth released a study reflecting the sense of manageability regarded as the “Brundtland Concept”. This is the most agreed concept globally, which notes that sustainability “meets the needs of the current without undermining the capacity of future generations to satisfy their own needs” (Yeh, 2019). More and more research data are being gathered demonstrating that citizens and human culture use natural capital at an unpreserved pace. It becomes clear that a massive and uncoordinated attempt needs to be made to regulate the human use of natural resources by way of a concentrated effort.
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