Sustainability Reporting: The Black Box

Raz Godelnik ()
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Raz Godelnik: The New School

Chapter Chapter 3 in Rethinking Corporate Sustainability in the Era of Climate Crisis, 2021, pp 41-65 from Springer

Abstract: Abstract Reporting non-financial data has become a key element of corporate sustainability. Most public companies now offer regular updates on their progress toward voluntary sustainability commitments, reflecting a growing demand from investors and other stakeholders for greater transparency on sustainability-related issues. This chapter examines the evolution of sustainability reporting (SR), including the development of reporting standards and frameworks (e.g., GRI, SASB, IIRC), and their different approaches to SR. It questions SR’s overall effectiveness in terms of advancing corporate sustainability meaningfully, looking under the hood of SR to study it from a systemic point of view. This inquiry considers three possible explanations for SR’s shortcomings: applying a “mechanical” approach instead of a “biological” one, having little to no context, and adhering to a sustainability-as-usual mindset.

Keywords: Sustainability reporting; ESG; Triple bottom line; Context-based sustainability; GRI; SASB (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77318-2_3

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DOI: 10.1007/978-3-030-77318-2_3

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