Internal Sustainability Reporting in the Hotel Industry

Lahorka Halmi () and Katarina Poldrugovac
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Lahorka Halmi: Karlovac University of Applied Sciences
Katarina Poldrugovac: Karlovac University of Applied Sciences

A chapter in Tourism, Travel, and Hospitality in a Smart and Sustainable World, 2023, pp 221-235 from Springer

Abstract: Abstract Sustainability reporting is becoming an increasingly widespread form of reporting by various business enterprises. European Commission’s Proposal for a Directive on corporate sustainability reporting amending Accounting directive (2013/34/EU), the Non-Financial Reporting Directive (2014/95/EU), the Transparency Directive (2004/109/EC), the Statutory Audit Directive (2006/43/EC) and the Statutory Audit Regulation (No. 5357/2014) moves sustainability reporting to the margins of the norm for regular corporate reporting. Against this background, the objective of this paper is to investigate the de facto level of harmonization of hotel companies' internal sustainability reporting with respect to (1) the measurement and disclosure of environmental and social key performance indicators (KPIs) and (2) the assessment of the importance of environmental and social KPIs. Data were collected using an online questionnaire and examined using qualitative methods, where measurement and disclosure of KPIs were measured with the C index and assessing the importance of KPIs with a nonparametric Kendall’s W test of concordance. The research results show that there is a low degree of harmonization in internal sustainability reporting with respect to the two selected topics. The novelty of the study lies in the application of qualitative methods in accounting research and in the discovery of a way to link internal sustainability reporting processes with external sustainability disclosures.

Keywords: Sustainability accounting; Sustainability reporting; Internal sustainability reporting harmonization; Hotel industry (search for similar items in EconPapers)
JEL-codes: Q Q56 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-26829-8_14

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DOI: 10.1007/978-3-031-26829-8_14

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