TY - JOUR
T1 - The Surge of Environmental Social and Governance Reporting and Sustainable Development Goals
T2 - Some Normative Thoughts
AU - De Silva Lokuwaduge, Chitra S.
AU - Smark, Ciorstan
AU - Mir, Monir
N1 - Publisher Copyright:
© 2022 Australasian Accounting Business and Finance Journal and Authors.
PY - 2022/3
Y1 - 2022/3
N2 - The rising demand for Environmental Social and Governance (ESG) disclosure by stakeholders has created a new tide of sustainability reporting, including Sustainable Development Goals (SDGs). With this new rising tide, the need for enhanced credibility in ESG information has stimulated the development of carbon accounting, ESG disclosure measures and regulations around the world. The aim of this article is to analyse the risks and opportunities of ESG practices and the impact of different stakeholders on the measures, tools and frameworks, including SDGs used among different sectors to report sustainability performance. This study finds that business leaders worldwide have an opportunity to use transparent information about ESG risks and opportunities to promote more effective engagement with investors and other stakeholders and global, national and organisational leaders have a legal and ethical responsibility to deliver sustainable outcomes to their global and local communities.
AB - The rising demand for Environmental Social and Governance (ESG) disclosure by stakeholders has created a new tide of sustainability reporting, including Sustainable Development Goals (SDGs). With this new rising tide, the need for enhanced credibility in ESG information has stimulated the development of carbon accounting, ESG disclosure measures and regulations around the world. The aim of this article is to analyse the risks and opportunities of ESG practices and the impact of different stakeholders on the measures, tools and frameworks, including SDGs used among different sectors to report sustainability performance. This study finds that business leaders worldwide have an opportunity to use transparent information about ESG risks and opportunities to promote more effective engagement with investors and other stakeholders and global, national and organisational leaders have a legal and ethical responsibility to deliver sustainable outcomes to their global and local communities.
KW - Carbon accounting
KW - Climate change
KW - ESG
KW - SDG
KW - sustainability
UR - http://www.scopus.com/inward/record.url?scp=85128411329&partnerID=8YFLogxK
U2 - 10.14453/aabfj.v16i2.2
DO - 10.14453/aabfj.v16i2.2
M3 - Article
AN - SCOPUS:85128411329
VL - 16
SP - 3
EP - 11
JO - Australasian Accounting, Business and Finance Journal
JF - Australasian Accounting, Business and Finance Journal
SN - 1834-2000
IS - 2
M1 - 2
ER -
