Convergence of sustainability reporting standards for sustainable development: are salient institutions obliging?

Hammed Afolabi, Ronita Ram, Gunnar Rimmel

Research output: Contribution to book/anthology/report/conference proceedingBook chapterResearchpeer-review

Abstract

This chapter investigates the responses of the various influential groups to the IFRS Foundation’s consultation paper on sustainability reporting, particularly relating to the key issues causing tensions and debates about how sustainability reporting can drive companies towards sustainable development. Further, it examines how the Foundation has progressed in the sustainability landscape and what this means for global sustainable development and the UN sustainable development goals. In this vein, this chapter utilises a stakeholder salience model (SSM) and qualitative content analysis to identify definitive stakeholders and understand their perceptions on the key issues, including how the IFRS Foundation has advanced, and the direction pursued in this context. Consequently, the chapter sheds light on the influential groups’ perspectives on the issues causing tension in the sustainability domain, such as ‘materiality, audience, scope, and core priorities’, and demonstrates how this impacts the IFRS Foundation’s actions, and their implications for the pursuit of global sustainable development. The chapter also highlights areas that require further research.
Original languageEnglish
Title of host publicationThe Routledge Handbook of Accounting for the Sustainable Development Goals
EditorsAndrea Venturelli, Chiara Mio
PublisherRoutledge
Publication date17 Nov 2024
Chapter2
ISBN (Print)9781032518282
DOIs
Publication statusPublished - 17 Nov 2024

Keywords

  • Definitive stakeholders
  • EFRAG
  • IFRS Foundation
  • Stakeholder salience model
  • Standard Setting
  • Sustainability
  • Sustainable development

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