TITLE:
Emerging Trends in Sustainability Reporting (SR): Comparative Literature Review in Developed, Developing and GCC Countries
AUTHORS:
Hassan Mousa Haidar, Rabia Minatullah Sohail, Shatha Mohammed Al Qurashi
KEYWORDS:
Sustainability Reporting, International Institute for Sustainable Development (IISD), Global Reporting Initiate (GRI), UN Global Compact (UNGC), Organization for Economic Co-operation and Development (OECD)
JOURNAL NAME:
Open Journal of Business and Management,
Vol.9 No.6,
November
2,
2021
ABSTRACT: This
paper aims to investigate the emergence and practices of sustainability reporting (SR) in developed, developing and GCC
countries, as well as the various users of sustainability reports. To
gain thorough insights on the regulatory guidelines that govern SR practices,
the paper deeds the SR standards and related frameworks. Furthermore, the paper
looks at SR motivations to ascertain the impact of stakeholders, regulations,
and rankings on SR practices of a company. Profoundly, a review of literature on
SR practices in developed, developing and GCC countries is conducted to
identify and substantiate an academic research gap. The major findings of this
paper contribute to displaying that the extent of SR reporting motives and
practices is pointedly differentiated between developed, developing and GCC countries
due to cultural factors, legitimacy concerns
and country-level perspectives, however GCC countries have gained
enhanced impetus due to the legislative nature of private and public
industries.