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Advisor(s)
Abstract(s)
The most recent reporting proposals tend to consider information that is not
eminently financial. A trend that has been encouraged since the awareness that the
decision-making process should take into consideration environmental, social, and
corporate governance factors and that has been helping companies internalize that their
responsibilities to society go beyond their economic and legal obligations. A trend that
would eventually lead different organizations to work hard to offer regulations capable
of guiding the process of preparing and disclosing the required information, but which,
by becoming mandatory only for certain types of companies, would end up including
mostly voluntary reporting practices and with an information capacity clearly below
expectations. It is in this context that this study is developed, with the main purpose of
presenting a reflection on the main reporting trends, although particularly focused on
corporate sustainability reporting, to identify challenges and the role that accounting and
social pressure may be called upon to play. The results point to a low adherence and to
the non-consolidation of the different proposals that have emerged, presenting the
option for non-binding reporting practice as the main justification for the main criticisms
and for the fact that, so far, a fully instituted reporting model has not been achieved at
this level. Also allow us to anticipate that the main difficulty has to do with the little
attention and concern that companies have dedicated to these matters, which will only
be overcome as the market judge’s corporate performance at this level, benefiting
investments with economically favorable expectations once their environmental and
social impacts are weighed.
Description
Keywords
Accounting Decision-make-process Social pressure Sustainability reporting Social and corporate responsibility
Citation
Pires, Amélia M.M.; Rodrigues, Fernando J.P.A. (2022). The challenges of accounting and the role of social pressure in sustainability reporting a reflection from the main trends. International Journal of Business Innovation. 1:3. p. 1-13
Publisher
Universidade de Aveiro