Corporate sustainability reporting, goals and challenges

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dc.contributor.authorMaisuradze, Marina
dc.contributor.authorChavleshvili, Nino
dc.date.accessioned2026-02-11T11:02:55Z
dc.date.available2026-02-11T11:02:55Z
dc.date.issued2024
dc.description1. European Union (2023). Sustainable Finance Disclosure Regulation (SFDR). 2. Eccles, R. G., & Klimenko, S. (2019). "The Role of the Chief Financial Officer in Sustainability Reporting; 3. KPMG (2020). "The Time Has Come: The KPMG Survey of Sustainability Reporting 2020"; 4. Boubaker, S., & Nguyen, D. K. (2021). "Challenges of Sustainability Reporting: Evidence from Emerging Economies." Journal of Business Research, 123, 161-172; 5. Sullivan, R., & Mackenzie, C. (2017). "Sustainable Financial Reporting: A Global Perspective." The Journal of Applied Corporate Finance, 29(2), 18-25. 6. Sustainability Accounting Standards Board (SASB). (2023). SASB Standards 7. Deloitte (2024) Corporate Sustainability Due Diligence Directive (CSDDD) 8. McKinsey & Company (2020) "Toward a Global Framework for Sustainability Reporting" 9. Task Force on Climate-related Financial Disclosures (TCFD). (2023). Final Report: Recommendations of the TCFD. 10. IFRS S2 (june 2023) IFRS® Sustainability Disclosure Standard. Climate-related Disclosures. International Sustainability Standards Board 11. IFAC's Vision for High-Quality Sustainability Assurance 12. IFAC (Feb 15, 2024) Sustainability reporting and assurance 13. Hamad, S., Lai, F.-W., Shad, M. K., Shah, S. Q. A., Jan, A. A., & Ali, S. E. A. (17 July 2024). A reflection on the voluntary disclosure of sustainable development goals: The role of sustainability committee. Business Strategy & Development, 7(3):e398. https://doi.org/10.1002/bsd2.398
dc.description.abstractCorporate sustainability financial reporting focuses on integrating environmental, social, and governance (ESG) factors into financial disclosures. Here’s a summary of its goals and challenges: Goals: Transparency: Improve the clarity and accessibility of sustainability-related information for stakeholders, including investors, customers, and regulators. Accountability: Hold companies accountable for their sustainability commitments and performance, fostering trust among stakeholders. Decision-Making: Provide relevant data to help investors and management make informed decisions regarding sustainability risks and opportunities. Challenges: Data Collection and Quality: Difficulty in gathering accurate and comprehensive data on sustainability metrics, often due to lack of systems or standard definitions. Regulatory Complexity: Navigating a patchwork of evolving regulations and reporting requirements across different jurisdictions. Integration with Financial Reporting: Integrating ESG data with traditional financial metrics in a meaningful way remains complex and often inconsistent. Stakeholder Expectations: Balancing diverse stakeholder demands and expectations regarding sustainability reporting, which can vary widely. Resource Constraints: Limited resources (financial, human, technological) for companies, especially smaller ones, to invest in robust sustainability reporting practices. Overall, while the goals of corporate sustainability financial reporting are geared towards enhancing transparency and accountability, the challenges often stem from data limitations, regulatory landscapes, and the need for integration with traditional financial metrics.
dc.identifier.citationIX International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2024, pp. 198-203
dc.identifier.issn978-9941-36-414-3
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/2680
dc.language.isoother
dc.publisherIvane Javakhishvili Tbilisi State University Press
dc.titleCorporate sustainability reporting, goals and challenges
dc.typeArticle
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