A review of the factors of sustainability reporting systems with an economic development approach

Subject Areas : Development

Saeed  Anwar Khatibi ¹ (Assistant Professor, Department of Accounting, Tabriz Branch, Tabriz Azad University, Tabriz, Iran)

Received: 2023-09-02 Accepted : 2023-09-13 Published : 2023-08-23

Keywords: Stakeholder Theory, Legitimacy theory, Institutional theory, non-financial information,

Abstract :

In the last decade, the use of sustainability reporting as a tool for communicating and reporting on the performance of sustainability objectives by companies has led to a growing awareness of its value and development in the corporate world. Therefore, exploring this phenomenon for a better understanding and identifying its characteristic elements is important. This study aims to systematically review the literature to establish the distinctive elements of sustainability reporting and provide a complete theoretical framework that allows the classification of the drivers that are crucial for adopting sustainability reporting. Through the analysis, we describe the characteristic elements of sustainability reporting in a homogeneous and concise summary. The drivers that result, may prove useful not only in the context of non-financial reporting but also in encouraging adequate economic-business reflections that may inspire new research trajectories for scholars field.Keywords: Legitimacy theory, Stakeholder theory, Institutional theory, non-financial information, Sustainability reporting, Institutional drivers.