Research Handbook on Sustainability Reporting

Edited by Gunnar Rimmel, Chair in Accounting and Sustainability Reporting, Aalborg University Business School, Denmark, Güler Aras, Professor of Finance, Accounting and Sustainability, Chair of the Center for Finance Governance and Sustainability (CFGS), Yildiz Technical University (YTU), Turkey, Diogenis Baboukardos, Associate Professor of Accounting, Audencia Business School, France and Athens University of Economics and Business, Greece, Joanna Krasodomska, Associate Professor of Accounting, Krakow University of Economics, Poland, Christian Nielsen, Department of Management Computer Science and Engineering, University of Bologna, Italy and Frank Schiemann, Professor of Management Accounting, University of Bamberg, Germany

‘Everyone can learn something new and valuable from reading this Research Handbook. It takes a comprehensive approach to assessing the past, present, and future of sustainability reporting, publishing insightful chapters that illuminate the immense challenges facing sustainability reporting research and practice. Whether detailing its complicated history, bringing unique theoretical perspectives to its empirical study, or charting its prospects, each chapter tackles sustainability reporting with rigor and promise. I highly recommend it!’

• ContentsPART I INTRODUCTION1 Multifaceted, complex, and multilayered aspects of sustainabilityreporting research: an introduction 2Gunnar Rimmel, Güler Aras, Diogenis Baboukardos, Joanna Krasodomska,Christian Nielsen and Frank SchiemannPART II FRAMEWORKS AND STANDARD SETTERS2 Integrated reporting – a memetic evolutionary perspective 13Wayne van Zijl, Dannielle Cerbone and Warren Maroun3 Convergence of sustainability reporting standards for sustainabledevelopment: are salient institutions obliging? 32Hammed Afolabi, Ronita Ram and Gunnar Rimmel4 Research states and avenues in sustainability reporting: a building blockapproach 55Blerita Korca, Ericka Costa and Frank Schiemann5 (R)evolution of sustainability reporting regulation in the European Union 75Silvia Panfilo, Simone Pizzi and Joanna Krasodomska6 Comparative analysis of the GRI Standards and the IR Framework andtheir impact on the quality of disclosures 90Ewa Różańska, Łukasz Matuszak and Joanna Dyczkowska7 Global baseline: the path to IFRS Sustainability Disclosure Standards 109Victor Wagner, Thorsten Sellhorn, Katharina Weiß and Christoph PelgerPART III SUSTAINABILITY REPORTING WITHIN THE COMPANY8 Management accounting and control for sustainability – managementcontrol as a moderator when transforming sustainability ambitions intoactions in a public organisation 130Matti Skoog and Mathias Cöster9 Exploring different perspectives of management control for sustainability 144Chiara Crovini, Sirle Bürkland and Frederik Zachariassen10 The evolution of internal auditing and ESG criteria compliance 159Nabyla Daidjv11 Social entrepreneurship and performance measurement: a literaturereview of theoretical and empirical implications 181Christoph FeichtingerPART IV SUSTAINABILITY REPORTING AND CAPITAL MARKETS12 Sustainability disclosure and capital markets: a review of the literature 201Michela Cordazzo, Laura Bini and Lorenzo Simoni13 Meeting the EU’s Sustainability Disclosure Rules – a mission (im)possible? 224Martina Macpherson14 Capital market effects of climate-related disclosure 247Christian Ott15 Who signs up to the UN PRI? Evidence from the world’s largestinstitutional investors 267John Marcel Klumpes and Jesper Lindgaard ChristensenPART V GOVERNANCE16 Corporate governance and sustainability: an overview of the new trendsin the European Union 289Federica Doni and Diego Toscani17 Conceptualising climate change governance and disclosure to enhancesustainability reporting 305Syed Mahfujul Alam and Ericka Costa18 Sustainable corporate governance 319Andrea Melis, Simone Aresu, Luigi Rombi and Mariem KhalfaouiPART VI SUSTAINABILITY REPORTING – AROUND THE WORLD19 The compliance of Turkish listed firms with the SustainabilityPrinciples Compliance Framework 347Guler Aras, Ozlem Kutlu Furtuna and Evrim Hacõoglu Kazak20 Sustainability reporting model in the Malaysian palm oil industry:practices, limitations and challenges 364Maizatulakma Abdullah and Gunnar Rimmel21 The extent and quality of sustainability-related reporting: evidence ofintegrated thinking in South Africa? 380Dusan Ecim and Warren Maroun22 Sustainability reporting in Central and Eastern European countries 396Cătălin-Nicolae Albu, Nadia Albu, Mădălina Dumitru, Raluca Gina Guşe andMaria-Silvia Săndulescu23 SDG water disclosure around the globe 414Md Alamgir Jalil, Silvia Gaia and Chaoyuan ShePART VII SUSTAINABILITY REPORTING – METHODS, THEORIESAND OUTLOOK24 Stakeholders in sustainability research: a review of the literature usinga topic modeling approach 428Emmeli Runesson and Niuosha Samani25 Analysing discourse in corporate sustainability reporting: linguistics insights 452Emre Parlakkaya and Renata Stenka26 Sustainability reporting and communication in new media 470Charles H. Cho, Dorota Dobija, Chaoyuan She and Ewelina Zarzycka27 Sustainability reporting in light of the European Union regulations:integrating theory and policy 483Maria Aluchna28 A new era of sustainability reporting research on the horizon: an outlook 501Gunnar Rimmel, Güler Aras, Diogenis Baboukardos, Joanna Krasodomska,Christian Nielsen and Frank Schiemann