The paper argues that both legitimacy and stakeholder theories used together provide a better explanation of sustainability reporting among companies than one or the other theory used independently. Trends in financial and sustainability reporting by companies are discussed and the Global Reporting Index is justified as a preferred guideline for sustainability reporting. The two main theories (legitimacy and stakeholder), used in the literature to explain sustainability reporting among companies, are covered and their complementarity defended. A research proposal is described to test the contention that the two theories together explain better the sustainability reporting practices of companies than one or the other theory employed individually.
|Keywords:||Sustainability Reporting, Indicators, Disclosure, Global Reporting Initiative|
Postgradute Degree Student, School of Business, Economics and Public Policy, University of New England, Armidale, New South Wales, Australia
Associate Professor, School of Business, University of New England, New South Wales, Australia
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