Aug 2026· World Journal of Finance and Investment Research· 0 citations
Abstract
The proliferation of sustainability reporting frameworks has intensified debate over which
standards best serve stakeholder information needs. Using stakeholder theory and legitimacy
theory, this study compares stakeholder perceptions of reports prepared under the Global
Reporting Initiative (GRI) versus the Sustainability Accounting Standards Board (SASB, now part
of ISSB). A mixed-methods survey of 384 institutional investors, NGOs, employees, and regulators
across the US, EU, and Nigeria was combined with content analysis of 120 reports from 2021
2024. Findings indicate that GRI-based reports are perceived as more comprehensive and useful
by non-investor stakeholders due to their impact-materiality focus and broad social disclosures.
SASB-based reports are rated higher by investors for decision-usefulness, comparability, and
financial materiality. When firms use both, stakeholders report greater trust but also complexity.
The study confirms that “financial and sustainability materiality are driven by different purposes”,
and recommends a dual-reporting approach aligned with ISSB S1/S2 and GRI for legitimacy and
capital-market efficiency.
This study seeks to compare the transparency, consistency, and comprehensiveness of various
sustainability reports prepared by international organizations that have adopted the Global
Reporting Initiative (GRI) standards with those that disclose their financial statements using
International Financial Reporting Standar...
S. Teixeira· Journal of Accounting and Fi...· 0 citations
This study examines differences in stakeholders' perceptions of ESG issues in a European corporate group and their implications for double materiality assessment under the Corporate Sustainability Reporting Directive. Drawing on stakeholder theory, it analyses survey responses from 15 stakeholder groups and compares...
Agnieszka Szulc-Obłoza, Dominik Śliwicki, Monika Pietkiewicz et al.· Corporate Social Responsibil...· 0 citations
This paper aims to explore the current practice of voluntary sustainability reporting in New Zealand. The ongoing criticisms from investors and other stakeholders indicate that there is a failure in financial reporting to address their informational needs for decision-making. This paper examines two aspects of volu...
The integration of sustainability practices into corporate operations is gaining increased significance, driven in part by regulatory pressures such as the European Union’s (EU) Corporate Sustainability Reporting Directive (CSRD), which currently is heavily debated. Nevertheless, the directive will expand the scope...
Patrick Kraus, Fabian Braun, Dennis Schlegel et al.· Journal of Financial Reporti...· 0 citations
Organizations face growing pressure to produce credible sustainability disclosures while navigating a fragmented reporting landscape. Although the Global Reporting Initiative (GRI), Integrated Reporting (IR), and Sustainability Accounting Standards Board (SASB) Standards are widely used, they embody different approache...
Vincent Gagné, Vicky Therrien· Journal of Applied Business...· 0 citations
This study aims to investigate the consequences of stakeholder pressure (shareholders, employees, and creditors) on the quality of sustainability reports in Indonesian energy sector companies. This is a quantitative study with a causal approach. The research sample consisted of companies in the energy sector for the ye...
Atika Atika, D. A. Prihastiwi, Salma Nur Fadhilatil Hidayah et al.· JURNAL EKSPLORASI AKUNTANSI· 0 citations
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