Corporate Sustainability Reporting: Global Standards and Practices

Abstract

Corporate sustainability reporting has emerged as a crucial aspect of modern business practices, reflecting a company’s commitment to environmental, social, and governance (ESG) factors. This paper examines global standards and practices in corporate sustainability reporting, providing an overview of key frameworks, reporting guidelines, and their impact on corporate transparency and accountability. By analyzing various international standards, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate related Financial Disclosures (TCFD), this study highlights the evolution of sustainability reporting, challenges faced by organizations, and the role of regulatory bodies in shaping reporting practices. The paper aims to offer insights into how these standards can be effectively implemented to enhance corporate sustainability and drive positive change in business practices.