201. Reporting and Disclosure of Investments in Sustainable Development
- Author
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Aleksander Werner and Piotr Staszkiewicz
- Subjects
integrated reporting ,CSR reporting ,Geography, Planning and Development ,Population ,TJ807-830 ,Accounting ,Audit ,Management, Monitoring, Policy and Law ,TD194-195 ,Renewable energy sources ,company footprint ,0502 economics and business ,GE1-350 ,Financial accounting ,triple accounting ,education ,COVID ,Sustainable development ,education.field_of_study ,financial reporting ,Environmental effects of industries and plants ,Agenda 2020 ,Renewable Energy, Sustainability and the Environment ,business.industry ,Journal entry ,05 social sciences ,050201 accounting ,Integrated reporting ,auditing ,Environmental sciences ,sustainable investments ,Sustainability ,momentum accounting ,business ,Database transaction ,050203 business & management - Abstract
This paper builds upon prior research regarding the quest for a sustainable measuring method. Here, we present a method to integrate sustainability and financial accounting at the level of transaction recording and introduce the concept of environmental debit and credit entry. This concept is illustrated through investment reporting. Identification of the research gap is based on the review of the initial population of 141 research papers and is supported with the European legal framework analysis. Logistic regression on the 500 largest European-based companies justifies the environmental footprint inclusion into the integrated journal entry. This study provides robust data concerning the limitations of the current financial reporting system. Our findings support the conclusion that the currently applied hybrid sustainable disclosure with synthetic ratios, indicators and unstructured narratives failed to provide a comprehensive and auditable picture of a company&rsquo, s environmental.
- Published
- 2021
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