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Achieving Sustainability through Environmental Social Governance Reporting: Overcoming the Challenges

C. O. Mgbame et al.

Advances in Environmental Accounting and Management2020https://doi.org/10.1108/s1479-359820200000009002book-chapter
AJG 1ABDC B
Weight
0.66

Abstract

The study analyses the effectiveness of the environmental, social and governance (ESG) framework in fostering sustainability. The study utilises a library research by surveying prior literature on issues related to the subject matter. Differing philosophical schools of thoughts of proponents and opponents of the current state of ESG reporting were analysed vis-à-vis their pros and cons, and the resulting outcome of the discourse utilised to set forth a position for engendering sustainable development. The study proposes the development of a holistic integrated framework that incorporates quantitative ESG disclosures with financial reporting, achieved through the monetisation of the ESG indices. The study outlines that despite the perceived herculean nature of the quantification of ESG indices, along with its incorporation into the financial reporting framework, the feat is nevertheless achievable. The integration might, however, be required to occur within phases, as well as a committed participation from the requisite stakeholders. Despite the seemingly precarious nature of the monetisation of the ESG indices, in our opinion, it remains the best bet yet for the promotion of true sustainability of not just the firm, but of the entire planet.

15 citations

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https://doi.org/https://doi.org/10.1108/s1479-359820200000009002

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@article{c.2020,
  title        = {{Achieving Sustainability through Environmental Social Governance Reporting: Overcoming the Challenges}},
  author       = {C. O. Mgbame et al.},
  journal      = {Advances in Environmental Accounting and Management},
  year         = {2020},
  doi          = {https://doi.org/https://doi.org/10.1108/s1479-359820200000009002},
}

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Achieving Sustainability through Environmental Social Governance Reporting: Overcoming the Challenges

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Evidence weight

0.66

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.80 × 0.4 = 0.32
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.