Current State of Sustainability Reporting: A Case of Public Universities in Western Kenya
##plugins.themes.bootstrap3.article.sidebar##
PDF
Published
Apr 13, 2020
DOI
Abstract viewed = 67 times
PDF downloaded = 34 times
Issue
Section
Articles
##plugins.themes.bootstrap3.article.main##
Corporate sustainability reporting, also known as Triple-bottom-line reporting, involves reporting nonfinancial and financial information to a broader set of stakeholders than just shareholders and seek to fortify an organization’s ability to manage key risks. The current case is that, the quality, rigor, and utility of sustainability reporting remains contentious with concerns about the suitability of the criteria or standards used to prepare the reports. Despite the rapid increase in the number of companies around the world adopting Global Reporting Initiative standards, little is known about the extent of practice of corporate sustainability reporting in public universities in Kenya. The study selected five universities that had their 2017-18 audited financial reports available online for the readers, which served as the main source of secondary data. The guidelines on corporate sustainability reporting was derived from literature review, which provided key indicators upon which the data from each university was evaluated. It was observed that almost all the institutions recognize the critical role of both internal and external independent audit of financial statements. In conclusion, financial reporting sustainability is guided by strict compliance to the factors of sustainability.
Keywords: Corporate sustainability reporting, Environmental accounting and reporting, Public universities, Sustainability reporting, CSR
References
Durden, C., (2008), “Towards a socially responsible management control system”, Accounting, Auditing & Accountability Journal, Vol. 21 Iss 5 pp. 671 – 694. Accessed on 11th July, 209 from: https://www.researchgate.net/publication/227428871_Towards_a_Socially_Responsible_Management_Control_System
Global Reporting Initiative, (2013), 2013 Global Conference on Sustainability and Reporting. Accessed on 11july, 2019 from: https://www.globalreporting.org/resourcelibrary/2013-GRI-Global-Conference-in-Review.pdf
KPMG, (2002), KPMG International Survey of Corporate Sustainability Reporting 2002. Accessed on 11th July, 2019 from: https://www.researchgate.net/publication/254746739_KPMG_International_Survey_of_Corporate_Sustainability_Reporting_2002
Vann, J. W., & White, G. B., (2014), journal of Business & Economics Research – December 2004 Volume 2, Number 12, 17-30
Tilt, C. A., (2009) Corporate Responsibility, Accounting and Accountants Chapter Corporate Responsibility, Accounting and Accountants Carol A. Tilt, S.O. Idowu, W.L. Filho (eds.), Professionals’ Perspectives of Corporate Social 11 Responsibility, Springer-Verlag Berlin Heidelberg 2009. DOI 10.1007/978-3-642-02630-0_2, C
Eccles, R. G., Herz, R. H., Keegan, E. M., and David M.H. Phillips, D. M. H., (2001). The Value Reporting Revolution: Moving Beyond the Earnings Game:, Wiley, New York, 2001, xvii +349 pp., February 2002, The International Journal of Accounting 37(1):145-148. DOI: 10.1016/S0020-7063(02)00130-9
Satinder Singh and Ashwarya Sharma (2015) “Corporate Social Responsibility practices in India: Analysis of public companies” International journal of business quantitative economics and applied management research, Volume 1, issue 11, April 2015 Pg.no 33-44.
United Nations World Commission on Environment and Development, (2000), Our Common Future: Report of the World Commission on Environment and Development, http://bit.ly/2JJbvuN
Gray, R., Javad, David, M., Power, M., and Donald, C., (1996). Sinclair Social and Environmental Disclosure and Corporate Characteristics: A Research Note and Extension.
Deegan, C., 2000, Financial Accounting Theory, McGraw Hill Book Company, Sydney.
Dowling, J. and Pfeffer, J. (1975) Organizational Legitimacy: Social Values and Organizational Behavior. Pacific Sociological Review, 18, 122-136. https://doi.org/10.2307/1388226
Adams, CA & Whelan, G 2009, ‘Conceptualising future change in corporate sustainability reporting’, Accounting, Auditing and Accountability Journal, vol. 22, no. 1, pp. 118 – 143.
Radin, A. J., (2016)., “What Is Sustainability Reporting?” http://bit.ly/1pBsVLq
Pandit, G. M., (2016), The Current State of Sustainability Reporting by Smaller S&P 500 Companies What Do Businesses Choose to Disclose? CMA June 2016 Issue.
Van Der Ploeg, L., & Vanclay, F. (2013). Credible Claim or Corporate Spin? A Checklist to Evaluate Corporate Sustainability Reports. Journal of Environmental Assessment Policy and Management, 15(3), 1-21. https://doi.org/10.1142/S1464333213500129
Downloads
Download data is not yet available.
##plugins.themes.bootstrap3.article.details##
How to Cite
Ojera, P., & Odoyo, C. (2020). Current State of Sustainability Reporting: A Case of Public Universities in Western Kenya. European Journal of Business and Management Research, 5(2). https://doi.org/10.24018/ejbmr.2020.5.2.295
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The names and email addresses entered in this journal site will be used exclusively for the stated purposes of this journal and will not be made available for any other purpose or to any other party.
Submission of the manuscript represents that the manuscript has not been published previously and is not considered for publication elsewhere.
