Mgbame, C.O., Aderin, Adeyemi, Ohalehi, Paschal and Mgbame, A.M. (2020) Achieving sustainability through environmental social governance reporting: overcoming the challenges. Advances in Environmental Accounting and Management (Environmentalism and NGO Accountability), 9. pp. 9-25. ISSN 1479-3598 (doi:https://doi.org/10.1108/S1479-359820200000009002)

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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.

Item Type:	Article
Additional Information:	Mgbame, C.O., Aderin, A., Ohalehi, P. and Chijoke-Mgbame, A.M. (2020), "Achieving Sustainability through Environmental Social Governance Reporting: Overcoming the Challenges", Yekini, K.C., Yekini, L.S. and Ohalehi, P. (Ed.) Environmentalism and NGO Accountability (Advances in Environmental Accounting & Management, Vol. 9), Emerald Publishing Limited, Leeds, pp. 9-25. https://doi.org/10.1108/S1479-359820200000009002.
Uncontrolled Keywords:	environmental; social; governance; sustainability; reporting; NGO
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Faculty / School / Research Centre / Research Group:	Faculty of Business
Last Modified:	10 May 2024 13:25
URI:	http://gala.gre.ac.uk/id/eprint/47056

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