A qualitative model of the firm’s sustainability reporting requirements in the Iranian capital market, inspired by the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) standards

Document Type : Original Article

Authors

• MOHSEN ZHALEHAZAD ZANJANI ¹
• Naghi fazeli ²
• Khosro Faghani Makrani ¹

¹ Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran

² Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran (Corresponding Author)

10.22067/ijaaf.2023.85882.1424

Abstract

The paper primarily aims to provide a qualitative model of the company's sustainability reporting (SR) requirements in the Iranian capital market, inspired by the GRI and SASB. The data related to the localization tool of the research variables were collected between the winter of 2022 and the spring of 2023. The research data analysis method is "content analysis" in the MAXQDA environment. One of the main findings of the research is that the qualitative model of SR in Iran's capital market includes the main variables such as management of the company's legal and regulatory environment in terms of leadership and governance requirements in SR; Health and safety of human capital requirements of SR; Stakeholders' performance Disclosure of the most crucial company performance criteria in the stakeholders' performance of the management's interpretive report; The flexibility of the business model based on costs in the economic requirements of the business model and innovation in SR; Customer welfare was presented based on the promotion of education and training in the social capital requirements of SR and the management of energy and fuel consumption in the environmental requirements of SR. The current research is innovative in various aspects. First, the recent research is considered innovative in terms of subject matter and efforts to examine the relationship between the financial and non-financial aspects of the sustainability of each type of this reporting thoroughly seem necessary. Also ,by presenting the SR model of companies, it takes the first step in providing professional sustainability reports in Iran.

Keywords

• Keywords: reporting
• sustainability reporting
• GRI reporting standard
• SASB reporting standard
• Capital Market

Main Subjects

• Accounting

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