Presenting the sustainability reporting model: comparing the requirements of the stock exchange with the common sustainability reporting standards in the world

Document Type : Research Paper

Authors

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

2 Assistant Professor, Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran. Corresponding Author.

3 Associate Professor, Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran.

10.22051/jaasci.2024.45546.1812

Abstract

Purpose: The purpose of this research is to examine the requirements of the reports published in the Tehran stock exchange with the common sustainability reporting standards in the world to provide an optimal sustainability reporting model for the Iranian capital market.
Method: The statistical population was divided into three general groups of industry experts, public stakeholders, and academic experts for quantitative data analysis. The opinions of 15 experts were collected in the form of a structured interview between the winter of 2022 and the spring of 2023. The data analysis method of this research is a combination of statistical analysis methods in SPSS and multi-criteria decision-making in Expert Choice.
Findings: The option of listed companies in the field of food with 80% has a better position in the criteria of management and governance requirements in sustainability reporting and economic requirements of business model and innovation in sustainability reporting. The options of listed companies in the field of petrochemicals and listed drug companies with a value of 70% have a better position in the standard of environmental requirements of sustainability reporting.
Conclusion: listed companies in the field of food products were determined to be the most suitable option for optimal sustainability reporting in the stock market, while listed companies in the automotive field, listed companies in the petrochemical field, and listed companies in the pharmaceutical field, with a small difference, are ranked second to fourth, respectively. They got.
Knowledge enhancement: The current research is considered to be innovative in terms of subject matter. Considering the compilation of international standards and interpretive reports of the Tehran Stock Exchange in 2016, and the obligation of publishers to disclose the details of energy consumption approved on 22nd of Azar, 2021, it seems necessary to comprehensively examine the relationship between the financial and non-financial aspects of the sustainability of each type of this reporting

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Main Subjects

References

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History

  • Receive Date: 14 November 2023
  • Revise Date: 01 February 2024
  • Accept Date: 02 February 2024

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