Growing Relevance of ‘Materiality’ in Sustainability Reporting
‘Sustainability’ and ‘Sustainability Reporting’ (SR) have become buzz words in today’s corporate world. ‘Materiality’ has become an emerging topic in the area of sustainability disclosures. ‘Materiality’ means ‘priority’ (Deloitte, 2018). The concept of materiality has strong roots in financial repo...
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| Format: | Article |
| Language: | English |
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Srusti Academy of Management
2019-06-01
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| Series: | Srusti Management Review |
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| Online Access: | http://www.srustimanagementreview.ac.in/paperfile/1316643687_Growing%20Relevance%20of%20Materiality.pdf |
| _version_ | 1818738490844643328 |
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| author | Pardhasaradhi Madasu |
| author_facet | Pardhasaradhi Madasu |
| author_sort | Pardhasaradhi Madasu |
| collection | DOAJ |
| description | ‘Sustainability’ and ‘Sustainability Reporting’ (SR) have become buzz words in today’s corporate world. ‘Materiality’ has become an emerging topic in the area of sustainability disclosures. ‘Materiality’ means ‘priority’ (Deloitte, 2018). The concept of materiality has strong roots in financial reporting and plays an important role in disclosures. In order to help managers, auditors, and investors determine what information to disclose, verify, or use, the SEC, the accounting profession,
and the courts have provided guidelines on what data should be considered “material.” (Hauser Center for Nonprofit Organizations, 2012). The question that is addressed: ‘What material topics
are identified by different stakeholder groups? Is it a critical one, both for reporters and report users (GRI, 2015)? The present paper is aimed at highlighting the role and importance of materiality in the context of SR. The paper is exploratory and descriptive in nature. SRs of Indian companies which are part of Dow Jones Sustainability Index (DJSI) have been reviewed to highlight the
materiality assessment process adopted with respect to SRs. |
| first_indexed | 2024-12-18T01:09:46Z |
| format | Article |
| id | doaj.art-f9b65ec8d0264baab81b2e7147dd6e30 |
| institution | Directory Open Access Journal |
| issn | 0974-4274 2582-1148 |
| language | English |
| last_indexed | 2024-12-18T01:09:46Z |
| publishDate | 2019-06-01 |
| publisher | Srusti Academy of Management |
| record_format | Article |
| series | Srusti Management Review |
| spelling | doaj.art-f9b65ec8d0264baab81b2e7147dd6e302022-12-21T21:26:08ZengSrusti Academy of ManagementSrusti Management Review0974-42742582-11482019-06-01XIII1423Growing Relevance of ‘Materiality’ in Sustainability ReportingPardhasaradhi Madasu0Associate Professor (Finance Area) Siva Sivani Institute of Management Kompally, Hyderabad, Telangana, Email: mpardhasaradhi@ssim.ac.in‘Sustainability’ and ‘Sustainability Reporting’ (SR) have become buzz words in today’s corporate world. ‘Materiality’ has become an emerging topic in the area of sustainability disclosures. ‘Materiality’ means ‘priority’ (Deloitte, 2018). The concept of materiality has strong roots in financial reporting and plays an important role in disclosures. In order to help managers, auditors, and investors determine what information to disclose, verify, or use, the SEC, the accounting profession, and the courts have provided guidelines on what data should be considered “material.” (Hauser Center for Nonprofit Organizations, 2012). The question that is addressed: ‘What material topics are identified by different stakeholder groups? Is it a critical one, both for reporters and report users (GRI, 2015)? The present paper is aimed at highlighting the role and importance of materiality in the context of SR. The paper is exploratory and descriptive in nature. SRs of Indian companies which are part of Dow Jones Sustainability Index (DJSI) have been reviewed to highlight the materiality assessment process adopted with respect to SRs.http://www.srustimanagementreview.ac.in/paperfile/1316643687_Growing%20Relevance%20of%20Materiality.pdfgrimaterialitysustainability reporting (sr)and djsi |
| spellingShingle | Pardhasaradhi Madasu Growing Relevance of ‘Materiality’ in Sustainability Reporting Srusti Management Review gri materiality sustainability reporting (sr) and djsi |
| title | Growing Relevance of ‘Materiality’ in Sustainability Reporting |
| title_full | Growing Relevance of ‘Materiality’ in Sustainability Reporting |
| title_fullStr | Growing Relevance of ‘Materiality’ in Sustainability Reporting |
| title_full_unstemmed | Growing Relevance of ‘Materiality’ in Sustainability Reporting |
| title_short | Growing Relevance of ‘Materiality’ in Sustainability Reporting |
| title_sort | growing relevance of materiality in sustainability reporting |
| topic | gri materiality sustainability reporting (sr) and djsi |
| url | http://www.srustimanagementreview.ac.in/paperfile/1316643687_Growing%20Relevance%20of%20Materiality.pdf |
| work_keys_str_mv | AT pardhasaradhimadasu growingrelevanceofmaterialityinsustainabilityreporting |