Sustainability and Corporate Reporting: Historical and Conceptual Approach

Abstract

Today, companies are trying to improve their sustainability performance by taking into account the economic, environmental and social impacts they create, instead of focusing only on their financial success. Investors are also increasingly focusing on companies' sustainability strategies and performance. This article conceptually discusses the concept of sustainability in terms of its historical development, principles, sustainability-related articles and reporting practices. The study is expected to contribute to the literature and guide companies to achieve their sustainability goals. The article examines the economic, social and environmental dimensions of sustainability in detail and emphasizes that these three dimensions should be addressed simultaneously. While the economic dimension aims to increase human welfare; The social dimension focuses on equality and social justice. The environmental dimension focuses on the protection of natural resources and the sustainability of ecosystems. OECD's definition of sustainability and current practices regarding sustainable development indices are also included in the article. Sustainability reporting is handled within the framework of international standards and guidelines such as GRI G4 standards and the UN Global Compact. Finally, the article emphasizes the importance of sustainability performance for companies and investors, emphasizing the role of sustainability reporting in providing transparency and reliability. In this context, the effects of sustainability activities on long-term value creation and risk management are discussed.