Professor Carol Adams carol.adams@durham.ac.uk
Professor
Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting
Adams, C.A.; Abhayawansa, S.
Authors
S. Abhayawansa
Abstract
We critically examine the call for ‘harmonisation’ of sustainability reporting frameworks and standards that occurred alongside an increase in environmental, social and governance (ESG) investing during the COVID-19 pandemic. We identify three myths that have been promulgated in calls for ‘harmonisation’ that seek to: simplify sustainability reporting and ESG analysis and shift the control for standard-setting to an investor-oriented private sector body. We argue that the myths are based on deception, misunderstandings, and disregard for both academic research and the views of sustainability practitioners. They demonstrate a lack of regard for different users of corporate sustainability information, a lack of analysis of the alternatives, an overestimation of the International Financial Reporting Standards (IFRS) Foundation’s expertise and mischaracterisation of sustainable/ESG financing.
Citation
Adams, C., & Abhayawansa, S. (2022). Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting. Critical Perspectives On Accounting, 82, Article 102309. https://doi.org/10.1016/j.cpa.2021.102309
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 17, 2021 |
Online Publication Date | Mar 23, 2021 |
Publication Date | 2022-01 |
Deposit Date | Mar 18, 2021 |
Publicly Available Date | Sep 23, 2022 |
Journal | Critical Perspectives On Accounting |
Print ISSN | 1045-2354 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 82 |
Article Number | 102309 |
DOI | https://doi.org/10.1016/j.cpa.2021.102309 |
Public URL | https://durham-repository.worktribe.com/output/1245295 |
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Publisher Licence URL
http://creativecommons.org/licenses/by-nc-nd/4.0/
Copyright Statement
© 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
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