Accounting and Auditing Studies

Accounting and Auditing Studies

Sustainability and Corporate Sustainability Reporting: Conventional and Islamic Perspectives

Document Type : Original Article

Authors
Seyed Ali Hosseini 1
Fatemeh Babaei 2
1 Associate Prof., Department of Accounting, Faculty of Social and Economic Sciences, Alzahra University, Tehran, Iran
2 Assistant Prof., Department of Accounting, Payame Noor University (PNU), Tehran, Iran
10.22034/iaas.2025.236382
Abstract
Almost all sectors, including companies involve in the sustainability issue. Companies play a critical role in sustainable development agenda and carry out sustainability reporting to ensure that their business is sustainable. Sustainability reporting is a tool that has a potential capacity to improve the transparency and reliability of information for investors and stakeholders. Although various disclosure standards and models have been provided for corporate sustainability reporting, corporate sustainability reporting are not at a desirable level. It could be seen from the fact that serious social problems, environmental destruction and other negative externalities of companies have not yet become major issues in the current world. Therefore, the drivers of future sustainability reporting should go beyond mandatory compliance with standards and guidelines so that the need for doing the right things should be the main goal of sustainability reporting. In Islamic financial markets the inclusion of Islamic teachings in sustainability reporting may cover the gap related to the adherence to sustainability practices and encourage Islamic companies to take more sustainable actions.Since the current concept of sustainability reporting is based on western philosophical views, it is not possible to fully respond to all stakeholders and God Almighty in this way. Therefore, it is argued that there is a need to rethink the mainstream of sustainability reporting so that the Islamic worldview of sustainability reporting can evolve. In this regard, the aim of the current research is to present concepts related to the mainstream and the Islamic perspective of sustainability and corporate sustainability reporting.
Keywords
Sustainability, Corporate Sustainability Reporting, Islamic Corporate Sustainability Reporting
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Accounting and Auditing Studies
Volume 14, Issue 55
Autumn 2025
Pages 65-84