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Making the Performance Management System integrate the European Sustainability Reporting Standards (ESRSs)

Authors: Hristov I.; Mechelli A.; Coronella L.; Chirico A.;

Making the Performance Management System integrate the European Sustainability Reporting Standards (ESRSs)

Abstract

The research on potential ways to address sustainability at a corporate level has become a trendy topic in the last 20 years. To date, many organizations around the world reported their activities in terms of environmental, social, and governance performance on a voluntary basis. Starting from 2024, almost 50,000 companies will be subject to mandatory sustainability reporting in view of the recent introduction of the Corporate Sustainability Reporting Directive (CSRD). Accordingly, organizations need to start addressing sustainability at a strategic level, which is still missing. The novelty introduced by the CSRD can be seen as an opportunity to provide management accounting scholars with a way to design and implement a sustainability tool to support managers in addressing sustainability as well as making the organizations compliant with the ESRS. To this end, we developed a four-dimensional framework by reviewing the accounting literature on sustainability performance management and the disclosure requirements introduced by the CSRD. In this view, the sustainability performance management framework is designed to adequately support organizations in integrating sustainability value drivers at a strategic level and in making the organizations compliant to the CSRD.

Country
Italy
Keywords

ESRS; management accounting; sustainability; Performance Management System

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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