The Developing Country Perspective on Corporate Sustainability Reporting - Main Actors’ Views on the Current State of Affairs in Pakistan

• Main Author: Mahmood, Zeeshan
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/23053/1/2nd%20IRC%202017%2036.pdf; http://repo.uum.edu.my/23053/
• Institution: Universiti Utara Malaysia

Purpose–The purpose of this paper is to explore main actors’ views on the current state of sustainability reporting in a developing country context.Design/methodology/approach– For this study, we interviewed 20 individuals and organizations from Pakistan who were identified as main actors involved in the practice of sustainability reporting.Following a semi-structured interview protocol, main actors were asked to share their views on the drivers and barriers of sustainability reporting, sufficiency and suitability of sustainability related regulation and standards, perceived benefits of sustainability reporting, level of stakeholder engagement and transparency.Interviews were then analyzed to compare and contrast the viewpoints of different stakeholder groups on various issues. Findings– This paper concludes that, like other developing countries, the practice of sustainability reporting is largely driven by the external forces. Foreign buyers, international professional associations and standard setting organizations are playing a pivotal role in the emergence and development of sustainability reporting.Sustainability reporting awards also played an important role as they provide the normative basis and intangible benefits for reporting. Despite of these external forces driving the emergence and development of SR in Pakistan, the structural and cultural conditions that exist in the societal context of Pakistan significantly impact the disclosure practices and organizational rationales for SR. In particular, weak government structures, lack of awareness and interest in sustainability matters, lack of regulation, lack of enforcement capabilities, lack of political will has been identified as the main barriers of SR. Originality/value– The paper explores the perceptions of both managerial and non-managerial stakeholders regarding current state of sustainability reporting in Pakistan.