Sustainable Corporate Reporting in Developing Countries

Abstract

In my report, evaluate the sustainability reporting in Bangladesh textile companies. I have discussed elements of corporate sustainability reporting and detected sustainability reports of selected textile industries in Bangladesh. Financial reports are the most important sources of information for financial information users which is collect from non-financial institution of Bangladesh like Dhaka Stock Exchange (DSE). Every sector of people (Investors, lenders, and other creditors) use financial information in their decision making process. Therefore, governmental bodies of financial reporting have authorized disclosing of some financial reports (statement of financial position, statement of comprehensive income, and statement of changes in equity) for public interest. It is clear that financial information contributes better decisions making when it is supported by non-financial information. Non-financial reports inform stakeholders (e.g., investors, employees, customers, and non-governmental organizations) and the general public about the firm’s activities involving environmental, social, and governance (ESG) issues. In this study sustainability reports of thirty companies have been analyzed based on the Global Reporting Initiative (GRI) indicators. The GRI indicators have divided in to three parts. The results show that selected Companies’ sustainability reports fulfill requirements related to Part I: “Profile Disclosures” and Part II: “Disclosures on Management Approach”, which is mostly consistent with their reports’ application level. However, it is hard to say the same thing for Part III: “Performance Indicators”. In fact, to follow GRI indicators I get my total sustainability result in textile companies for calculate total number of sustainability index. In depends on total sustainability index I ranking the textile companies through the analyze.