Jul 2026· Ilmu Ekonomi Manajemen dan Akuntansi· 0 citations
Abstract
Developments in sustainability issues are prompting companies to integrate Environmental, Social, and Governance (ESG) aspects into their accounting and reporting practices as a means of enhancing transparency, accountability, and responsibility towards stakeholders. This study aims to analyse developments in ESG disclosure within corporate accounting and reporting practices using a Systematic Literature Review (SLR) approach. The study employs a qualitative method, examining academic articles sourced from the Google Scholar database. Literature selection was conducted in accordance with the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines, followed by content analysis and validation through source triangulation. Research findings indicate that ESG disclosure has driven a shift in accounting practices from a shareholder-centric to a stakeholder-centric approach, improved the quality of reporting through transparency, credibility and the relevance of information, and strengthened the confidence of investors and stakeholders. On the other hand, the implementation of ESG still faces challenges in the form of regulatory fragmentation, differences in reporting standards, limitations in human resource capabilities, and technological readiness. Therefore, regulatory harmonisation, the strengthening of ESG reporting standards, and the enhancement of human resource capacity and the utilisation of digital technology are required to support a more effective and sustainable implementation of ESG.
Over the past few years, the need for disclosing non-financial information has increased significantly, particularly regarding Environmental, Social, and Governance (ESG) aspects, as investors increasingly seek transparency in corporate practices beyond conventional financial reporting. This study aimed to analyze the relationship between ESG principles and corporate value, with an emphasis on how effective ESG implementation can enhance long-term value creation and sustainability. The research employed a Systematic Literature Review (SLR) approach, which involved identifying, evaluating, and synthesizing relevant evidence related to the research topic. A total of 30 selected articles were synthesized from an initial screening of 92 eligible articles based on predefined inclusion criteria. The findings, presented through a classification matrix, revealed that the impact of ESG disclosure on corporate value remained inconsistent across studies. These variations were influenced by regional contexts—for example, positive governance effects were more evident in Indonesia, varied across studies in Thailand, and remained significant in China even after the COVID-19 pandemic—as well as industry characteristics and external economic conditions, such as financial crises and macroeconomic uncertainty. Although the findings differed, the impact of ESG disclosure that was weak or insignificant in isolation was often strengthened when moderated by factors such as competitive advantage, governance mechanisms, and financing constraints. This study concluded that ESG disclosure alone was not sufficient to drive corporate value; instead, companies needed to integrate ESG practices with strategic advantages to achieve optimal outcomes. Future research is recommended to expand regional coverage and include broader industry sectors to generate more generalizable and comparable findings across different markets.Over the past few years, the need for disclosing non-financial information has increased significantly, particularly regarding Environmental, Social, and Governance (ESG) aspects, as investors increasingly seek transparency in corporate practices beyond conventional financial reporting. This study aimed to analyze the relationship between ESG principles and corporate value, with an emphasis on how effective ESG implementation can enhance long-term value creation and sustainability. The research employed a Systematic Literature Review (SLR) approach, which involved identifying, evaluating, and synthesizing relevant evidence related to the research topic. A total of 30 selected articles were synthesized from an initial screening of 92 eligible articles based on predefined inclusion criteria. The findings, presented through a classification matrix, revealed that the impact of ESG disclosure on corporate value remained inconsistent across studies. These variations were influenced by regional contexts—for example, positive governance effects were more evident in Indonesia, varied across studies in Thailand, and remained significant in China even after the COVID-19 pandemic—as well as industry characteristics and external economic conditions, such as financial crises and macroeconomic uncertainty. Although the findings differed, the impact of ESG disclosure that was weak or insignificant in isolation was often strengthened when moderated by factors such as competitive advantage, governance mechanisms, and financing constraints. This study concluded that ESG disclosure alone was not sufficient to drive corporate value; instead, companies needed to integrate ESG practices with strategic advantages to achieve optimal outcomes. Future research is recommended to expand regional coverage and include broader industry sectors to generate more generalizable and comparable findings across different markets.
Kevindra Adityananda Galih Prakasa, S. Hadi, Andik Wijayanto· Journal of social research· 0 citations
This study aims to examine the development and integration of Environmental, Social, and Governance (ESG) into financial statement analysis using a hybrid approach that combines bibliometric analysis and a Systematic Literature Review (SLR). The study analyzes Scopus-indexed journal articles published between 2015 and 2025 to map publication trends, dominant themes, the intellectual structure, and the evolving direction of ESG research. The findings reveal that ESG research has grown significantly and become increasingly integrated into mainstream accounting and finance literature. The major research themes include ESG reporting, non-financial disclosure, IFRS, assurance, risk management, and corporate value creation. The SLR findings indicate that ESG is no longer regarded as supplementary information but has evolved into an analytical dimension that enhances the assessment of corporate performance, risk, reporting quality, and sustainability. ESG integration is driven by regulatory pressure, reporting standardization, governance quality, information credibility, and the growing demand from stakeholders for transparent information. This study contributes conceptually by emphasizing the importance of an integrated financial statement analysis framework that combines financial and non-financial information to support higher-quality decision-making.
Gregorius Jeandry, Zainuddin Zainuddin, Amin Dara et al.· EKUITAS (Jurnal Ekonomi dan...· 0 citations
Environmental, social, and governance (ESG) disclosure is attracting the attention of standard setters, regulatory bodies, academics, and practitioners. This interest stems from the evolution of ESG disclosure standards—notably, the new sustainability standards developed by the International Sustainability Standards Board. While considering the opportunities that these new standards offer for future research, this study sheds light on the roles of the key corporate governance pillars involved in the ESG disclosure process, as documented in previous research. A content analysis of 181 articles published between 2009 and 2024 focuses on the roles of three main pillars in ESG disclosure: management, audit committees, and external auditors. Our analysis shows that the role of management stands out most, whereas research remains limited on the roles of the audit committee and external auditors. Our results highlight the roles of these corporate governance pillars in the ESG disclosure process and point to future research opportunities. Our study also notes a growing interest in ESG disclosure research and calls on practitioners and policymakers to strengthen corporate governance mechanisms, while encouraging the adoption of the new ESG disclosure standards.
In the fast-paced business environment of to say, Environmental, Social and Governance (ESG) integration has become a strategic necessity for institutional investors and companies alike. No longer just about ethics, ESG is now a key factor in addressing emerging risks like climate change, data privacy, and regulatory compliance. It increases organizational resilience, promotes sustainable development, and is an effective brand differentiator. Companies that actively disclose their ESG initiatives establish more robust trust, brand value and values alignment with socially responsible consumers. Sophisticated ESG analytics and high quality information have allowed investors and marketers to embrace systematic, evidence based strategies that support transparency and authenticity. Strong ESG governance, with cross-functional leadership and customized reporting, guarantees integrated coverage and control. In the end, ESG is not a choice – it is an essential prerequisite for creating future- proof, credible, and value-anchored brands.
Geethashree K, N. L. Savitha, M. R. et al.· International journal of com...· 0 citations
Social and Environmental Accounting and Reporting (SEAR) has become an important mechanism for promoting corporate transparency, accountability, and sustainable development by disclosing the environmental and social impacts of organizational activities. In Zambia, increasing stakeholder expectations, environmental concerns associated with extractive industries, and evolving international sustainability reporting standards have heightened the importance of SEAR. However, evidence on SEAR practices remains fragmented across sectors and disciplines. This study presents a scoping review to systematically map and synthesize the existing literature on Social and Environmental Accounting and Reporting practices in Zambia. Guided by the Arksey and O'Malley scoping review framework and reported in accordance with the PRISMA-ScR guidelines, the review examined peer-reviewed and grey literature published between 2000 and 2025. The review explored the nature and extent of SEAR practices, identified major themes and trends, examined the determinants of sustainability disclosure, and highlighted gaps requiring further research. The findings indicate that sustainability reporting in Zambia has expanded considerably, particularly among mining, financial services, manufacturing, and other large organizations, driven by stakeholder pressure, regulatory developments, international reporting frameworks, and the pursuit of organizational legitimacy. Nevertheless, reporting practices remain uneven, with significant challenges including limited technical capacity, weak regulatory enforcement, inconsistent reporting quality, high implementation costs, and low levels of awareness among many organizations. The review also highlights Zambia's ongoing transition toward internationally aligned sustainability reporting through the adoption of IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2), creating new opportunities to strengthen corporate accountability. The study contributes to the literature by providing the first comprehensive synthesis of SEAR practices in Zambia and offers evidence-based recommendations for policymakers, regulators, professional bodies, and practitioners to improve sustainability reporting frameworks, institutional capacity, and reporting quality. It also identifies priorities for future research on the quality, effectiveness, and impact of sustainability reporting in Zambia.
Temwani Zulu, Danny Kabwe· International journal of res...· 0 citations
Environmental, Social, and Governance (ESG) disclosure has become an increasingly important research area due to growing demands for corporate transparency, sustainable business practices, and responsible investment decisions. This study aims to examine the development, intellectual structure, and emerging research trends in ESG disclosure literature using a bibliometric analysis approach. Data were collected from the Scopus database by identifying relevant publications related to ESG disclosure, sustainability reporting, and corporate sustainability. The collected documents were analyzed using VOSviewer to perform keyword co-occurrence analysis, citation analysis, co-authorship analysis, institutional collaboration analysis, and country collaboration mapping. The findings reveal that ESG disclosure research has experienced substantial growth and is primarily focused on themes related to ESG practices, sustainability reporting, corporate social responsibility, financial performance, stakeholder theory, and corporate governance. Influential studies indicate that ESG disclosure plays an important role in enhancing corporate value, improving transparency, reducing information asymmetry, and strengthening stakeholder relationships. The thematic evolution analysis further demonstrates a transition from conventional sustainability reporting toward emerging research areas involving artificial intelligence, machine learning, carbon disclosure, ESG performance measurement, and sustainable investment. The collaboration analysis highlights the dominant contributions of countries such as China, the United States, the United Kingdom, India, and Italy, reflecting the global and interdisciplinary nature of ESG disclosure research. This study contributes to the existing literature by mapping the knowledge structure of ESG disclosure and identifying future research opportunities related to digital ESG assessment, regulatory harmonization, and sustainable corporate value creation.
L. Judijanto· Sustainable Development Insi...· 0 citations
