Does the global reporting initiative influence sustainability disclosures in Asia-Pacific banks?

Muhammad Azizul Islam, Ameeta Jain, Dianne Thomson

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This article examines sustainability disclosures by the major banks in the Asia-Pacific region (the six largest banks from each of four countries: Australia, Japan, China and India) during the period 2005–2012. The findings show sustainability disclosures by banks that participate in the global reporting initiative (GRI) are significantly higher than disclosures by those banks that have not participated in the GRI. Amongst those banks that have participated in the GRI there is a higher rate of disclosure by externally assured banks than by non-externally assured banks. Among the GRI participating banks, there was significant variation of disclosures between countries. Disclosures by Australian banks appeared to be significantly higher than disclosures by banks in any other countries under observation. The findings are discussed from a moral legitimacy perspective. Consistent with this view, the banks under study were responsive to the GRI, which is seen as an influential actor that shapes and reflects the expectations of the broader community. However, the role of the GRI in minimising country differences in disclosure by banks is not significant.
Original languageEnglish
Pages (from-to)298-313
Number of pages16
JournalAustralasian Journal of Environmental Management
Volume23
Issue number3
DOIs
Publication statusPublished - 5 May 2016

Keywords

  • Asia-Pacific
  • GRI
  • banks
  • disclosure
  • moral legitimacy theory
  • sustainability

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