ACCOUNTING FOR A GREEN ECONOMY: Sustainable Finance and the Harmonisation of Sustainability Reporting

Susanne Leitner-Hanetseder, Josef Baumüller

Research output: Chapter in Book/Report/Conference proceedingsChapterpeer-review

Abstract

The chapter outlines the role of sustainability accounting for the European and global ambitions towards reaching the goal of sustainable finance. We illustrate and compare the two major projects for standard-setting in that field, i.e. the European Financial Reporting Advisory Group's (EFRAG) upcoming European Sustainability Reporting Standards (ESRS) and the International Sustainability Standards Board (ISSB) International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. In addition, we consider the different institutional backgrounds and underlying understandings of sustainability (reporting) – and show the possible conflicts, intersections and the need for harmonisation in order to achieve a sustainability reporting environment for European companies that allows them to identify and make contributions towards the sustainable transformation of finance.
Original languageEnglish
Title of host publicationThe Routledge Handbook of Green Finance
EditorsOthmar Lehner , Theresia Harrer, Hanna Silvola, Olaf Weber
PublisherRoutledge, Taylor & Francis Group
Chapter2
Pages23-40
Number of pages18
ISBN (Electronic)9781000966169
ISBN (Print)9781032385297
DOIs
Publication statusPublished - 1 Jan 2023

Cite this