Zabihollah Rezaee

Sustainability Reporting’s Role in Managing Climate Change Risks and Opportunities

In the post-2007-2009 global financial crisis era, financial information no longer satisfies the needs and demands of a broad range of stakeholders. Global companies are facing growing pressure—internally and externally— to manage their impacts on global sustainability issues effectively and to disclose relevant information about their business sustainability (BS) practices. Internally, corporate management is seeking information related to both financial and nonfinancial key performance indicators (KPIs) for all five areas of multiple bottom line performance: economic, governance, social, ethics, and environmental (EGSEE). Externally, nongovernmental organizations (NGOs), community associations, customers, suppliers, and employees want more information about corporations’ long-term impacts on society and the environment.