COVID-19 and sustainability reporting: what are the roles of reporting frameworks in a crisis?

Abstract

Purpose

This paper aims to commentate on the roles of sustainability reporting during the COVID-19 pandemic. It evaluates the Global Reporting Initiative’s (GRI) framework, designed as a guide for best-practice in sustainability reporting, for its applicability to cover COVID-19 issues and, more generally, issues arising in crisis conditions.

Design/methodology/approach

The GRI’s COVID-19 communications and the GRI framework are reviewed using three common theories of reporting, namely, institutional, stakeholder and legitimacy theory. For each theory, the authors contrast expectations under business-as-usual conditions against crisis conditions to identify gaps and avenues to guide COVID-19 responses.

Findings

This commentary opines the GRI framework risks perpetuating incremental change towards the “new normal”, rather than motivating the urgent responses needed in a crisis. The GRI can play a significant normative role to guide immediate and short-term best practice in COVID-19 reporting. Findings motivate the need to report for vulnerable rather than powerful stakeholders and to recognise and celebrate proactive change.

Originality/value

This paper commentates on the suitability of a major sustainability reporting framework and its role in improving responses to the current COVID-19 crisis. Findings propose challenges to the GRI and GRI framework to motivate urgent responses and communication for the pandemic.

Citation

Zharfpeykan, R. and Ng, F. (2021), "COVID-19 and sustainability reporting: what are the roles of reporting frameworks in a crisis?", Pacific Accounting Review, Vol. 33 No. 2, pp. 189-198. https://doi.org/10.1108/PAR-09-2020-0169