Systematic Literature Review on the Impact of Sustainability Reporting on the Value Relevance

Abstract

Sustainability reporting was developed in the 1970’s by adding social report to financial report. In the 1990’s, environmental occupational, health and safety issues were reported and triple bottom line concept were introduced in 1997. In this concept, corporate performance is valued and measured accross three main pillars of sustainability. As a result, corporation now report their financial performance and their social and environmental performance.  The purpose of this study is to conduct a systematic literature review on the impact of sustainability reporting on the value relevance.  This study selected articles using  Scopus database and run the systematic review which is eligibility and exclusion criteria, steps of the review process (identification, screening, eligibility) and data abstraction and analysis. This review confirms the sustainability reporting play an important role on value relevance of the accounting information.