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- Vol. 5 Issue 3
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Integrating ESG into Business Strategy: A Paradigm Shift from Traditional Accounting to Sustainability Accounting
Authors
1Assistant Professor, Department of Commerce, Government College Hansi, Hisar, Haryana, India. 2Assistant Professor, Department of Commerce, Government College Nalwa, Hisar, Haryana, India
Article Information
- Published In
- Volume 5, Issue 3 (2025)
- Published Online
- May-June 2025
- Pages
- 112-116
- Article Type
- Original Article
References
[1] Burritt, R. L., & Schaltegger, S. (2010). Sustainability accounting and reporting: Fad or trend? Accounting, Auditing & Accountability
Journal, 23(7), 829–846. https://doi.org/10.1108/09513571011080144
[2] Christensen, H. B., Hail, L., & Leuz, C. (2021). Mandatory ESG disclosure in the EU: A primer on the Corporate Sustainability
Reporting Directive (CSRD). SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3893780
[3] Eccles, R. G., & Krzus, M. P. (2018). The Nordic model: An analysis of leading practices in ESG disclosure. Nordic Journal of Business,
67(2), 4–22.
[4] Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than 2000 empirical
studies. Journal of Sustainable Finance & Investment, 5(4), 210–233. https://doi.org/10.1080/20430795.2015.1118917
[5] Global Reporting Initiative. (2023). GRI Standards. https://www.globalreporting.org
[6] Gray, R. (2010). Is accounting for sustainability actually accounting for sustainability… and how would we know? An exploration of
narratives of organisations and the planet. Accounting, Organizations and Society, 35(1), 47–62.
https://doi.org/10.1016/j.aos.2009.04.006
[7] International Federation of Accountants (IFAC). (2022). The role of accountants in ESG. https://www.ifac.org
[8] International Integrated Reporting Council (IIRC). (2021). International <IR> framework. https://www.integratedreporting.org
[9] IFRS Foundation. (2023). ISSB standards overview. https://www.ifrs.org
[10] Khan, M., Serafeim, G., & Yoon, A. (2016). Corporate sustainability: First evidence on materiality. The Accounting Review, 91(6),
1697–1724. https://doi.org/10.2308/accr-51383
[11] Kotsantonis, S., Pinney, C., & Serafeim, G. (2016). ESG integration in investment management: Myths and realities. Journal of Applied
Corporate Finance, 28(2), 10–16. https://doi.org/10.1111/jacf.12169
[12] KPMG. (2023). The time has come: The KPMG survey of sustainability reporting. https://home.kpmg
[13] Rezaee, Z. (2016). Business sustainability research: A theoretical and integrated perspective. Journal of Accounting Literature, 36, 48–
64. https://doi.org/10.1016/j.acclit.2016.05.003
[14] Sustainability Accounting Standards Board (SASB). (2022). SASB standards overview. https://www.sasb.org
[15] Task Force on Climate-related Financial Disclosures (TCFD). (2021). Final recommendations report. https://www.fsb-tcfd.org
Journal, 23(7), 829–846. https://doi.org/10.1108/09513571011080144
[2] Christensen, H. B., Hail, L., & Leuz, C. (2021). Mandatory ESG disclosure in the EU: A primer on the Corporate Sustainability
Reporting Directive (CSRD). SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3893780
[3] Eccles, R. G., & Krzus, M. P. (2018). The Nordic model: An analysis of leading practices in ESG disclosure. Nordic Journal of Business,
67(2), 4–22.
[4] Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than 2000 empirical
studies. Journal of Sustainable Finance & Investment, 5(4), 210–233. https://doi.org/10.1080/20430795.2015.1118917
[5] Global Reporting Initiative. (2023). GRI Standards. https://www.globalreporting.org
[6] Gray, R. (2010). Is accounting for sustainability actually accounting for sustainability… and how would we know? An exploration of
narratives of organisations and the planet. Accounting, Organizations and Society, 35(1), 47–62.
https://doi.org/10.1016/j.aos.2009.04.006
[7] International Federation of Accountants (IFAC). (2022). The role of accountants in ESG. https://www.ifac.org
[8] International Integrated Reporting Council (IIRC). (2021). International <IR> framework. https://www.integratedreporting.org
[9] IFRS Foundation. (2023). ISSB standards overview. https://www.ifrs.org
[10] Khan, M., Serafeim, G., & Yoon, A. (2016). Corporate sustainability: First evidence on materiality. The Accounting Review, 91(6),
1697–1724. https://doi.org/10.2308/accr-51383
[11] Kotsantonis, S., Pinney, C., & Serafeim, G. (2016). ESG integration in investment management: Myths and realities. Journal of Applied
Corporate Finance, 28(2), 10–16. https://doi.org/10.1111/jacf.12169
[12] KPMG. (2023). The time has come: The KPMG survey of sustainability reporting. https://home.kpmg
[13] Rezaee, Z. (2016). Business sustainability research: A theoretical and integrated perspective. Journal of Accounting Literature, 36, 48–
64. https://doi.org/10.1016/j.acclit.2016.05.003
[14] Sustainability Accounting Standards Board (SASB). (2022). SASB standards overview. https://www.sasb.org
[15] Task Force on Climate-related Financial Disclosures (TCFD). (2021). Final recommendations report. https://www.fsb-tcfd.org
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