The future of non-financial businesses reporting: learning from the Covid-19 pandemic

Hassan, Abeer, Elamer, Ahmed A., Lodh, Suman ORCID logoORCID:, Roberts, Lee and Nandy, Monomita (2021) The future of non-financial businesses reporting: learning from the Covid-19 pandemic. Corporate Social Responsibility and Environmental Management, 28 (4) . pp. 1231-1240. ISSN 1535-3958 [Article] (doi:10.1002/csr.2145)

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In this paper we conceptually identify the gap in the literature about lack of business’s awareness in non -financial activities, especially biodiversity, which can be responsible for crisis like Covid-19 which can adversely affect the global economy. We recommend approaches to existing business about how to enhance the quality of reporting by considering non-human element in reporting and making it more comprehensive for the stakeholders. We adopt Actor Network Theory (ANT) and the Natural Inventory Model to support our argument that nature consists of both human and non-human. From our observation about the Covid-19 crisis and by consulting the existing relevant literature on CSR, Covid-19, non-financial reporting and integrated reports (IR), we propose the implication of non-financial reporting by companies based on a theoretical framework. We recommend that companies should implement/adopt Circular Economy concept for sustainable business model and report on biodiversity and extinction accounting in more structured and mandatory way via producing IR to create value on short, medium and long terms. This is the first paper to tackle the Covid-19 crisis and offer solution for future reporting. The findings will add value in the academia and society.

Item Type: Article
Keywords (uncontrolled): Strategy and management, development, management, monitoring, policy and law, biodiversity, business reporting, circular economy, integrated reporting, Covid‐19 crisis, non‐financial reporting, stakeholder engagement, sustainable development
Research Areas: A. > Business School > Accounting and Finance
Item ID: 32958
Notes on copyright: Published Version: © 2021 The Authors. Corporate Social Responsibility and Environmental Management published by ERP Environment and John Wiley & Sons Ltd.
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
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Depositing User: Suman Lodh
Date Deposited: 21 Apr 2021 08:47
Last Modified: 16 Jun 2023 06:28

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