Sustainability reports face legitimacy issues among stakeholders and shareholders.
Corporate sustainability reporting has been a hot topic in accounting research. Many studies have raised concerns about the credibility and purpose of these reports. Researchers have looked at how to improve the quality of sustainability reports, how they impact decision-making and company strategies, and why stakeholders may doubt their quality. By analyzing 13 top accounting journals from 2005 to 2015, it was found that there are ongoing questions about the legitimacy and effectiveness of corporate sustainability reporting.