Current deficiencies and paths for future improvement in corporate sustainability reporting

Current International Accountability Standards for sustainability reporting, such as The United Nations Global Compact and the Global Reporting Initiative are subject to criticism from both research and practice. Through interviews with key informants from audit firms and a systematic literature review, we identify major deficiencies in current corporate sustainability reporting practices. Based on these findings, we derive five propositions which address the need for future improvements. We conclude the article with an outlook on future paths for an improved sustainability reporting framework focusing on intra- and inter-organizational capabilities and best practices.