Concept of Education for Corporate Sustainability Disclosures – An Emerging Need

Authors

DOI:

https://doi.org/10.31305/rrijm.2022.v07.i12.006

Keywords:

Education for Sustainable Development (ESD), Corporate Sustainability Disclosures (CSD), Education for CSD (ECSD), Higher Educational Institutions (HEIs), Descriptive Analysis

Abstract

Purpose: The purpose of this paper is to broaden the concept of Education for Corporate Sustainability Disclosures and describe its meaning and significance in the present-day Higher Education. The paper studies the literatures published by the researchers in the related areas and arrives at the conceptualisation of a new sub area for future research. It is an emerging need for the future management and accounting professionals, to imbibe the corporate sustainability disclosure aspects as Sustainability Disclosures by Corporates are being mandated in several nations across the globe. Methodology: This paper studies the existing literature to propose a new concept submerging the concept of Education for Sustainable Development (ESD) And Corporate Sustainability Disclosures (CSD). Using the Keyword and Boolean search method in Google Scholar the related articles published in various journals is considered for the study. Findings: Education for CSD is becoming the need of the hour, as it is being highlighted in past several research. ‘Corporate Sustainability Disclosures’ is broader in scope and dimension as compared Sustainability accounting and hence can be adapted to a wider stream of courses rather than professional accounting alone. Originality/ Value: This paper tries to throw light on the Education for Corporate Sustainability Disclosures by the Higher Educational Institutions, with special focus to the Management, Commerce and Accounting streams of study.

Author Biographies

Priyanka Nayak, Full Time Research Scholar, Institute of Management and Commerce, Srinivas University, Mangalore – 575001, India

Mrs. Priyanka Nayak, is a Full-Time research scholar in Srinivas University, Mangalore. She has completed her Graduation and Post-Graduation in commerce, with 4 gold medals from the Karnataka University Dharwad. She has cleared UGC -NET in the 2014 and 2019. She holds certifications in business sustainability course. With more than 4 years of teaching experience, she has been actively researching in the areas of Corporate Sustainability Disclosures and Education for Corporate Sustainability Disclosures. She has participated and presented papers and published several research articles in various journals.

Dr. Narayan Kayarkatte, Research Professor, Srinivas University Mangalore – 575001, India

Dr. Narayan Kayarkatte, is an Academician and Management Consultant from Mangalore. He retired recently as Director, MSNM Besant Institute of PG Management Studies Mangalore, where he served for nine years as Head of the Institute. Prior to that he had worked as Principal and Campus Head, ICFAI, for their regular MBA programs from 2004 to 2010. Presently he is the Academic advisor to the Trisha Group of Institutions. He also guides scholars for PhD in Management. Presently six researchers are working under his supervision. Dr Narayan is an MBA and Law graduate and has done his PhD in Management from the prestigious National Institute of Technology Suratkal. He was a rank holder in his SSLC and a Govt. of India merit scholar during his studies. Dr. Narayan Kayarkatte held senior positions such as Dy. Div. Manager, Chief Manager, Principal/ Faculty of Staff Training College, and Dy Chief Personnel Manager. He has handled sessions as Guest Faculty in NABARD, BIRD Corp Bank, Karnataka Bank. He was nominated by Govt. of India as Honorary Resource person for Financial Education Programs of SEBI, BSE and NSE.  He has authored a book on Modern Banking. He has also conducted many careers development workshops for students at different levels.

References

Nayak, P., & Kayarkatte, N. (2020). Sustainability Reporting in India – A Study of Infosys Sustainability Reports. International Journal of Management, Technology, and Social Sciences (IJMTS), 5(2), 336-346. DOI: http://doi.org/10.5281/zenodo.4320241

Nayak, P., & Kayarkatte, N. (2021). Recognising Sustainability through the Corporate Reports a Review of Development of Disclosures in India. International Journal of Advanced Research, 9(07), 416–429. https://doi.org/10.21474/ijar01/13141

Raufflet, E. (2013). Integrating sustainability in management education. Humanities, 2(4), 439-448.

Lozano, R., Lukman, R., Lozano, F. J., Huisingh, D., & Lambrechts, W. (2013). Declarations for sustainability in higher education: becoming better leaders, through addressing the university system. Journal of Cleaner Production, 48, 10-19.

Barth, M. (2014). Implementing sustainability in higher education: Learning in an age of transformation. Routledge.

Gray, R. (2006). Social, environmental and sustainability reporting and organisational value creation? Whose value? Whose creation? Accounting, Auditing & Accountability Journal.

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.

Mathews, M. R. (1997). Twenty‐five years of social and environmental accounting research: is there a silver jubilee to celebrate? Accounting, Auditing & Accountability Journal.

Bebbington, J., & Gray, R. (2001). An account of sustainability: failure, success and a reconceptualization. Critical perspectives on accounting, 12(5), 557-587.

Deegan, C. (2002). Introduction: The legitimising effect of social and environmental disclosures–a theoretical foundation. Accounting, auditing & accountability journal.

Lamberton, G. (2005). Sustainability accounting - A brief history and conceptual framework. Accounting Forum, 29(1), 7–26. https://doi.org/10.1016/j.accfor.2004.11.001

Hopwood, A. G. (1990). Accounting and organisation change. Accounting, Auditing & Accountability Journal, 3(1), 0-0.

Thomas, C. D., Cameron, A., Green, R. E., Bakkenes, M., Beaumont, L. J., Collingham, Y. C., ... & Williams, S. E. (2004). Extinction risk from climate change. Nature, 427(6970), 145-148.

Segovia, V. M., & Galang, A. P. (2002). Sustainable development in higher education in the Philippines: The case of Miriam College. Higher Education Policy, 15(2), 187-195.

Bellringer, A., Ball, A., & Craig, R. (2011). Reasons for sustainability reporting by New Zealand local governments. Sustainability Accounting, Management and Policy Journal.

Gray, R., Collison, D., French, J., McPhail, K., & Stevenson, L. (2001). The professional accountancy bodies and the provision of education and training in relation to environmental issues. Institute of Chartered Accountants of Scotland.

Huggins, A., Green, W. J., & Simnett, R. (2011). The competitive market for assurance engagements on greenhouse gas statements: Is there a role for assurers from the accounting profession? Current Issues in Auditing, 5(2), A1-A12.

Tilt, C. A. (2009). Corporate responsibility, accounting and accountants. In Professionals' perspectives of corporate social responsibility (pp. 11-32). Springer, Berlin, Heidelberg.

Hallinger, P., & Chatpinyakoop, C. (2019). A bibliometric review of research on higher education for sustainable development, 1998–2018. Sustainability, 11(8), 2401.

Velazquez, L., Munguia, N., & Sanchez, M. (2005). Deterring sustainability in higher education institutions: An appraisal of the factors which influence sustainability in higher education institutions. International Journal of Sustainability in Higher Education.

Bentham, H. (2013). Clearing the Path That Has Been Laid: A Conceptualisation of Education for Sustainable Development. Journal of Teacher education for Sustainability, 15(2), 25-41.

Bahari, A., Luthan, E., Azmi, W., & Anshar, A. L. (2021, February). Cooperative Model Type STAD and Its Effect on Student Learning Outcomes at Sustainability Accounting Courses. In The 3rd International Conference on Educational Development and Quality Assurance (ICED-QA 2020) (pp. 155-162). Atlantis Press.

Spicer, A., Barthelmeh, M. R., Montgomery, R. L., & Spellerberg, I. F. (2011). Education for Sustainability at Lincoln University, New Zealand.

Collins, E., Lawrence, S., Roper, H. and Haar, J. (2011), Sustainability and the Role of the Management Accountant, Research Executive Summary Series, Vol. 7 No. 14, Chartered Institute of Management Accountants, available at: www.cimaglobal.com/

Stead, J. G., & Stead, W. E. (2010). Sustainability comes to management education and research: A story of coevolution. Academy of Management Learning & Education, 9(3), 488-498.

Arevalo, J. A., & Mitchell, S. F. (Eds.). (2017). Handbook of sustainability in management education: In search of a multidisciplinary, innovative, and integrated approach. Edward Elgar Publishing.

Gitsham, M., & Clark, T. S. (2014). Market demand for sustainability in management education. International Journal of Sustainability in Higher Education.

Mburayi, L., & Wall, T. (2018). Sustainability in the professional accounting and finance curriculum: an exploration. Higher Education, Skills and Work-Based Learning.

Bebbington, J., Higgins, C., & Frame, B. (2009). Initiating sustainable development reporting: Evidence from New Zealand. Accounting, Auditing & Accountability Journal.

Figueiró, P. S., & Raufflet, E. (2015). Sustainability in higher education: a systematic review with focus on management education. Journal of cleaner production, 106, 22- 33.

Khan, T. (2013). Sustainability accounting courses, Talloires Declaration and academic research. International Journal of Sustainability in Higher Education.

Ebaid, I. E. S. (2021). Ethics and accounting education: does teaching stand-alone religious courses affect accounting students’ ethical decisions? Society and Business Review.

Martin, A., & Steele, F. (2010). Sustainability in key professions: Accounting. A report prepared by the Australian Research Institute in Education for Sustainability for the Australian Government Department of the Environment, Water, Heritage, and the Arts.

Starik, M., Rands, G., Marcus, A. A., & Clark, T. S. (2010). From the guest editors: In search of sustainability in management education. Academy of Management Learning & Education, 9(3), 377-383.

Botes, V., Low, M., & Chapman, J. (2014). Is accounting education sufficiently sustainable? Sustainability Accounting, Management and Policy Journal.

Larrán, M., Andrades, J., & Herrera, J. (2018). An examination of attitudes and perceptions of Spanish business and accounting students toward corporate social responsibility and sustainability themes, Spanish Accounting Review, 21(2), 196-205.

Gray, R., Collison, D., French, J., McPhail, K., & Stevenson, L. (2001). The professional accountancy bodies and the provision of education and training in relation to environmental issues. Institute of Chartered Accountants of Scotland.

Hazelton, J., & Haigh, M. (2010). Incorporating sustainability into accounting curricula: Lessons learnt from an action research study. Accounting Education: an international journal, 19(1-2), 159-178.

Dyball, M. C., & Thomson, I. (2013). Sustainability and accounting education. Accounting Education, 22(4), 303-307.

Contrafatto, M., Costa, E., & Pesci, C. (2019). Examining the dynamics of SER evolution: an institutional understanding. Accounting, Auditing & Accountability Journal.

O'Dwyer, B., & Unerman, J. (2007). From functional to social accountability: Transforming the accountability relationship between funders and non‐governmental development organisations. Accounting, Auditing & Accountability Journal.

Callan, S. J., & Thomas, J. M. (2013). Environmental economics and management: Theory, policy, and applications. Cengage learning.

Bouma, J. J., & Kamp-Roelands, N. (2000). Stakeholders’ expectations of an environmental management system: some exploratory research. European Accounting Review, 9(1), 131-144.

Owens, T. (2012). Hitting the nail on the head: The importance of specific staff development for effective blended learning. Innovations in Education and Teaching International, 49(4), 389-400.

Wynder, M., Wellner, K. U., & Reinhard, K. (2013). Rhetoric or reality? Do accounting education and experience increase weighting on environmental performance in a balanced scorecard? Accounting Education, 22(4), 366-381.

Adams, C. A., & Larrinaga‐González, C. (2007). Engaging with organisations in pursuit of improved sustainability accounting and performance. Accounting, Auditing & Accountability Journal.

Schaltegger, S., Lüdeke-Freund, F., & Hansen, E. G. (2012). Business cases for sustainability: the role of business model innovation for corporate sustainability. International journal of innovation and sustainable development, 6(2), 95-119.

Gray, R., Bebbington, J. and McPhail, K. (1994), “Teaching ethics in accounting and the ethics of accounting teaching: educating for immorality and a possible case for social and environmental accounting education”, Accounting Education, Vol. 3 No. 1, pp. 51-75.

Bebbington, J., & Dillard, J. (2007, March). What really counts. In Accounting Forum (Vol. 31, No. 1, pp. 99-105). Taylor & Francis.

Blewitt, E. B. J., & Cullingford, C. (2004). Sustainability curriculum. Earthscan.

Delanty, G. (2001). The university in the knowledge society. Organization, 8(2), 149-153.

Wu, Y. C. J., Shen, J. P., & Kuo, T. (2015). An overview of management education for sustainability in Asia. International Journal of Sustainability in Higher Education.

Cho, C. H., Kim, A., Rodrigue, M., & Schneider, T. (2020). Towards a better understanding of sustainability accounting and management research and teaching in North America: A look at the community. Sustainability Accounting, Management and Policy Journal.

Anastasiadis, S., Perkiss, S., Dean, B. A., Bayerlein, L., Gonzalez-Perez, M. A., Wersun, A., ... & Gibbons, B. (2020). Teaching sustainability: complexity and compromises. Journal of Applied Research in Higher Education, 13(1), 272-286.

Haniffa R M and Cooke T E 2005 The impact of culture and governance on corporate social reporting J. Account. Public Policy 24 391–430

Downloads

Published

14-12-2022

How to Cite

Nayak, P., & Kayarkatte, N. (2022). Concept of Education for Corporate Sustainability Disclosures – An Emerging Need. RESEARCH REVIEW International Journal of Multidisciplinary, 7(12), 36–45. https://doi.org/10.31305/rrijm.2022.v07.i12.006

Issue

Vol. 7 No. 12 (2022): RESEARCH REVIEW International Journal of Multidisciplinary

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).