A Holistic Framework to Enhance Sustainable Development and Reporting in Corporate Sustainability

Over the past decade, sustainability has demanded a reshaping of strategies to minimize environmental impacts and enhance societal contributions while ensuring long-term economic sustainability. However, existing literature lacks a unified approach to integrate internal development and external reporting within sustainability management. The review highlights the absence of a comprehensive management tool and identifies commonalities and limitations in existing solutions. Leveraging the Triple Bottom Line model and Global Reporting Initiative Standards, the study aims to address this gap by developing a holistic framework that incorporates widely adopted indicators and disclosures. The study begins with an analysis of existing literature to build a solid foundation of knowledge on sustainability management. Based on that, a novel framework is proposed, integrating dimensions such as sustainable development, reporting, and accountability across organizational functions and decision-making levels. The study contributes to bridging the gap in sustainability management by proposing a comprehensive framework that addresses the need for integrated internal development and external reporting, particularly crucial for companies striving to align their operations with sustainability goals and enhance accountability to stakeholders. Moving forward, the framework offers a valuable tool for companies to enhance their sustainability practices and accountability to stakeholders.