Integrated Sustainability Reporting as a new construct in sustainable finance Arif Widyatama (a*), Dian Agustia (b), Ardianto (b)
(a) Department of Business and Hospitality, Faculty of Vocational Studies, Brawijaya University, Malang, Indonesia *arif.widyatama[at]ub.ac.id
(b) Accounting Department Universitas Airlangga Surabaya, Indonesia
Abstract
This article aims to criticize the sustainability finance constructs, namely Environmental, social, and governance (ESG) and Integrated reporting (IR) as well as provide a review of the Integrated Sustainability Reporting (ISR) construct as a new construct of sustainability finance. This paper argues that, measuring sustainability in accounting, it is not only limited to ESG and IR. This article uses a literature study approach by reviewing articles collected electronically and manually. Search for these articles using the Scopus database. Furthermore, these articles will be synthesized and elaborated to find a framework that fits the concept of sustainability. This article argues that ethical aspects have important dimensions of sustainability that can make the performance of a company^s sustainability more comprehensive. This paper also concludes that when a company only tries to fulfill obligations in the form of responsibility to the environment without any ethics in its implementation, social responsibility activities only fulfill obligations and can ultimately violate local norms in the community.
