Baumüller, J., & Leitner-Hanetseder, S. (2023). Accounting for a Green Economy : Sustainable Finance and the Harmonisation of Sustainability Reporting. In O. Lehner, T. Harrer, H. Silvola, & O. Weber (Eds.), The Routledge Handbook of Green Finance (pp. 23–40). Routledge. https://doi.org/10.4324/9781003345497-4
In our paper, we outline the role of sustainability accounting for the European and global ambitions towards reaching the goal of sustainable finance. We illustrate and compare the two major projects for standard setting in that field, i.e. the EFRAG’s upcoming ESRS and the ISSB’S IFRS Sustainability Disclosure Standards. In addition, we consider different institutional backgrounds and underlying understandings of sustainability – and show the possible conflicts, intersections and the need for harmonization in order to achieve a. sustainability reporting environment for European companies that allows them to identify and make contributions towards the sustainable transformation of finance.
