The Dynamics of Materiality
The Role of Sustainability Accounting in Supporting Decision Making
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Beschreibung
This book presents a System Dynamics based model that rethinks the role of sustainability accounting in business contexts to highlight its role in supporting long-term corporate decision-making. It explores how materiality assessments both shape and are shaped by resource allocation decisions, stakeholder expectations, communication strategies, and financial outcomes, offering an innovative boundary-spanning and systemic perspective. Through a generic and quantitative model, the book captures the feedback-driven nature of materiality and sustainability reporting, overcoming static approaches in favour of dynamic and forward-looking ones. This reveals how misalignment between internal practices and the external role attributed to the report can lead to short-termism, showing the inner causes of greenwashing and stakeholder scepticism.
The book bridges the gap between sustainability reporting theory and practice, supporting firms in integrating materiality into their core strategic processes, while aligning with emerging international standards such as ESRS and IFRS ones. For doing this, the book is grounded in rigorous research methods, yet designed for practical applications for strategy development, performance management, and academic or executive training – for the interest of academics, professionals, students, and, more in general, readers in sustainability accounting and corporate management.
This book presents a System Dynamics based model that rethinks the role of sustainability accounting in business contexts to highlight its role in supporting long-term corporate decision-making. It explores how materiality assessments both shape and are shaped by resource allocation decisions, stakeholder expectations, communication strategies, and financial outcomes, offering an innovative boundary-spanning and systemic perspective. Through a generic and quantitative model, the book captures the feedback-driven nature of materiality and sustainability reporting, overcoming static approaches in favour of dynamic and forward-looking ones. This reveals how misalignment between internal practices and the external role attributed to the report can lead to short-termism, showing the inner causes of greenwashing and stakeholder scepticism.
The book bridges the gap between sustainability reporting theory and practice, supporting firms in integrating materiality into their core strategic processes, while aligning with emerging international standards such as ESRS and IFRS ones. For doing this, the book is grounded in rigorous research methods, yet designed for practical applications for strategy development, performance management, and academic or executive training – for the interest of academics, professionals, students, and, more in general, readers in sustainability accounting and corporate management.
Applies system dynamics to sustainability reporting, bridging firm and stakeholder perspectives Reframes materiality as a dynamic managerial construct that drives strategy, not just disclosure Integrates financial and impact materiality to support decision-making and reporting standardization
Autor*in
Riccardo Santoni
Themen in »The Dynamics of Materiality«
Sustainability reporting Internal materiality assessment System dynamics for sustainability accounting System thinking and system dynamics simulation Soft variables generic modelling Impact, financial, and double materiality Dynamic materiality Sustainability performance and reporting standards Corporate Sustainability Reporting Directive (CSRD) IFRS and ISSB sustainability disclosure standards Standardization of sustainability reporting Integrated thinking and forward looking orientation Greenwashing risks, stakeholder trust, and scepticism Stakeholder satisfaction, trust, and materiality ESG reporting, corporate transparency, and accountability