Accounting for Sustainable Development

Abstract

As a natural consequence of the growing importance of sustainable development and the concept of corporate social responsibility, it has become necessary to develop accounting system solutions which would communicate information on the methods and results of the implementation of the above concept in business organisations. The aim of this article is to present a comparative analysis of the similarities and differences between the guidelines offered by two leading global institutions, namely the Global Reporting Initiative (GRI) and the International Integrated Reporting Committee (IIRC). This required the adoption of an appropriate research method, namely a critical descriptive analysis. At the beginning the author presents the origins of the GRI and IIRC organizations as well as their guidelines. Later, attention is focused on delineating some of the similarities and differences between the analysed sets of guidelines. The final part of the article presents the conclusions of the research conducted.