Identifying the Components of Sustainability Reporting in the Cosmetics and Personal Care Industry
Keywords:
sustainability reporting, cosmetics and personal care industry, corporate social responsibility, environmental sustainability, corporate governance, international standardsAbstract
Sustainability reporting is considered a key instrument for increasing transparency, promoting social responsibility, and improving organizational performance in the cosmetics and personal care industry. The purpose of this study was to identify the main components of sustainability reporting in this industry and to present an integrated framework. The research method was based on a systematic review of domestic and international studies, and the data were collected from scientific sources and relevant reports. The findings indicate that sustainability reporting is a multidimensional process influenced by the environment and legal requirements, organizational structure and management, the quality and transparency of financial reporting, and social responsibility and innovation. The results of the study present a four-component framework consisting of “environment and institutional framework,” “organizational structure and management,” “financial and sustainability performance and reporting,” and “social responsibility and innovation,” which can help companies operating in the cosmetics and personal care industry design and implement their sustainability policies and practices in a comprehensive and targeted manner. This framework also provides a basis for future research in the field of accounting and sustainability reporting.
Downloads
References
1. Schaltegger S, Etxeberria IÁ, Ortas E. Innovating Corporate Accounting and Reporting for Sustainability – Attributes and Challenges. Sustainable Development. 2017. doi: 10.1002/sd.1666.
2. Stefanescu CA. Linking sustainability reporting frameworks and sustainable development goals. Accounting Research Journal. 2022;35(4):508-25. doi: 10.1108/ARJ-07-2020-0196.
3. Faraj M, Mahmoodi Khoshroo O, Parvizi B, Fatemi A. The Relationship between Strategic Management Accounting and Governance, Social and Environmental Aspects of Sustainable Development Reporting. International Journal of Finance & Managerial Accounting. 2025;12(44):195-206. doi: 10.22034/ijfma.2025.78173.2216.
4. Arena M, Azzone G, Ratti S, Urbano VM, Vecchio G. Sustainable development goals and corporate reporting: An empirical investigation of the oil and gas industry. Sustainable Development. 2022. doi: 10.1002/sd.2369.
5. Abideen Z, Fulling H. Sustainability reporting and investor sentiment: A sustainable development approach to Chinese-listed firms. Journal of Cleaner Production. 2024;466(1):1-13. doi: 10.1016/j.jclepro.2024.142880.
6. Abdi M, Kordestani G, Rezazade J. Designing of Corporates’ Coherent Sustainability Reporting Model. Financial Accounting Research. 2019;11(4):23-44. doi: 10.22108/far.2019.118585.1498.
7. Karina N. Analysis and Audit of Reporting on Sustainable Development for Trade Networks and Directions for Their Improvement. 2023. doi: 10.35784/preko.4032.
8. Donner EK, Meißner A, Bort S. Moving from voluntary to mandatory sustainability reporting-Transparency in sustainable development goals (SDG) reporting: An analysis of Germany's largest MNCs. Business ethics, the environment & responsibility. 2025;34(3):900-11. doi: 10.1111/beer.12687.
9. Gerwing T, Kajüter P, Wirth M. The Role of Sustainable Corporate Governance in Mandatory Sustainability Reporting Quality. Journal of Business Economics. 2022;92:517-55. doi: 10.1007/s11573-022-01092-x.
10. Taghavi Gudarzi M, Fazilat F. Sustainability and environmental changes reporting challenges for public sector accountants. Public Sector Accounting and Budgeting. 2021;2(3):65-71.
11. Jafari RH, Zarin Gari SH, editors. The role of organizational whistleblowing in enhancing reporting transparency and accountability of organizational managers. Fourth National Conference on Sustainable Development in Management and Accounting Sciences; 2023; Tehran.
12. Babaei F, Rahmani A, Homayoun S, Amin V. The Relationship between Corporate Sustainability Performance and Firm Value: Emphasizing the Role of Disclosure Score and Firm Size. Journal of Accounting Knowledge. 2021;12(3):1-27. doi: 10.22103/jak.2021.16583.3340.
13. Farahi M, Akbarpour H. Investigating the relationship between sustainable environmental performance reporting and the cost of debt financing: Examining the effects of corporate reputation. Scientific Journal of New Research Approaches in Management and Accounting. 2022;6(22):880-96.
14. Ermawati Y. The Role of Corporate Finance in Maximizing Shareholder Wealth and Driving Sustainable Growth. Advances in Management & Financial Reporting. 2024;2(3):173-85. doi: 10.60079/amfr.v2i3.384.
15. Nooreddin M, Poorzamani Z. Disclosure of Environmental Information in Financial Reporting. Accounting and Auditing Research. 2022;14(55):97-112. doi: 10.22034/iaar.2022.162394.
16. Alshbili I, Elamer AA, Moustafa MW. Social and Environmental Reporting, Sustainable Development and Institutional Voids: Evidence from a Developing Country. Corporate Social Responsibility and Environmental Management. 2021;28(2):881-95. doi: 10.1002/csr.2096.
17. Mahmoudkhani M, Rahmani A, Homayoun S, Niakan L. Identify the components of sustainability reporting in the insurance industry. khu-aapc. 2021;6(11):187-216. doi: 10.52547/aapc.6.11.187.
18. Sepasi S, Rahdari A, Rexhepi G. Developing a sustainability reporting assessment tool for higher education institutions: the University of California. Sustainable Development. 2018;26(6):672-82. doi: 10.1002/sd.1736.
19. Traxler AA, Greiling D. Sustainable public value reporting of electric utilities. Baltic Journal of Management. 2019;14(1):103-21.
20. Di Leo A, Sfodera F, Cucari N, Mattia G, Dezi L. Sustainability reporting practices: an explorative analysis of luxury fashion brands. Management Decision. 2023;61(5):1274-97. doi: 10.1108/MD-02-2022-0142.
21. Khan PA, Johl SK, Akhtar S. Firm Sustainable Development Goals and Firm Financial Performance through the Lens of Green Innovation Practices and Reporting: A Proactive Approach. Journal of Risk and Financial Management. 2021;14(12):605. doi: 10.3390/jrfm14120605.
22. Adelakun BO. Leveraging AI for Sustainable Accounting: Developing Models for Environmental Impact Assessment and Reporting. Finance & Accounting Research Journal. 2024;6(6):1017-48. doi: 10.51594/farj.v6i6.1234.
23. Moordui S, Hejazi R, Dessine M, Amiri A. Expanding the contextual axes of sustainable intellectual capital reporting: Fuzzy inference evaluation of multi-sector subsets (k-fold). Journal of Accounting Knowledge. 2024;15(3):87-110.
24. Mobaraki A, Tamimi M, Salehi E. Extending the RA Theory to Determine the Appropriateness of Sustainable Reporting Instances under Green Corporate Citizenship Approach Strategies. Journal of Accounting Knowledge. 2024;15(3):133-60.
Downloads
Published
Submitted
Revised
Accepted
Issue
Section
License
Copyright (c) 2025 Mahmoud Akbari (Author); Mohsen Rashidi Baghi; Azar Moslemi (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
