Sustainability reporting – The way for companies’ sustainable development to deal with environmental risks

Abstract

Sustainability reporting is a new tool to help companies to publish their information regarding their sustainability activities in the same way as financial statements. After clarifying the two main concepts in the article, namely sustainable development and sustainability reporting, the author analyzes the roles of this new tool for Vietnamese companies, mainly large and listed companies, within the context that these companies are facing with environmental risks as well as the trends of using current sustainability reporting. Then, the researcher analyzes the current practice of applying sustainability reporting in Vietnam recently. From that, the author presents some recommendations for sustainability reporting to be highly regarded and more deployed by companies in Vietnam, with serious considerations from the State and the companies themselves.

Keywords: sustainability reporting, environmental risk, sustainability development