The Impact of Sustainability Reports to Enhance Company Performance and its Sustainability

Sustainability reporting has emerged as a critical tool for modern businesses, serving not only as a window into their environmental and social responsibilities but also as a catalyst for performance improvement and long-term sustainability. This paper embarks on a rigorous journey through the academic landscape, focusing on two vital dimensions: board features and disclosure within sustainability reporting. Our objective is twofold: firstly, to illuminate the intricate concept of materiality within sustainability reporting, and secondly, to present a novel governance-centric framework that offers fresh insights, implications, and a significant contribution to the field. Drawing inspiration from stakeholder theory and the resource-based view theory, our framework transcends the conventional boundaries of sustainability reporting. By scrutinizing the intersections of governance, board features, and disclosure, this research not only sheds light on previously unexplored areas but also provides a roadmap for companies to enhance their performance while solidifying their commitment to sustainability. The implications of our findings extend beyond the theoretical realm, offering actionable guidance for companies seeking to embrace sustainability reporting as a driver of progress. In a world where sustainability is no longer a choice but an imperative, our study offers a timely and robust foundation for future research endeavors and practical applications, ultimately contributing to a more sustainable and responsible business landscape.