عنوان مقاله [English]
Objective: Considering the importance of sustainability in Islam, Islamic companies can play an important role in sustainable development by adhering to sustainability requirements and sustainability reporting. In Islam, there are valuable concepts for sustainability. Although some points of view have been presented related to corporate sustainability reporting with an Islamic approach by some authors, but so far, no comprehensive model has been presented to identify its elements; so that it can complete the conventional models by considering Islamic teachings. In this regard, this research aims to present a model for identifying the key elements of corporate sustainability reporting with an emphasis on Islamic principles and values in order to gauge the Islamic companies sustainability activities disclosure level, including Iranian companies.
Methods: After extracting the model primary elements through the review of sustainability reports of a sample of shariah approved companies in Malaysia and Indonesia, an extensive literature review and soliciting opinions from experts using thematic analysis method, the fuzzy Delphi method was used to screen them. The statistical population in the implementation of the fuzzy Delphi method was sustainability reporting and Islamic finance experts who were selected based on purposive sampling and the identified initial elements were sent to them in the form of a questionnaire for screening in 2022.
Results: In total, 203 indicators were identified through the review of sustainability reports of a sample of shariah approved companies in Malaysia and Indonesia, an extensive review of the literature and soliciting opinions from experts using thematic analysis method. Out of the total identified indicators, 158 indicators were related to conventional sustainability reporting standards and guidelines and 45 indicators were related to companies Islamic responsibility activities. Based on similarity, the indicators were placed in the form of 13 conventional components and 4 Islamic components. The components were also categorized in the form of four social, environmental, sustainability governance and economic dimensions. In the social dimension, 84 indicators were identified which were classified into customer satisfaction, employee welfare, participation in the local community and Islamic social responsibility activities components. The environmental dimension included 43 indicators which were classified into natural resource consumption management, pollution management, product and service innovation and Islamic environmental responsibility activities components. The 46 identified indicators in sustainability governance dimension were included in the components of sustainability reporting procedures, sustainability governance structure, shareholders rights and Sharia governance. The economic dimension also included 30 indicators that were classified into economic performance, indirect economic effects, supply chain management, campaign against bribery and corruption and Islamic economic responsibility activities components. In the stage of screening using the fuzzy Delphi method, 21 indicators were removed and the model key elements were finalized in the form of 182 indicators, 17 components and 4 dimensions.
Conclusion: By confirming the majority of the indicators identified in the model, it can be acknowledged that most of them were important from the experts' point of view. In addition, the confirmation of the majority of Islamic indicators in each dimension of the model shows the importance of considering Islamic principles and values in completing the model elements. This research can complete studies related to sustainability reporting and Islamic finance and provide a platform to fulfill the obligations of Islamic companies towards God, stakeholders and the environment.