ABSTRACT
Investors need sustainability information in order to fully understand companies’ future prospects, including future cash flows and the associated risks. Apart from private and institutional investors, investment professionals, such as analysts and financial advisors, also use the information. These investment-related stakeholders often rely on corporate disclosures for sustainability information. Managers, employees, auditors, customers, pressure groups (for example, environmental groups) and the media have all been shown to demand sustainability information. Stakeholders tend to rely on corporate sustainability and integrated reports for periodic assessments, referring to organizational websites for current information as important matters, such as an environmental crisis, unfold.
