| Course Name |
Sustainable Accounting and Reporting
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ACC 351
|
Fall/Spring
|
3
|
0
|
3
|
6
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Elective
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | DiscussionGroup WorkCase StudyQ&ALecture / Presentation | |||||
| National Occupation Classification | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | This course provides practical skills for sustainability reporting and Environmental, Social and Governance (ESG) integration. It introduces key frameworks, stakeholder engagement strategies, and reporting standards, equipping students to implement sustainable practices in modern business environments. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | This course introduces students to the essential concepts and practices of sustainability accounting and ESG reporting. Covering global initiatives, reporting standards, and the reporting process from data collection to assurance, it combines theoretical foundations with practical case studies. Interactive discussions and project work will enable students to critically assess how sustainability practices drive corporate strategy and enhance stakeholder trust in today’s competitive market. |
| Related Sustainable Development Goals |
|
|
|
Core Courses | |
| Major Area Courses |
X
|
|
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Related Preparation |
| 1 | Introduction to course | Matias Laine, Helen Tregidga, Jeffrey Unerman, “Introduction to sustainability accounting and accountability”, chap. 1 in Sustainability Accounting and Accountability, 3rd Edition (Abingdon and New York), 1-7. |
| 2 | ESG Developments - History & Foundation | - Matias Laine, Helen Tregidga, Jeffrey Unerman, “Sustainability reporting: History, frameworks and regulation”, chap. 5 in Sustainability Accounting and Accountability, 3rd Edition (Abingdon and New York), 83-103. - “Big Business is Beginning to Accept Broader Social Responsibilities” - The Economist (Aug 2019) - HBS Technical Note: George Serafeim & Jody Grewal (2019), “ESG Metrics: Reshaping Capitalism?” - Porter, M.E., Serafeim, G., & Kramer, M. (2019), “Where ESG Fails” |
| 3 | Global Sustainability Initiatives and ESG Frameworks (UN SDGs, UN PRI, UN Global Compact) | - UN Global Compact - Guide to Corporate Sustainability (2015) - UN PRI – “An Introduction to Responsible Investment” (skim Principles 1-6). - SDG Compass (Guide for Business Action on the SDGs) – published by GRI, UN Global Compact, WBCSD. Read “Executive Summary” and one company example from the guide to see how businesses map SDGs to their reporting. |
| 4 | Key Concepts - Accountability, Stakeholders, Materiality, Externalities | - Matias Laine, Helen Tregidga, Jeffrey Unerman, “Accountability, stakeholders, materiality and externalities: Examining key concepts”, chap. 3 in Sustainability Accounting and Accountability, 3rd Edition (Abingdon and New York), 34-54. - IFRS/ISSB Exposure Draft (excerpt) - Section on Materiality from IFRS S1 - Porter, M. & Kramer, M. (2011), “Creating Shared Value” – Harvard Business Review. |
| 5 | Sustainability Reporting Standards & Bodies - GRI, SASB, ISSB and Others | - GRI Standards Introduction (2021) – Read “How to Use the GRI Standards” and Universal Standards 2021: Principles (pages on stakeholder inclusiveness, materiality, etc.). - SASB Standards Overview (from Value Reporting Foundation) - IFRS/ISSB Project Summary – “General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1)” - “The Global Reporting Landscape” – Chapter 2 of KPMG Survey of Sustainability Reporting 2022 |
| 6 | The Sustainability Reporting Process – Data Collection to Publication | - Matias Laine, Helen Tregidga, Jeffrey Unerman, “The sustainability reporting process”, chap. 6 in Sustainability Accounting and Accountability, 3rd Edition (Abingdon and New York), 103-123. - AccountAbility AA1000SES (2015) – Summary: read sections on planning and conducting stakeholder engagement. - “Double materiality. The guiding principle for sustainability reporting” – GRI |
| 7 | Assurance & Attestation of Sustainability Reports | - IAASB Guidance on Extended External Reporting Assurance (2021) - Global Survey of Sustainability Reporting – KPMG (2022) - Example Assurance Statement: EY’s Assurance Report on Siemens 2022 Sustainability Information - Yan, Jia, Chen & Yan (2022) Assurance process for sustainability reporting: Towards a conceptual framework |
| 8 | Midterm Week | |
| 9 | Sustainability Management Accounting and Control | - Matias Laine, Helen Tregidga, Jeffrey Unerman, “Sustainability management accounting and control”, chap. 4 in Sustainability Accounting and Accountability, 3rd Edition (Abingdon and New York), 57-82. - Case Study - Harvard Business Review (2016), “The Comprehensive Business Case for Sustainability” by T. Whelan & C. Fink - NYU Stern CSB ROSI Methodology (Brief) |
| 10 | Sustainable Investing - ESG in Capital Markets and Cost of Capital | - Matias Laine, Helen Tregidga, Jeffrey Unerman, “ESG investments and risk management”, chap. 7 in Sustainability Accounting and Accountability, 3rd Edition (Abingdon and New York), 124-146. - CFA Institute Report (2020), “ESG Integration in Europe, the Middle East, and Africa” - Climate Bonds Initiative – Green Bonds Market Summary 2022 |
| 11 | Impact Investing and Social Entrepreneurship | - Bugg-Levine, A. & Emerson, J. (2011). “Impact Investing: Transforming How We Make Money While Making a Difference” - GIIN Annual Impact Investor Survey - Case Study: Triodos Bank, Social impact bonds (2017) - Impact Reporting Example: Excerpts from an Acumen Fund Investor Report |
| 12 | Greenwashing and Ethical Challenges in Sustainability Accounting | - Netto, Sobral, Riberiro & Soares (2020) Concepts and forms of greenwashing a systematic review - Yu, Luu & Chen (2020) Greenwashing in environmental, social and governance disclosures |
| 13 | Guest Speaker | |
| 14 | Project Presentations | |
| 15 | Semester Review | |
| 16 | Final Exam |
| Course Notes/Textbooks | Matias Laine, Helen Tregidga, Jeffrey Unerman, Sustainability Accounting and Accountability, 3rd Edition, Routledge, New York, ISBN: 978-1-032-02310-6. |
| Suggested Readings/Materials |
Yu, E. P. Y., Van Luu, B., & Chen, C. H. (2020). Greenwashing in environmental, social and governance disclosures. Research in international business and finance, 52, 101192. |
| Semester Activities | Number | Weigthing |
| Participation |
1
|
15
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury |
1
|
30
|
| Project |
1
|
25
|
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
30
|
| Final Exam | ||
| Total |
| Weighting of Semester Activities on the Final Grade |
4
|
100
|
| Weighting of End-of-Semester Activities on the Final Grade | ||
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
14
|
3
|
42
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
1
|
30
|
30
|
| Project |
1
|
25
|
25
|
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
30
|
30
|
| Final Exam |
0
|
||
| Total |
175
|
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
|||||
|
1
|
2
|
3
|
4
|
5
|
|||
| 1 |
To be able to acquire theoretical and practical knowledge and skills in the area. |
-
|
-
|
-
|
-
|
-
|
|
| 2 |
To be able to approach problems with an analytical and holistic viewpoint. |
-
|
-
|
-
|
-
|
-
|
|
| 3 |
To be able to gain knowledge about both national and international accounting and auditing standards. |
-
|
-
|
-
|
-
|
-
|
|
| 4 |
To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats. |
-
|
-
|
-
|
-
|
-
|
|
| 5 |
To be able to critically evaluate the performance of accounting and other related management information systems, and organizations. |
-
|
-
|
X
|
-
|
-
|
|
| 6 |
To be able to develop innovative and creative approach to real-life business issues. |
-
|
-
|
-
|
-
|
-
|
|
| 7 |
To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective. |
-
|
-
|
X
|
-
|
-
|
|
| 8 |
To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing. |
-
|
-
|
-
|
-
|
-
|
|
| 9 |
To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member. |
-
|
-
|
X
|
-
|
-
|
|
| 10 |
To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions. |
-
|
-
|
-
|
-
|
X
|
|
| 11 |
To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). |
-
|
-
|
-
|
-
|
-
|
|
| 12 |
To be able to speak a second foreign at a medium level of fluency efficiently. |
-
|
-
|
-
|
-
|
-
|
|
| 13 |
To be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
-
|
-
|
-
|
-
|
-
|
|
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
4 young people who graduated from Faculty of Business, Izmir University of Economics (IUE) quickly climbed the ladder of success ...
The agreement made with PwC firm will provide priority internship and job opportunities to the students of IUE Accounting and ...
As Izmir University of Economics transforms into a world-class university, it also raises successful young people with global competence.
More..Izmir University of Economics produces qualified knowledge and competent technologies.
More..Izmir University of Economics sees producing social benefit as its reason for existence.
More..
