Sustainability reporting patterns of companies listed on the Johannesburg securities exchange

The demand by stakeholders for information about companies' social and environmental performance has led to sustainability reporting becoming essential. The Global Reporting Initiative (GRI) guidelines are the international reporting standard whereas the Johannesburg Securities Exchange Socially Responsible Investment (JSE SRI) Index guidelines are used in South Africa. Although South Africa is regarded as one of the leaders in sustainability reporting in the world, the JSE SRI Index is still a relatively new standard and its efficiency will only be proved over time. The research on which this paper is based, determined whether reporting patterns exist across specific market sectors of the sustainability reports of companies listed on the JSE in order to establish if the JSE SRI Index guidelines on reporting are efficient. Results indicated that all the selected market sectors reported on the environment, society and governance (ESG) categories as per requirements of the JSE SRI Index. The mining and materials sector reported more in the environment and the society categories than the other sectors, while in the governance category less reporting on indirect impacts by all the sectors was noted. The implication of this is that in general, companies find the JSE SRI Index guidelines on reporting easy to implement. However, less reporting of companies' indirect impacts on their operating environments could mean that there is still a lack of completeness and transparency from the companies' reports, which could be as a result of a lack of firmer guidelines by the JSE SRI Index guidelines on reporting of such issues. (C) 2014 Published by Elsevier Inc.