Factors Affecting Environmental Sustainability Reporting; Evidence from Sri Lankan Hotel Industry

Abstract

Sustainability reporting is a common business practice amongst business organizations. Stakeholders need more transparency on environmental issues and expect a large amount of information from corporates. To offset this information asymmetry, reporting requirements as well as standards, are implemented by governments around the globe. This study investigates factors affecting environmental sustainability reporting in the Sri Lankan Hotel sector. This study utilizes a quantitative approach for data collection and data analysis. A questionnaire has been distributed for the investigation. Accountants and Managers of Hotels in different provisions have been requested to answer an online questionnaire. The employees of the companies hold different positions, educational backgrounds and professional experiences. A total of 101 answers were collected and analyzed using SPSS software quantitatively. Leadership traits, stakeholder pressure, and government pressure affect sustainability reporting in the hotel industry. The demographic variables (type of accommodation, designation of the respondent, level of education, experience in the hotel industry) are significantly related to environmental sustainability reporting. The findings will originate the value with novelty and important implications to the hotel managers and accountants in terms of environmental sustainability reporting.