Impact of sustainability indicators disclosure based on GRI Standards in accounting sustainability reports on enhancing the company value

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Abstract

This study aims to measure the impact of sustainability indicators disclosure, based on Global Reporting Initiative (GRI) Standards in accounting sustainability reports, on enhancing company value at Jordanian extractive and mining industries companies listed on the Amman Stock Exchange (ASE) with data available in the financial market during 2020–2023. The researchers used a number of financial indicators in the statistical program (EViews), including return on equity (ROE), earnings per share (EPS), return on assets (ROA), leverage (LEV), and also gave weights to the disclosure items of sustainability accounting, and its economic, environmental, and social indicators. The study found a positive impact of sustainability indicators disclosure on enhancing the company value of Jordanian extractive and mining industries companies. The study recommended Jordanian companies to utilize all available means and capabilities for the purpose of expanding their services and differentiating investments, in order to increase the efficiency of these companies and achieve returns. The study also recommended encouragement of all companies to commit to the disclosure of waste and emissions reduction requirements, which include direct and indirect greenhouse gas emissions resulting from energy consumption, where optimizing resource consumption across operations not only contributes to cost savings but also improves company value.

Keywords: Sustainability Disclosure, Company Value, Global Reporting Initiative (GRI), Accounting Sustainability Reports

Authors’ individual contribution: Conceptualization — A.B.; Formal Analysis — Z.M.S.; Resources — A.B.; Data Curation — Z.M.S.; Writing — Original Draft — A.B.; Writing — Review & Editing — A.B. and O.A.-B.; Visualization — A.B.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: G32, M4, M41, Q56

Received: 22.07.2025
Revised: 10.10.2025; 14.11.2025
Accepted: 04.12.2025
Published online: 08.12.2025

How to cite this paper: Bataineh, A., Shwiyat, Z. M., & Al-Bataineh, O. (2025). Impact of sustainability indicators disclosure based on GRI Standards in accounting sustainability reports on enhancing the company value. Corporate Governance and Sustainability Review, 9(4), 148–160. https://doi.org/10.22495/cgsrv9i4p13