Front cover -- Contemporary Issues in Sustainability Accounting, Assurance and Reporting -- Copyright page -- Contents -- List of contributors -- 1. Sustainability Reporting and Assurance: State of Practice -- 1.1. Introduction -- 2. The Valuation Relevance of Environmental Performance: Evidence from the Academic Literature -- 2.1. Introduction -- 2.2. Evidence on the Valuation Relevance of a Firm's Environmental Performance -- 2.3. Environmental Performance, Financial Performance and Firm Risk -- 2.4. A Role for Voluntary Environmental Disclosure -- 2.5. Summary and Conclusions -- References -- 3. Performance of Socially Responsible Investment Funds -- 3.1. Introduction -- 3.2. Performance of SRI Funds -- 3.3. Conclusions and Recommendations -- References -- 4. An Inconvenient Truth about Accounting: The Paradigm Shift Required in Carbon Emissions Reporting and Assurance -- 4.1. Introduction -- 4.2. Accounting for Carbon Emissions Trading -- 4.3. Carbon Financial Statement Accounting -- 4.4. New Paradigm for the Valuation of Environmental Capabilities -- 4.5. Summary -- References -- Appendix 4.A.1: The Implications of the Kyoto Protocol -- Appendix 4.A.2: Carbon (Emission and Sequestration) Accounting and Assurance -- Appendix 4.A.3: The Recording of Transactions in the Capability Financial Statements -- 5. Active Ownership and ESG Performance -- 5.1. Introduction -- 5.2. Literature Review -- 5.3. Theoretical Framework -- 5.4. Case Studies -- 5.5. Factors Contributing to the Effectiveness of Calvert's Engagements -- 5.6. Conclusion -- Acknowledgements -- References -- 6. The Need for Effective Corporate Social Responsibility/Sustainability Regulation -- 6.1. Introduction -- 6.2. Voluntary Initiatives -- 6.3. Mandatory/Regulated CSR Schemes -- 6.4. To Regulate or Not -- References -- 7. The Carbon Economy and Emissions Reporting.

7.1. Introduction -- 7.2. International Climate Change Negotiations -- 7.3. National Carbon Policy Architectures and Compliance Costs -- 7.4. European Union -- 7.5. Australia -- 7.6. China -- 7.7. Indonesia -- 7.8. Summary -- References -- 8. Sustainability Reporting Beyond Rhetoric: Linking Strategy, Accounting and Communication -- 8.1. Introduction -- 8.2. Facets and Forms of Sustainability Reporting -- 8.3. A Framework of Sustainability Reporting Approaches -- 8.4. Outlook -- References -- 9. The Measurement and Reporting of Sustainability Information within the Organization: A Case Analysis -- 9.1. Introduction -- 9.2. Schaltegger's Framework -- 9.3. Background of the LGA -- 9.4. Conclusions -- Appendix 9.A: Respondent Questions -- 10. A Methodology to Rank the Quality and Comprehensiveness of Sustainability Information Provided in Publicly Listed Company Reports -- 10.1. Introduction -- 10.2. The Need for a Reporting Quality Ranking System -- 10.3. Voluntary Reporting Theories and the Five Reporting Bottom Lines -- 10.4. Summary -- References -- 11. Assurance on Sustainability Reporting: State of Play and Future Directions -- 11.1. Introduction -- 11.2. Current Trends in Sustainability Reporting and Assurance -- 11.3. Standards and Guidance -- 11.4. Assurance Providers -- 11.5. Conclusion and Future Directions -- References -- Index.