Accountants’ Views on Sustainability Reporting: A Generational Divide

Abstract

SUMMARY Accountants potentially have a major role to play as the field of sustainability reporting grows. Surveying 173 accountants, we find that the majority are unfamiliar with many of the existing sustainability frameworks and that 31 percent have current experience working in sustainability reporting. Comments from respondents also indicate that there is some hesitation by older generations as to whether sustainability falls within accountants’ roles and responsibilities, whereas respondents under 30 indicated greater enthusiasm for the future of sustainability reporting. With the prospect of mandatory Securities and Exchange Commission (SEC) sustainability reporting and assurance looming, these results are critical as firms and professionals prepare for these potential changes. Shifting market demands and new generations entering the workforce may impact the professional accounting landscape as companies seek to recruit and retain top talent who are excited about the prospects of working with sustainability information.