Corporate Sustainability Reporting: Paradigms, Determinants and Performance

Due to climate change, pressures from civil society and national and international bodies, the objectives of sustainable development, social responsibility and ethical governance have become an integral part of companies' management strategy. Thus, if in the past, the main objective of business was to maximize profit or economic growth by any means, nowadays, to be successful in the long term, firms must integrate the principles of sustainability and corporate governance into their strategic objectives. In this sense, the aim of this article is to analyze the main paradigm shifts in the business world in the context of implementing sustainability and corporate governance principles in business models, while identifying the motivations for sustainability reporting and the impact on firm performance. The research methodology is theoretical and documentary, focusing on literature review and international regulations on sustainability and corporate governance. The research results consist in highlighting the main paradigm shifts in sustainability reporting and its implications on firm performance.