The Role of Accounting in Corporate Social Responsibility and ESG Disclosure

Abstract

Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) disclosures have gained increasing prominence in contemporary business practices. This study examines the critical role of accounting in enhancing the transparency, accuracy, and reliability of CSR and ESG disclosures. By integrating ESG metrics into accounting frameworks, this research identifies key challenges and opportunities in accounting for CSR-related activities. Utilizing a mixed-methods approach, including case studies of leading corporations and surveys of accounting professionals, this study explores the impact of ESG disclosures on stakeholder trust and corporate reputation. The findings emphasize the necessity for standardized ESG reporting frameworks and highlight the evolving role of accountants in promoting corporate sustainability. This study also provides best practices for accounting professionals to improve ESG disclosure quality, thereby strengthening corporate accountability and long-term value creation.