SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES	VOL. 16	NO. 2	PAPER 2
10.5958/2321-2012.2020.00012.3
SUSTAINABILITY REPORTING IN THE FINANCIAL INDUSTRY: FURTHER EVIDENCE FROM SAUDI ARABIA
Hesham M. Albarrak* Lassaad Ben Mahjoub**
*    Department of Accounting, College of Business, Alfaisal University, Riyadh, Kingdom of Saudi Arabia **    Department of Accounting, College of Economics and Administrative Sciences, Al-Imam Muhammad Ibn Saud Islamic University, Riyadh, Kingdom of Saudi Arabia
The paper examines the extent of sustainability in Saudi Financial Institutions, as communicated in their websites. As a result of the widespread interest in social responsibility in Saudi Arabia and its role in sustainability, companies and financial institutions in particular, have become increasingly convinced and face significant social and economic challenges. In fact, there is still uncertainty and insufficient knowledge on the part of individuals and companies, as a whole, of the concept of sustainability in the financial industry and its dimensions, as well as the extent of effectiveness and how to develop and benefit from them. In the light of this, a content analysis of financial institutions’ websites was conducted, in order to measure the extent of sustainability reporting, made by these companies. The results revealed an average level of sustainability reporting, especially on the dimension of Customers and Employees. Finally, the paper advances the most important recommendations for the promotion of the social responsibility and sustainability initiatives in Saudi Financial Institutions

KEYWORDS: Sustainability, Reporting, CSR, and Saudi Financial Institutions

JEL CLASSIFICATIONS: G2, C12, and M14

FULL TEXT