Abstract:
Purpose – In recognition of the potential for Buddhism to advance sustainability, this paper aims to
investigate whether Buddhism appears to be informing the sustainability practices of corporations
within a particular national context. Corporate sustainability reports are used as a site of analysis.
Design/methodology/approach – Sixteen corporate sustainability reports from a set of
sustainability award-winning corporations in Sri Lanka, a country with a strong Buddhist presence, are
analysed. Evidence of Buddhist principles and values related to sustainability is sought to ascertain the
extent to which Buddhism is evident in disclosures within the reports. The influence of global
institutions is also considered.
Findings – Analysis reveals surprisingly little evidence of Buddhist principles and values in the
corporate sustainability reports of these award-winning corporations. Sustainability reporting
practices are revealed to be highly institutionalised by global influences, with the majority of the reports
examined explicitly embracing global standardisation. The standardisation of corporate sustainability
reporting through the pursuit of globally accepted reporting frameworks is argued to have caused a
disconnect between Buddhism as a prevalent institutional force in the local culture and context and the
corporate representations evident in such reporting. Potential consequences of this disconnect in
relation to the ability for Buddhism to inform sustainability practices at the organisational level are
considered.
Originality/value – The paper contributes to the literature on corporate sustainability reporting
through considering whether local cultural context is represented within such reports and possible
reasons and consequences.
