تأثير تطبيق معايير الاستدامة في تعزيز قيمة الشركة

The impact of applying sustainability standards on enhancing the company's value

All companies, whether local or international, strive to reach the desired goals that are required to be achieved by the companies themselves because of their importance, prestige and reputation internationally, especially as the business environment is witnessing large and rapid developments, due to the economic and technological development that has caused harm to humans, which requires the need to reduce this harm And work to protect the environment, and participate in supporting social aspects, so international professional organizations, the United Nations and representatives of stakeholders have issued the GRI Global Reporting Initiative to find guidelines in accordance with the standards of the Sustainability Accountability Board, SASB because these standards have a comprehensive understanding of the nature of work with the surrounding circumstances. In order to enable them to make comparisons with similar units, and to disclose the essential aspects of their environmental, social and economic contributions that help them gain society, and the research aims to find out the effect of applying sustainability standards in enhancing the value of the company by identifying the opinions of a group of individuals working in companies (private banks) from During the distribution of the questionnaire to them (for the research sample), the results of the statistical research analysis showed that there is a problem Where between the economic, social and environmental dimensions, as well as the weakness of the social and environmental dimension in enhancing the value of the company, thus enabling them to make rational decisions that lead to the expansion of all activities of economic units of greatest benefit for economic development and society, and lead to achieving economic growth and social welfare for society as a whole. The most important results reached by the researcher through the sample’s response to the research and its analysis, it becomes clear that the interest in the economic dimension is more due to its greater impact on all activities and the weak interest in the social and economic dimensions, which resulted in the weak participation of companies in achieving sustainable development for several reasons, including the weak adoption of international standards by companies as a guide for implementation Treatments for sustainability dimensions. The study also recommended the necessity of adopting Iraqi companies listed on the Iraq Stock Exchange in issuing sustainability reports in addition to annual financial reports and stating the level of their commitment to implementing the Global Reporting Initiative (GRI) standards and the need to rely on standards and indicators of sustainability accounting in all companies for the purpose of giving beneficiaries And investors, all stakeholders and face The supervisory authority adopted a consolidated report, based on the standards indicators, without difference.