Factors Determining Social and Environmental Performance of Islamic Companies: Analysis of Sustainability Related Reporting Practices

The aim of this paper is to analyze the sustainability performance of Islamic World companies and determine some factors that could define their sustainability practices and performance focused on traditional variables and also on cultural characteristics of a company’s CEO. This paper investigates the sustainability performance of a sample of the thirty companies belonging to Islamic World through the analysis of their sustainability reports available on the web. Content analysis and several statistics tests like multi-variant linear regression were applied. Under accountability approach the commitment to sustainability performance is evaluated. The results show a relevant sustainability performance of firms with difference between social, economic and environmental components. Also finds sustainability performance is influenced by size of the firm and several cultural variables like location where the CEO gained professional experience.