Through the looking glass: tying performance and materiality to corporate purpose

Item Type Journal paper
Abstract By making use of the purpose definition set out by the British Academy’s Future of the Corporation programme we argue that performance relates to purpose in two dimensions. Firstly, purpose sets the frame of long-term success and defines materiality for an organisation both from a single and from a double materiality perspective. Secondly, performance in relation to purpose needs to measure profitability net of negative externalities. We review and discuss the current landscape of non-financial reporting and measurement frameworks on how they lend themselves to the determination of materiality on the one hand and to the accounting of externalities on the other hand, in order to achieve an approximation of performance in relation to purpose. We conclude by discussing how materiality and measurement viewed through a purpose-lens could help an advanced understanding of performance in practice for sustainable finance, corporate governance and management decision-making.
Authors Ströhle, Judith; Soonawalla, Kazbi & Metzner, Marcel
Journal or Publication Title Journal of the British Academy
Language English
Subjects business studies
social sciences
Refereed Yes
Date August 2022
Publisher British Academy
Place of Publication London
Number 10(5)
Page Range 87-123
ISSN 2052-7217
Official URL
Depositing User Prof. Dr. Judith Ströhle
Date Deposited 05 Oct 2022 16:11
Last Modified 05 Oct 2022 16:11


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Ströhle, Judith; Soonawalla, Kazbi & Metzner, Marcel (2022) Through the looking glass: tying performance and materiality to corporate purpose. Journal of the British Academy, (10(5)). 87-123. ISSN 2052-7217

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