The impact of sustainability disclosure indicators for the EESG/ISX on improving the financial performance of a sample of banks listed on the Iraq Stock Exchange

• Hameeda K. Hadrawi

  Author

This research aims to identify the level of sustainability disclosure across its economic, environmental, social, and public dimensions, according to the Global Reporting Initiative (GRI) standards, and to determine its impact on banks' financial performance, specifically on returns and risk. The research stems from the increasing need to disclose non-financial information alongside financial information, thereby enhancing transparency and improving stakeholders' ability to evaluate performance and make informed decisions. The research employed a descriptive-analytical approach, analyzing the financial reports of the banks in the sample. Gulf Commercial Bank and the Commercial Bank of Iraq were selected because they had implemented sustainability initiatives and provided readily available data. The research utilized a list of global standards indicators, along with return and risk indicators, and employed appropriate statistical methods to test correlations and impact relationships. The research concluded that disclosing sustainability indicators positively impacts increased returns, reduced risk, and improved financial performance.

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