Economic Performance Disclosure Practices as per Gri-G4 Guidelines -A Case Study of Indian Oil Corporation

Abstract

Objective: To examine the disclosure practices of economic performance by the Indian Oil Corporation (IOC) and evaluate its alignment with global reporting standards, particularly the Global Reporting Initiative (GRI) guidelines.

Methodology: The study employs a case study approach, using secondary data from IOC's reports and publicly available documents. to assess the extent and quality of economic performance disclosures in alignment with GRI guideline content analysis techniques were applied.

Findings: The analysis reveals that the Indian Oil Corporation has progressively improved its economic performance reporting practices, adhering to GRI standards. However, gaps remain, indicating scope for further adoption and compliance with integrated reporting frameworks.

Practical Implications: The findings underscore the need for organizations in environmentally sensitive sectors, such as oil and gas, to enhance transparency in both financial and non-financial disclosures. This can enable stakeholders to better evaluate the organization’s socioeconomic and sustainability contributions, fostering accountability and informed decision-making.

Originality/value: This study contributes to the limited literature on integrated reporting practices in emerging economies, particularly within the Indian energy sector. It offers pragmatic understanding into how a major public-sector enterprise navigates evolving stakeholder expectations, emphasising the growing relevance of non-financial disclosures alongside traditional financial metrics.

Paper type: Case Study