Accounting Forum 29 (2005) 395–413 Meanings of the term ‘sustainable development’ in Finnish corporate disclosures Matias Laine * Department of Economics and Accounting, University of Tampere, FIN-33014 Tampere, Finland Abstract There is an on-going discursive struggle over how the social and environmental problems related to modern societies should be understood and resolved. Sustainable development has become a pre- eminent concept in these discussions and businesses are increasingly employing the term in their communications. However, sustainable development means “different things to different people in different contexts” [Bebbington, J. (2001). Sustainable development: A review of the international development, business and accounting literature. Accounting Forum, 25(2), 128–157; see p. 129]. Thus, there have been recent calls in the literature to analyse what the companies are actually saying in their disclosures [Thomson, I., & Bebbington, J. (2005). Social and environmental reporting in the UK: A pedagogic evaluation. Critical Perspectives on Accounting; Kolk, A. (1999). Evaluating corporate environmental reporting. Business Strategy and the Environment, 8, 225–237]. Subscribing to the social construction of reality, this study critically assesses how the term ‘sustainable development’ is constructed in the disclosures of Finnish listed companies. Overall, in the disclosures, sustainable development is constructed as a win-win concept, which allows society to enjoy economic growth, environmental protection and social improvements with no trade-offs or radical restructurings in the social order. However, behind the usual business rhetoric, there is very little evidence of anyone actually walking this talk. Accordingly, this research calls for further discussion on companies’ role in achieving sustainable development and on the business interpretation of sustainable development in general. © 2005 Elsevier Ltd. All rights reserved. Keywords: Corporate disclosures; Sustainable development; Discourse analysis; Discursive struggle * Tel.: +358 40 5368 413. E-mail address: matias.laine@uta.fi. 0155-9982/$ – see front matter © 2005 Elsevier Ltd. All rights reserved. doi:10.1016/j.accfor.2005.04.001