Stakeholder engagement in the development of sustainability standards : evidence from EFRAG and ISSB comment letters

financial materiality and comparability. These differences are consistent with the contrasting institutional orientations of the two standard setters. Originality: This is the first large-scale comparative study of stakeholder engagement in EFRAG and ISSB consultations, integrating NLP techniques with established theoretical perspectives to show how institutional context shapes stakeholder discourse. Practical implications: The findings suggest that differences in institutional orientation influence the type of stakeholder input received during standard-setting processes. These insights are relevant to ongoing debates on interoperability between EFRAG and the ISSB, as understanding how institutional contexts shape stakeholder discourse may inform future coordination efforts. [Publisher's text]