Corporate sustainability has been a popular topic amongst organizations since the 90s, but now it’s even more in the spotlight due to the UN’s sustainable development goals/2030 Agenda. To keep track of the sustainability “issues,” a lot of different development measurement systems have been created, and companies use the Global Reporting Initiative to adopt those practices, report their results, coordinate ESG indicators, and others. This paper aims to understand the connection between material topics and companies’ sustainability reports based on stakeholders’ demands. The technique used is the systematic review and qualitative analysis (content analysis), with support from ATLAS.ti software. The results show how organizations use material themes to manage their stakeholders via analysis of sustainability reports. They also present a categorization of the central studies present in the literature.