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Статті в журналах з теми "Sustainability/Environmental Disclosure":
1
et al., Pereira. "Environmental sustainability disclosure and accounting conservatism." International Journal of ADVANCED AND APPLIED SCIENCES 8, no. 9 (September 2021): 63–74. http://dx.doi.org/10.21833/ijaas.2021.09.009.
Анотація:
In this article, we analyzed whether the level of accounting conservatism of a firm is affected by its environmental sustainability information disclosure. For that purpose, we developed two Environmental Disclosure Indices (EDI), one obtained from the mandatory reporting (annual report) and the other from the voluntary reporting (sustainability report), and compared the effects on conditional conservatism. Content analysis was used to develop two indices to evaluate the level of environmental disclosures. Moreover, the technique of multiple linear regression, using panel data, was applied to provide original empirical evidence for Portuguese companies listed on the stock exchange. We found evidence that higher environmental sustainability information disclosure enhances the conservative accounting practice, which is consistent with the argument that a higher level of Corporate Social Responsibility tends to increase financial statements transparency. In addition, we found that environmental information disclosed in specific and voluntary reporting has a superior impact on the level of conditional conservatism. These results showed that managers tend to engage in earnings management activities by being more accounting conservative in order to meet shareholders' expectations and disclose higher levels of environmental information. Therefore, this article brings some insights to the debate about the usefulness of accounting conservatism and the contribution of sustainability goals to monitor and guide managers’ activities.
2
D. Mchavi, Nyiko, and Collins C. Ngwakwe. "Relationship between environmental pressure and environmental disclosure in the sustainability reports of banks." Environmental Economics 8, no. 3 (October 11, 2017): 111–18. http://dx.doi.org/10.21511/ee.08(3-1).2017.03.
Анотація:
This research evaluates the role of environmental pressure on the extend of environmental disclosure of South African banks. Although much research on corporate sustainability disclosure exists, this research is unique since little of the previous research in South Africa has given a closer examination of environmental pressure implication on the banking sector environmental disclosure. Research data were collected from secondary source, which are available from the sustainability reports of the sample of banks. Data were arranged and analyzed by means of the panel data multiple regression. Findings from the analysis showed that none of the seven environmental pressure variables had a significant relationship with banks’ environmental disclosure, which confirms assertion in the literature that banks are not much concerned with environmental issues. In conclusion, the research made some recommendations, which include that future researchers should expand the number of banks by including other financial institutions. Additionally, more research should be conducted to ascertain why external pressure is not very effective in motivating banks’ environmental disclosure as found in this study. Hence, the suggested question for further research is “what motivates bank’s environmental disclosure” and “do banks internalize or externalize their environmental costs”.
3
Tadros, Hani, and Michel Magnan. "How does environmental performance map into environmental disclosure?" Sustainability Accounting, Management and Policy Journal 10, no. 1 (March 4, 2019): 62–96. http://dx.doi.org/10.1108/sampj-05-2018-0125.
Анотація:
Purpose Focusing on a sample of firms from environmentally sensitive industries over several years, this study aims to reexamine the association between environmental disclosure and environmental performance. Design/methodology/approach The authors use a panel data analysis to examine how the interaction between environmental performance and economic and legitimacy factors influence firms’ environmental disclosures. Findings Results suggest that environmental performance moderates the effect of economic and legitimacy incentives on firms’ propensity to provide proprietary environmental disclosure, with both sets of incentives being influential. More specifically, there appears to be a reporting bias based on the firm’s environmental performance whereas the high-performers disclose more environmental information in the three following vehicles: annual report, 10-K and sustainability reports combined. Results also show that economic and legitimacy factors influence the disclosure decisions of the low and high environmental performers differently. Practical implications Understanding the determinants of environmental disclosure for high and low environmental performers helps regulators to close the reporting gap between these firms. Social implications There is little evidence to suggest that firms with low-environmental performance attempt to use their disclosures to legitimize their environmental operations. Originality/value The study examines environmental disclosures of 78 firms over a period of 14 years in annual, 10-K and sustainability reports. The panel data analysis controls for significant cross-sectional and period effects.
4
Haladu, Alhassan, and Basariah Bt. Salim. "Sustainability Reporting by Firms in the Nigerian Economy: Social versus Environmental Disclosure." Journal of Accounting and Finance in Emerging Economies 3, no. 2 (June 30, 2017): 87–112. http://dx.doi.org/10.26710/jafee.v3i2.96.
Анотація:
Purpose: There is need for specialization on individual categories of sustainability information disclosure. An attempt has been made in this study to make a comparison between the environmental and social categories of sustainability disclosure.
Methodology: Guided by the G4 sustainability reporting guidelines, environmentally sensitive companies in the Nigerian economy were analyzed for 6 years (2009-2014). Separate assessments and comparisons were made between environmental reporting and social reporting on the impact, influence and significance of their relationships using Stata13SE analytical tool.
Findings: The results shows that firms performed better on social reporting than on environmental reporting in terms of higher sustainability disclosure rates and significant relationships.
Research Implications: The current trend of reporting sustainability information disclosure under both social and environmental reporting is encouraging considering the fact that disclosure on sustainability issues in Nigeria is voluntary.
Practical Implications: Firms in environmentally sensitive sectors are disclosing sustainability information than expected.
Originality/Value: The uniqueness in comparing sustainability disclosures between environmental information and social information.
5
Acar, Merve, and Hüseyin Temiz. "Empirical analysis on corporate environmental performance and environmental disclosure in an emerging market context." International Journal of Emerging Markets 15, no. 6 (March 19, 2020): 1061–82. http://dx.doi.org/10.1108/ijoem-04-2019-0255.
Анотація:
PurposeThe purpose of this study is to investigate the association between environmental performance of firms and the level of voluntary environmental disclosure in emerging markets.Design/methodology/approachWe used tobit regression OLS and t-test methods to reveal the association between environmental performance and the level of voluntary environmental disclosure.FindingsWe find a significant positive association between the level of discretionary environmental disclosures and corporate environmental performance. The result is in line with the arguments of economics disclosure theory that argues environmentally good performers disclose more.Practical implicationsMany of the environmentally good firms in Turkey are also listed in the “BIST Sustainability Index,” and this situation can be the result of the relative power of external regulations. Accordingly, it can be suggested to increase the community and governmental pressures for environmental reporting but also gives importance to increase intrinsic motivations for companies to engage in disclosure practices.Originality/valueThis study shed light on relation between environmental performance and environmental disclosure in an emerging market context. Also, it is revisited that the relation between environmental performance and the level of environmental disclosure by testing two different predictions on the level of environmental disclosures.
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Kuo, Lopin, and Hui-Cheng Yu. "Corporate political activity and environmental sustainability disclosure." Baltic Journal of Management 12, no. 3 (July 3, 2017): 348–67. http://dx.doi.org/10.1108/bjm-07-2016-0149.
Анотація:
Purpose Taking on a corporate political activity (CPA) perspective, the purpose of this paper is to investigate how CPA affects environmental sustainability disclosure among firms in China and whether the disclosure level varies across ownership structures and environmental sensitivity statuses. Design/methodology/approach The sample comprises 652 corporate social responsibility reports released by firms in China during 2008-2010. Data are coded through a content analysis procedure before being analyzed using regression analysis. Findings The authors find a significant and positive association between CPA and environmental sustainability disclosure. However, the effect of CPA on environmental sustainability disclosure is significantly negative among firms in the environmentally sensitive industries (ESIs) and privately owned enterprises (POEs). More specifically, a firm’s environmental disclosure level is lower when the proportion of board members with a significant status, such as party chief of the Communist Party, is higher among firms in ESIs and POEs. This implies that firms with guanxi (i.e. Chinese-specific CPA) are more likely to be free from trouble. Originality/value This empirical study offers important evidence on the fulfillment of environmental sustainability policies and the effectiveness of regulatory controls that China has used in the development toward a low-carbon economy.
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Ong, Tricia, Terri Trireksani, and Hadrian Geri Djajadikerta. "Hard and soft sustainability disclosures: Australia’s resources industry." Accounting Research Journal 29, no. 2 (July 4, 2016): 198–217. http://dx.doi.org/10.1108/arj-03-2015-0030.
Анотація:
Purpose Although studies in corporate sustainability have been vastly growing, there has been an increasing demand for more industry-specific sustainability reporting studies to develop a greater understanding of industry differences in sustainability reporting practice. This study aims to measure the quality of sustainability disclosures in the current leading environmentally sensitive industry in Australia – the resources industry. Design/methodology/approach A scoring index was developed to measure economic, social and environmental aspects of sustainability by integrating the fundamental principles of the hard and soft disclosure items from Clarkson et al.’s (2008) environmental index into the social and economic aspects of the Global Reporting Initiative framework. Subsequently, the index was used to assess sustainability disclosures in the annual and sustainability reports of resources companies in Australia. Findings The main findings show that companies report more of soft disclosure items than the hard ones. It is also found that companies report most sustainability information in the economic aspect rather than the social and the environmental aspects of sustainability. Most companies disclose sustainability information in their annual reports with few companies producing stand-alone sustainability reports. Originality/value This study addresses the need for more industry-specific sustainability studies by focusing on Australia’s resources industry. It also contributes to the lack of an existing tool to measure disclosures based on companies’ true contributions to sustainability by developing a new scoring index for hard and soft sustainability disclosures, which includes all three aspects of sustainability (i.e. economic, environmental and social).
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Czernkowski, Robert, Stephen Kean, and Stephen Lim. "Impact of ASX corporate governance guidelines on sustainability reporting." Accounting Research Journal 32, no. 4 (November 4, 2019): 692–724. http://dx.doi.org/10.1108/arj-07-2017-0122.
Анотація:
Purpose This paper aims to examine the impact of the Australian Securities Exchange Corporate Governance recommendations on the breadth (amount of items covered) of (environmental and social) sustainability reporting by the firms in the Top 100, around the change from G3.1 to G4 disclosure regimes. Design/methodology/approach This paper undertakes comparisons of means and regression models to investigate the changes between disclosure scores of 98 listed entities from the 2013 G3.1 to the 2015 G4 disclosure regimes. Findings This paper finds that average disclosure levels did not change. Nonetheless, disclosure practices did vary by entity size and performance. Analysis of 2015 disclosures contingent on 2013 disclosure practice indicates that disclosure changes are consistent with a pattern of mean reversion. Practical implications Evidence that low disclosers increased disclosure and high disclosers reduced disclosers is consistent with the idea that sustainability disclosure is not so much driven by any ethical considerations, but rather by a desire to not be a disclosure outlier. Reliance on voluntary disclosure to achieve a socially desired level of disclosure is unlikely to bear fruit. Originality/value This paper contributes to the literature on sustainability by examining firm responses to change in disclosure regimes, and concluding that size and peer relativities drive the disclosure process.
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Argento, Daniela, Giuseppe Grossi, Kamilla Persson, and Theres Vingren. "Sustainability disclosures of hybrid organizations: Swedish state-owned enterprises." Meditari Accountancy Research 27, no. 4 (August 5, 2019): 505–33. http://dx.doi.org/10.1108/medar-07-2018-0362.
Анотація:
Purpose The purpose of this paper is to explore the content of the sustainability reports of state-owned enterprises (SOEs) and the factors influencing the sustainability information they disclose. Design/methodology/approach Drawing upon the literature on sustainability disclosure, institutional logics and hybrid organizations, several hypotheses were deduced. By means of a quantitative content analysis, the sustainability disclosure index of 45 Swedish SOEs was calculated. Statistical analyses were conducted to test which variables affected the sustainability disclosures of the selected SOEs. Findings The findings reveal that only state ownership and corporate size significantly affect SOEs’ sustainability disclosures. Fully state-owned SOEs disclose less sustainability information than partially state-owned SOEs. Large SOEs disclose more sustainability information than small SOEs. However, there are weak indications that having a public policy assignment (PPA) (activity) negatively influences environmental sustainability disclosures, and that having a majority of female directors on the board decreases the total sustainability information disclosed. In addition, the statistical analyses show that having state representatives on the board and being profitable may positively affect the disclosures. Originality/value Accountability is particularly important in SOEs, and their complex hybrid nature has an impact on sustainability disclosures in a surprising way. State ownership and control do not necessarily imply an increased amount of sustainability disclosure.
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Dobler, Michael, Kaouthar Lajili, and Daniel Zéghal. "Corporate environmental sustainability disclosures and environmental risk." Journal of Accounting & Organizational Change 11, no. 3 (September 7, 2015): 301–32. http://dx.doi.org/10.1108/jaoc-10-2013-0081.
Анотація:
Purpose – This paper aims to propose and apply a novel risk-based approach to explore whether socio-political theories explain the level of corporate environmental disclosures given inconclusive evidence on the relation between environmental disclosure and environmental performance. Design/methodology/approach – Based on content analysis of corporate risk reporting, the paper develops measures of environmental risk to proxy for a firm’s exposure to public pressure in regard to environmental concerns that should be positively associated with the level of corporate environmental disclosures according to socio-political theories. Multiple regressions are used to test the predictions of socio-political theories for US Standards and Poor’s 500 constituents from polluting sectors. Findings – The level of environmental disclosures is found to be positively associated with a firm’s environmental risk while unrelated to its environmental performance. The findings suggest that firms tend to provide higher levels of environmental disclosures in response to greater exposure to public pressure as depicted by broad environmental indicators. The results are robust to alternative measures of environmental disclosures, environmental risk and environmental performance, alternative specifications of the economic model and additional sensitivity checks. Research limitations/implications – This study is limited to US firms in polluting sectors. The risk-based approach proposed may not be appropriate to cover sectors where corporate risk reporting is less likely to address environmental risk, but it could potentially be adopted in other countries with advanced risk reporting regulation or practice. Practical implications – Findings are important to understand a firm’s incentives to disclose environmental information. Cross-sectional differences found in environmental disclosures, risk and performance, highlight the importance of considering industry affiliation when analyzing environmental data. Originality/value – This paper is the first to use firm-level environmental risk variables to explain the level of corporate environmental disclosures. The risk-based approach taken suggests opportunities for research at the multi-country level and in countries where corporate environmental performance data are not publicly available.
Дисертації з теми "Sustainability/Environmental Disclosure":
1
Papoutsi, A. "An exploration of the disclosure of practices for environmental and social sustainability in sustainability reports." Thesis, City, University of London, 2018. http://openaccess.city.ac.uk/19260/.
Анотація:
This dissertation explores the value of disclosure in sustainability reports. Sustainability reports are part of the information provided publicly by companies and may reveal information about the type of sustainability practices adopted by the company and extent of implementation. To this end, we explore (1) developed constructs using sustainability reporting, and (2) consistency with established sustainability performance measures. Till now, limited research has been conducted pertaining to the specific operational practices that companies are reporting on for the sake of developing a new measure of social and environmental sustainability out of them. Finally, (3) using the proposed measure, we explore links to financial performance and firm size. To meet these three research objectives, we first synthesize and obtain from the literature and relevant guidelines a list of operational practices for environmental and social sustainability. Next, content analysis of 331 sustainability reports is implemented. In particular, scoring is carried out on the identified environmental and social practices to see which of those are prioritized in companies’ sustainability reports. Based on the prevailing practices, we develop two constructs for social sustainability and three constructs for environmental sustainability. These constructs allow us to identify ‘leader’ and ‘laggard’ companies in four industrial sectors for comparison and provide illustrative text from their sustainability reports to demonstrate our scoring methodology. Second, we check consistency of our developed measure with existing measures of sustainability that are considered valuable. Specifically, we correlate our measure with Dow Jones Sustainability Index and Environmental Social and Governance data and find that all three measures are positively and significantly correlated with each other at the same level. Given the consistency between the three measures, we argue that our measure for sustainability performance is valuable and thus sustainability reporting appears to have some value. Finally, we explore the link between our developed measure with financial performance and firm size. Existing literature has extensively studied this relationship using established measures of sustainability performance, thus the results remain inconclusive. We revisit this relation by investigating whether our developed measure can shed light on that relationship. Structural equation modeling is performed, which indicates that there is not a significant relationship between our developed measure and financial performance, at least in the short term, as is consistent with similar research using ESG or other established measures. Thus, some aspects of sustainability but not all appear to be positively linked to financial performance. Also, to account for the industry effect, we are performing cluster analysis in four industrial sectors and identify upper and lower clusters, based on companies’ total sustainability disclosure score. Our analysis indicates sector specificity as regards the relationship between sustainability disclosure and financial performance based on the proposed instrument. Also, size expressed by revenues does not affect the measure we developed, as suggested by some of the literature.
2
Omoloso, Oluwaseyi, W. R. Wise, Kathleen Mortimer, and L. Jraisat. "Sustainability Disclosure in the Leather Industry - 166: A Content Analysis of Selected Sustainability Reports." Verein für Gerberei-Chemie und -Technik e. V, 2019. https://slub.qucosa.de/id/qucosa%3A34131.
Анотація:
Content:
In today’s business environment, organisations are increasingly reporting their sustainability credentials through different channels. However, in a traditional industry with a complex supply chain as leather, many companies do not publicly disclose details of their sustainability activities, while a considerable number of companies report on the environmental sustainability aspect alone. Hence, this study identifies good practices of sustainability reporting, discussing the sustainability information extracted from the reports of a selected number of companies in the leather industry.
A thematic content analysis was used to extract sustainability information from either the website, annual report, sustainability report or corporate social responsibility report of six leather companies. A review of existing literature assisted in categorising different practices under the three sustainability dimensions while a highlight of patterns among practices followed.
The results show that the companies are observing a good practice of either dedicating a section of their website to revealing their sustainability activities or utilising their sustainability reports. Additionally, these companies follow a good practice of reporting their activities based on the economic, social and environmental sustainability dimensions, rather than focusing on just one of the aspects. Amongst the six companies, energy efficiency and reduction in greenhouse gases emission were the most occurring environmental sustainability practices. On the other hand, health and safety occurred as the dominant social sustainability practice of the leather industry, while economic sustainability practices have not been well defined, providing an opportunity for future research.
Conclusively, the study provides a useful resource for managers and companies in the leather industry to learn from brands that have been embarking on sustainability efforts and assist them in getting a grasp of the concept, in readiness for strategy formulation, implementation and reporting. This study provides knowledge of the sustainability criteria to be met by small, medium sized and large leather supply chain actors on their sustainability journey.
Take-Away:
1. The companies are observing a good practice of either dedicating a section of their website to revealing their sustainability activities or utilising their sustainability reports.
2. The companies also follow a good practice of reporting their activities based on the economic, social and environmental sustainability dimensions, rather than focusing on just one of the aspects.
3. Energy efficiency and reduction in greenhouse gases emission were the most popular environmental sustainability practices, health and safety was the dominant social sustainability practice while economic sustainability practices have not been well defined.
3
Hui, Wing-chi, and 許榮枝. "Corporate sustainability and environmental reporting in Hong Kong: current status and future prospects." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2004. http://hub.hku.hk/bib/B31255851.
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Tuck-Riggs, Carol Anne. "Financial Statement Disclosure of Carbon Footprint Costs in the Airline Industry." ScholarWorks, 2015. https://scholarworks.waldenu.edu/dissertations/245.
Анотація:
Unaccountable corporate polluters profit short term at the expense of global economic sustainability. The purpose of the study was to determine if carbon dioxide (CO2) penalties on the airline emissions would result in financial statement disclosure and emission mitigation. Contributing to environmental accounting, the study was based in corporate social responsibility with a conceptual framework based on economically-centered CO2 studies. A random sample of 69 global airlines, taken from the International Air Transport Association (IATA) and the International Civil Aviation Organization (ICAO) memberships, was stratified between EU bound and non-EU bound airlines. The research questions explored (a) the frequency mean differences in disclosed CO2 costs between the strata based upon the European Union's environmental trading scheme (EU-ETS) and (b) whether international financial reporting standards (IFRS) influenced the financial statement reporting of CO2 emissions costs. Financial statement data were analyzed in a 3-year longitudinal, ex-post, quasi-experimental, repeated measures factorial ANOVA and ANCOVA, pretest-posttest control group design. The results showed significant CO2 disclosure differences between the experimental (EU bound) airlines and control group (non-EU) airlines and for those airlines with IFRS prepared statements. These results should convince accounting practitioners that the quantification and reporting of greenhouse gas pollution can become the catalyst for improved operations and commercial sustainability. Positive social change to mitigate anthropogenic pollution should result and should promote normative accounting practice to hold those responsible to a higher global accountability.
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Nakabiito, Suzan, and Deka Udechukwu. "Factors influencing the degree of disclosure in sustainability reporting : A study of Swedish companies using the GRI reporting guidelines." Thesis, Linköping University, Department of Management and Engineering, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-10648.
Анотація:
Background: Companies today are under increasing pressure from their stakeholders to become more and more transparent regarding the way they deal with the impact on the environment and the communities where they operate in. This type of information is mainly provided by means of sustainability reports. Several guidelines have been developed to aid report makers on the way. Currently however these sustainability reports still differ widely in the quantity of information provided which makes them difficult to compare and it is therefore important to understand the factors that can influence the amount of information being published.
Purpose: The purpose of this study is to identify the factors having an impact on the amount of sustainability information published by Swedish companies using the guidelines developed by the Global Reporting Initiative (GRI).
Method: Telephone interviews were conducted with eleven of the twenty-three Swedish companies listed in the GRI register in order to get their point of view regarding these factors.
Results: The study identified that the willingness to communicate with more than one stakeholder group is the most important factor that can influence the amount of information disclosed in sustainability reports. The authors also argue that a proactive attitude towards identifying legitimation strategies instead of an adaptive approach can also influence the degree of disclosure. Finally, a positive attitude towards the GRI guidelines may also contribute to producing a more detailed report.
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Whitelock, Vincent George Ph D. "Relationship between Environmental Social Governance (ESG) Management and Performance – The Role of Collaboration in the Supply Chain." University of Toledo / OhioLINK, 2015. http://rave.ohiolink.edu/etdc/view?acc_num=toledo1450087632.
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Rover, Suliani. "Disclosure socioambiental e custo de capital próprio de companhias abertas no Brasil." Universidade de São Paulo, 2013. http://www.teses.usp.br/teses/disponiveis/12/12136/tde-15042013-133514/.
Анотація:
O objetivo do trabalho é investigar a relação entre o disclosure voluntário socioambiental e o custo de capital próprio de companhias abertas no Brasil. Com base na Teoria da Divulgação Voluntária, espera-se uma relação negativa entre o disclosure socioambiental e o custo de capital próprio. Para tanto, selecionou-se as 91 empresas que compõem o Índice Brasil (IBrX), consideradas como as mais negociadas na Bolsa de Valores de São Paulo (BOVESPA). A pesquisa é composta por dois períodos de análise. O primeiro compreende os anos de 2001 a 2010 e foi utilizado na análise para verificar a relação entre a publicação do Relatório de Sustentabilidade e o custo de capital próprio, enquanto o segundo período, de 2008 a 2010, se constitui na base de análise para examinar a relação entre o disclosure socioambiental e o custo de capital próprio. A métrica de disclosure voluntário socioambiental foi elaborada a partir de 20 pesquisas, na qual resultou em 80 subcategorias, sendo 40 referentes à divulgação social e 40 relacionadas ao meio ambiente. Por meio da análise de conteúdo de 272 Demonstrações Financeiras e de 178 Relatórios de Sustentabilidade, mensurou-se o nível de disclosure socioambiental das empresas. O custo de capital próprio foi estimado por uma abordagem ex ante mediante a utilização dos modelos de Claus e Thomas (2001), Ohlson e Juettner-Nauroth (2005) e Easton (2004), sendo utilizada nos modelos a média das três estimativas. No período de 2001 a 2010, considerando as 91 empresas analisadas na pesquisa, foram publicados 420 Relatórios de Sustentabilidade, sendo que 45% seguiram as orientações da GRI para sua elaboração. Os resultados obtidos com a regressão em painel logística mostraram que o início da publicação do Relatório de Sustentabilidade está relacionado com um alto custo de capital próprio do ano anterior. Constatou-se a partir da análise de dados em painel que o custo de capital próprio diminui após a divulgação do Relatório de Sustentabilidade elaborado de acordo com as diretrizes GRI. Apesar de o nível de disclosure voluntário socioambiental não possuir relação negativa com o custo de capital próprio, verificou-se que o conteúdo da evidenciação pode influenciar de maneira distinta o custo de capital próprio, uma vez que se constatou uma relação positiva entre o disclosure socioambiental desfavorável e o custo de capital próprio. Os resultados alcançados, no geral, indicam que o disclosure socioambiental impacta de maneira marginal o custo de capital próprio das empresas brasileiras, uma vez que sua influência pode ser verificada apenas com a divulgação do Relatório de Sustentabilidade elaborado de acordo com as diretrizes GRI e com o disclosure socioambiental desfavorável.The aim of this research is to investigate the relationship between voluntary social and environmental disclosure and cost of equity capital of Brazilian public companies. Based on the Theory of Voluntary Disclosure, one expects a negative link between corporate social and environment voluntary disclosure and the cost of equity capital. To this end, we selected the 91 companies in the Brazil Index (IBrX), regarded as the most traded on the São Paulo Stock Exchange (BOVESPA). The time sample consists of two periods. The first covers the years 2001 to 2010 and was considered to verify the relationship between the publication of the Sustainability Report and the cost of capital, while in the second period, from 2008 to 2010, is the basis of analysis to examine the relationship between environmental disclosure and cost of equity capital is examined. The metric of environmental voluntary disclosure was formulated based on 20 previous researches, and resulted in 80 subcategories, of which 40 related to social disclosure and 40 related to the environment. By applying content analysis on 272 Financial Statements and 178 Sustainability Reports, the level of the companies\' social and environmental disclosure was measured. The cost of equity capital was estimated by ex ante approaches, using the existing models of Claus and Thomas (2001), Ohlson Juettner-Nauroth (2005) and Easton (2004). After these estimations, the average of the three estimates was used. From 2001 to 2010, considering the 91 companies analyzed in the study, 420 Sustainability Reports were published, and 45% of them applied the guidelines and standards of the GRI. Results obtained with the logistic panel regression showed that the beginning of the publication of the Sustainability Report is related to a high cost of equity capital in the previous year. It was found from the analysis of panel data that the cost of equity capital decreases after disclosing Sustainability Report prepared in accordance with the GRI guidelines. Although the level of voluntary environmental disclosure does not have a negative relationship with the cost of equity capital, it was found that the contents of the disclosure may influence differently the cost of capital, since it was found a positive relationship between unfavorable social and environmental disclosure and cost of equity capital. The results indicate that the impact of social and environmental disclosure on the cost of capital of Brazilian companies is marginal, because their influence can only be verified on the publication of the Sustainability Report prepared in accordance with the GRI guidelines and the unfavorable social and environmental disclosure.
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Westerlund, Daniela. "The Adherence Level of Sustainability Disclosures and Firm Value : Empirical Study on the Impact of GRI Report’s Adherence Level in regard to Firm Value in the Manufacturing Industry in Europe." Thesis, Jönköping University, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-52693.
Анотація:
Background: Sustainability reporting has become increasingly important for firms that want to appease their stakeholders and the society, whilst possibly increasing the corporate financial performance (CFP) of the firm. This is because sustainability disclosures currently work as the main channel for firms to inform their stakeholders of the CSR practices and environmental management carried out by the company. However, there have been various previous studies that examine the relation between corporate social performance (CSP) or the reported CSP, and CFP but not a study that would focus on GRI’s adherence level and its effect on Firm value (FV). The adherence level in the context of a GRI Report refers to the extent to which the GRI Sustainability Reporting Framework and GRI Standards have been applied to a company’s sustainability report (Global Reporting Initiative, n.d.). This study intends to examine if stakeholders can be affected by a sustainability report’s adherence ranking made by GRI, although there necessarily would not be a clear connection to a company’s actual environmental performance. Purpose: The purpose of this study is to find out if the adherence level affects a firm’s value and how, although this classification of reports would not say anything about a company’s level of sustainability or a company’s sustainability performance. In short, the study wants to examine if stakeholders or the society surrounding a company are affected by the adherence level of a company’s GRI reporting and if this then can affect the value of the organization in any way. Aim: The aim of this research is to encourage organizations to become more transparent or elaborate regarding their sustainability practices if any significance between the adherence level and the FV can be found. Method: This study was conducted by examining 98 European manufacturing firms’ GRI adherence levels for the years 2017 to 2019 and comparing them to respective Firm Values (Tobin’s Q) by the usage of panel data regression analysis. Conclusion: The results show that no significant relationship between the GRI adherence level and FV can be found in the European manufacturing industry for the period 2017 to 2019.
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Santos, Cristina Barbosa dos. "Contabilidade Ambiental : Impacto das directrizes recomendadas pelo ISAR e GRI no sector de papel e celulose das empresas brasileiras. Uma contribuição para proposta de um modelo unificado de Evidenciação da Informação Ambiental." Master's thesis, Instituto Superior de Economia e Gestão, 2011. http://hdl.handle.net/10400.5/3369.
Анотація:
Mestrado em Contabilidade, Fiscalidade e Finanças EmpresariaisEste projecto de investigação surgiu da consciencialização dos problemas ambientais que o mundo de hoje enfrenta. Perante este cenário, as empresas devem tomar decisões correctas quanto à relação existente entre meio ambiente e o meio empresarial. Elas necessitam de informações confiáveis e claras acerca das perdas que as suas actividades provocam no meio ambiente, identificando e descrevendo os custos e ganhos ambientais associados. Numa primeira instância, a presente investigação pretende verificar o nível de aplicação das directrizes recomendadas pelo Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR, 1998) e pelo Global Reporting Iniciative (GRI, 3° versão 2000-2007) através da evidenciação de informações sobre o meio ambiente nos relatórios anuais das dez maiores companhias brasileiras do sector de papel e celulose, no ano de 2009. O segundo objectivo é propor uma estrutura de evidenciação da informação ambiental, tendo como base as directrizes submencionadas. Tentando responder as exigências do mercado e das empresas. Conclui-se que o conjunto de directrizes com melhores práticas de divulgação de informação ambiental é o GRI, sendo que foi utilizado, parcialmente, por todas as empresas incluídas na amostra. Em concomitância, conclui-se que há um predomínio da divulgação de informações qualitativas.
This research project arose from the awareness of environmental problems the world faces today. Given this scenario, companies should make correct decisions regarding the relationship between environment and business environment. They need clear and reliable information about the losses that their actions cause to the environment, identifying and describing the costs and associated environmental gains. In the first instance, this research intends to investigate the level of implementation of the guidelines recommended by the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR, 1998) and the Global Reporting Initiative (GRI, 3rd version from 2000 to 2007) by disclosure of information about the environment in the annual reports of the ten largest Brazilian companies in the pulp and paper sector in the year 2009. The second objective is to propose a framework of disclosure of environmental information, based on the undermentioned guidelines. Trying to meet market demands and business. It follows that the set of guidelines with best practices for dissemination of environmental information is the GRI, and it was used, in part, by all companies in the sample. Concurrently, we conclude that there is a predominance of the disclosure of qualitative information.
10
Mbana, Noxolo Patricia. "Sustainability reporting as a reflection of sustainability performance." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/22766.
Анотація:
The major themes of the research are how well sustainability reporting reflects sustainability performance and 13 companies were assessed over three years on their sustainability reporting as reflected in their sustainability reports as well as 10 in-depth interviews. For both positive and negative reasons the reports are not always a fare reflection of sustainability performance and those companies well-endowed with accolades in sustainability reporting are not necessarily leaders in performance.Dissertation (MBA)--University of Pretoria, 2012.
Gordon Institute of Business Science (GIBS)
unrestricted
Книги з теми "Sustainability/Environmental Disclosure":
1
Jaggi, Bikki, and Marty Freedman. Sustainability, Environmental Performance and Disclosures. Emerald Publishing Limited, 2010.
2
Jaggi, Bikki, and Marty Freedman. Sustainability, Environmental Performance and Disclosures. Emerald Publishing Limited, 2010.
3
Freedman, Martin, and Bikki Jaggi, eds. Sustainability, Environmental Performance and Disclosures. Emerald Group Publishing Limited, 2009. http://dx.doi.org/10.1108/s1479-3598(2009)4.
4
Silva, Sergio Mendonça da, Sílvio Parodi Oliveira Camilo, Cristina Keiko Yamaguchi, and Miguelangelo Gianezini. Indutores de políticas, programas e práticas socioambientais: análise das distribuidoras de energia elétrica do sul do Brasil. Brazil Publishing, 2021. http://dx.doi.org/10.31012/978-65-5861-420-3.
Анотація:
This study investigates determinants of socio-environmental practices, (mandatory and voluntary), as evidenced in southern Brazil’s electric energy distribution companies. It seeks to understand this phenomenon with interdisciplinary protection through theoretical constructs of Social Responsibility, Environmental Management, Evidence, Legitimacy, Reputation, and Institutional. This integration contributes to understanding the reasons why companies undertake and evidence their socio- -environmental practices to external audiences. The literature suggests that socio-environmental practices are explained by various reasons, such as: enforced by legal impositions and/or voluntariness, to strengthen legitimacy, maintain and develop a reputation, and by isomorphism of the competitive operating environment. Given the above, the objective of this work is to investigate factors that determine the disclosure of socio-environmental practices in electricity distribution companies in the south of Brazil. In the methodological aspects, a qualitative approach was used, with descriptive and exploratory objectives. As a research strategy, a multichannel study was applied through two electricity distribution companies in the south of the country, CELESC Distribuição S.A. (Centrais Elétricas de Santa Catarina) and COPEL Distribuição S.A. (Companhia Paranaense de Energia). Data collection took place in two stages, the first one with a search on documentary, physical and virtual basis, and the second stage using a semi-structured interview with professionals from the Social and Environmental Responsibility area of each of the companies surveyed. The information collected was related to the period of 2014, 2015, and 2016. The results showed that the Annual Reports, service stations, and participation in external events constitute the primary means and channels of evidence of socio-environmental practices. There was a greater tendency to develop social practices. However, there are programs focused on climate change, conscious consumption and electricity saving, social inclusion, recovery of citizenship, and people’s quality of life. The COPEL company presented a tendency to evidence voluntary practices with more intensity, also showing consistency and maintenance of the programs during the studied period. Regarding corporate and sustainability policies, it was noted that companies adopt very similar strategies. It is concluded that the age, size, and corporate reputation of companies are the main determinants of socio-environmental practices, highlighting the presence of mimetic isomorphism characterized by the use of the same types of means and channels of evidence and by the symmetry of practices and policies developed by companies CELESC and COPEL.
Частини книг з теми "Sustainability/Environmental Disclosure":
1
Ghosh, Sumona. "A Study of Environmental Disclosure Practices in India with an Emphasis on the Mining Sector." In Go Green for Environmental Sustainability, 175–98. First edition. | Boca Raton : CRC Press, 2021.: CRC Press, 2021. http://dx.doi.org/10.1201/9781003055020-13.
2
Constantin, Dana Maria (Oprea), Dan Ioan Topor, Sorinel Căpușneanu, and Alexandru Lucian Manole. "Sustainability Reporting." In Management Accounting Standards for Sustainable Business Practices, 92–117. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-0178-8.ch005.
Анотація:
This chapter presents, in a descriptive manner, the interrelation of the sustainability reporting concepts and the sustainability disclosure through internal and external stakeholders. The main objectives of this chapter are approaching the disclosure of environmental information, presenting the views of the stakeholders on the content and format of environmental reporting. The factors underlying the disclosure of the environmental information and the impact of these, including the views stakeholders on the content and presentation format of the environmental reporting, are presented and analyzed. A case study is also presented in order to highlight the disclosure and presentation of the environmental report of an industrial entity and the importance of the accounting information provided. This chapter brings a theoretical contribution to expand the knowledge on the environmental disclosure and reporting approaches. The authors' approaches remain open to the expansion of these issues at both national and international level and both in the academia and business area.
3
Costa, Massimo, and Giuseppe Valenza. "Integrated Sustainability Reports." In Sustainable Entrepreneurship and Investments in the Green Economy, 63–99. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-2075-7.ch003.
Анотація:
Disclosure of corporate social and environmental sustainability, resumed in ‘sustainability reports', have occupied most of the attention of accounting thought and practice over the last few decades. Evaluation of ecological footprint and social sensitiveness is becoming relevant also for the investors. The chapter presents institutional disclosure concerning social, environmental, and integrated (financial, social and environmental) issues in a threefold perspective. The first is a historical one: after some definitions the birth and development of sustainability reports are presented to the reader. The second is a theoretical one: a paradigm or framework is developed for including what various experiences and literature have supplied until nowadays. The third is an empirical one presenting the main sustainability scoring criteria mostly used today, and an empirical survey on the car industry. Some concluding notes follow from the comparison of the aforementioned perspectives.
4
Costa, Massimo, and Giuseppe Valenza. "Integrated Sustainability Reports." In Foreign Direct Investments, 1886–914. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-2448-0.ch085.
Анотація:
Disclosure of corporate social and environmental sustainability, resumed in ‘sustainability reports', have occupied most of the attention of accounting thought and practice over the last few decades. Evaluation of ecological footprint and social sensitiveness is becoming relevant also for the investors. The chapter presents institutional disclosure concerning social, environmental, and integrated (financial, social and environmental) issues in a threefold perspective. The first is a historical one: after some definitions the birth and development of sustainability reports are presented to the reader. The second is a theoretical one: a paradigm or framework is developed for including what various experiences and literature have supplied until nowadays. The third is an empirical one presenting the main sustainability scoring criteria mostly used today, and an empirical survey on the car industry. Some concluding notes follow from the comparison of the aforementioned perspectives.
5
Helfaya, Akrum, and Amr Kotb. "Environmental Reporting Quality." In Practice, Progress, and Proficiency in Sustainability, 625–54. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-5225-0440-5.ch027.
Анотація:
The ultimate question of most business practitioners and policy makers now is how to reduce corporate negative environmental performance. One of the most effective ways is to help corporations to set the Key Performance Indicators (KPIs) of their sustainability performance and to report these KPIs to their stakeholders using corporate reporting cycle. To improve the environmental reporting quality, companies generally adopt and follow widely recognized reporting guidelines and third-party assurance standards, thus improving their environmental disclosure quality and trustworthiness in minds of their stakeholders. Over the last two decades a number of global initiatives (e.g. GRI, ISO, DEFRA, AA1000 APS, and ISAE 3000) have been developed for use in sustainability reporting. This chapter, therefore, aims to shed light on these credibility initiatives developed by governmental and non-governmental bodies to improve the quality of environmental reporting and to see the extent to which these credibility initiatives are different or similar.
6
Özcan, İsmail Çağrı. "Environmental, Social, and Governance Disclosure and Financial Performance." In Sustainability Reporting, Ethics, and Strategic Management Strategies for Modern Organizations, 244–53. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4637-6.ch015.
Анотація:
The environmental, social, and governance (ESG) disclosure performance of the companies is becoming a major criterion for significant stakeholders like shareholders, creditors, and customers. In line with the increasing interest in ESG activities, a growing respective literature emerges. Despite this evolving attraction, the ESG aspects of the transport industry in general, and the rail industry in particular remain relatively untouched except for a small body of research on airlines. This study aims at filling this gap by analyzing how the ESG disclosure performance of the rail companies affect their financial performance, which the authors measure by return on assets (ROA), return on equity (ROE), and Tobin's Q. Based on a sample of 35 rail companies from nine countries over the 2007-2017 period, the analyses show that ESG disclosure performance has a positive and statistically significant association with the ROA of the rail companies.
7
DANASTAS, LAUREN, and DAVID GADENNE. "SOCIAL AND ENVIRONMENTAL NGOs AS USERS OF CORPORATE SOCIAL DISCLOSURE." In Tools, Techniques and Approaches for Sustainability, 317–34. WORLD SCIENTIFIC, 2009. http://dx.doi.org/10.1142/9789814289696_0015.
8
Ates, Sinem. "The Country-Level Determinants of Sustainability Reporting in Emerging Markets." In Financial Management and Risk Analysis Strategies for Business Sustainability, 173–93. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-7634-2.ch009.
Анотація:
This chapter examines the role of the institutional environment in the adoption of GRI-based sustainability reporting in emerging markets. Panel data analysis of the relevant data of firms from 20 emerging markets provides evidence that environmental, social, and governance performance, financial structure, and cultural dimensions are the institutional drivers of corporate social responsibility disclosure which was measured by publishing a GRI-based sustainability report. Overall findings of the study show that strategic decisions regarding CSR disclosure of companies are shaped by the institutional context in which they operate.
9
Villiers, Charlotte, and Georgina Tsagas. "Accounting for Climate Change: Rethinking the Chaotic Corporate Reporting Landscape and Its Purpose, with the UK’s Failure as a Case Study." In Legal Perspectives on Sustainability, 69–100. Policy Press, 2020. http://dx.doi.org/10.1332/policypress/9781529201000.003.0004.
Анотація:
The chapter considers whether company law and corporate governance-related initiatives provide effective mechanisms for holding corporations to account for their contribution to climate change. A key regulatory device targeted at corporations is disclosure, the goal of which, in this context, is to achieve greater transparency regarding the risks and opportunities connected to climate change. The chapter explores to what extent climate change-related reporting contributes to the efforts towards reducing global warming. It is argued that there are a number of significant problems with climate-related reporting in its current state, in so far as there are many different requirements, including standards, codes, guidelines, at industry or sector level as well as at national and international levels; all these combined create a chaotic reporting landscape. Moreover, there is no meaningful link between the disclosures required under company law and initiatives within the area of environmental protection; hence it becomes difficult to identify clearly what the key reporting information is and what the responses and possible legal consequences of any such disclosures should be. Consequently, corporations’ accountability for their contribution to climate change is open to question.
10
"Treading Lightly." In The Virtues of Sustainability, edited by Jason Kawall, 212–33. Oxford University Press, 2021. http://dx.doi.org/10.1093/oso/9780190919818.003.0009.
Анотація:
This chapter casts conscientiousness as a virtue that is concerned with monitoring one’s impacts upon the world, from attending to and seeking to minimize the embedded carbon or virtual water in consumption activities to the awareness of and concern for one’s relationships with others that share our physical environment. In this respect, to be conscientious is to seek to minimize negative impacts on the environment but also to work positively to ensure that environmental quality is maintained and accessible, and to practice a form of citizenship in working with others to do the same. It is a virtue that, as Aldo Leopold noticed, is threatened by technologies and physical distance that separate modern humans from the land and its productive capacities, but may be enhanced by disclosure and transparency efforts that are assisted by information technology, which can increase cognitive awareness of our dependence and impacts upon our environment.
Тези доповідей конференцій з теми "Sustainability/Environmental Disclosure":
1
Harmoni, Ati. "Stakeholder-Based Analysis of Sustainability Report: A Case Study on Mining Companies in Indonesia." In International Conference on Eurasian Economies. Eurasian Economists Association, 2013. http://dx.doi.org/10.36880/c04.00704.
Анотація:
This paper reviews the experience of the mining companie in Indonesia that publish a sustainability report. By doing such exploratory research, the study aims to contribute to the development of country-specific descriptive non financial disclosure theory by establishing a benchmark understanding of how company interpret their responsible relationship with stakeholders. Based on content analysis of the annual sustainability report, this paper provide a description of current practices current prioritization in terms of social, environmental, and sustainability disclosure themes. The results show that Indonesian mining companies share a wide range of disclosure themes in order to support relationships with their stakeholders.
2
Marsdenia. "The Digital Role in Environmental Sustainability: Corporate Social Responsibility Disclosure Performance and Quality of Earnings." In 3rd International Conference on Vocational Higher Education (ICVHE 2018). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/assehr.k.200331.134.
3
Lupu, Aurel, and Raluca Ivan. "Non-Financial Reporting In Emerging Economies Central and South-East Europe." In 2nd International Conference Global Ethics - Key of Sustainability (GEKoS). LUMEN Publishing House, 2021. http://dx.doi.org/10.18662/lumproc/gekos2021/8.
Анотація:
The research currently presented is related to non-financial reporting and the prevailing reporting practices employed by enterprises posing risks to the environment. The worldwide economy is in a continuous change and the companies must face all the new challenges to assure a good development of their business. One of the most pressing challenge is related to the reporting of information in an integrate form. It is considered that the traditional model of financial reporting does not represent a comprehensive image to assess the previous and future performance of a company. According to the Directive 2014/95/EU regulations, reporting of non-financial information encompasses three major areas: environmental, social, and labour. Each is equally important, though environmental issues seem of particular significance in enterprises posing risks to the environment. The natural environment and its protection are important from the viewpoint of future generations. The transition from voluntary disclosure of non-financial information to mandatory regulation in the EU has taken place due to continuous increasing needs to have more transparency and rigor of information disclosed by companies. Indeed, voluntary reporting of CSR has many aspects of weakness, it is difficult to compare the information of different companies; it is a tool to avoid regulation; lack of execution and accountability; and leads to rhetoric, as corporations continue to create many problems for society.
4
Cho, Yoon-Na. "ENHANCING THE GREENNESS IN CONSUMERS: THE ROLE OF SUSTAINABILITY DISCLOSURES AND ENVIRONMENTAL IMPACT ON ADVERTISEMENTS." In Bridging Asia and the World: Globalization of Marketing & Management Theory and Practice. Global Alliance of Marketing & Management Associations, 2014. http://dx.doi.org/10.15444/gmc2014.02.08.02.
5
AMARASINGHE, S. D. I. A., S. D. A. SOORIGE, and L. DE SILVA. "COMPARATIVE STUDY ON ESTABLISHING LIFE CYCLE ASSESSMENT (LCA) IN BUILDINGS: DRIVERS." In 13th International Research Conference - FARU 2020. Faculty of Architecture Research Unit (FARU), University of Moratuwa, 2020. http://dx.doi.org/10.31705/faru.2020.24.
Анотація:
LCA is a method that systematically evaluates environmental impacts attributed to the building by quantifying environmental inputs and outputs over the lifecycle of buildings. LCA facilitates a sophisticated assessment procedure to promote eco-efficient designs to reduce environmental impacts. Although building-related LCAs are well-rooted in developed counties, it is challenging to disclose evidence of LCA application in Sri Lanka as a developing country. Therefore, this study aims to compare drivers that promote the application of LCA in developed countries and Sri Lanka to determine the deviation between two contexts. The qualitative research approach was adopted, and expert interviews were conducted with ten experts from Sri Lanka and nine LCA experts representing developed countries. The results indicated that 'identifying opportunities to improve environmental sustainability,' discovering energy-saving opportunities' etc. are the mostly identified drivers related to developed countries. In contrast, the mostly identified drivers in Sri Lanka were limited to two as 'growing industrial interest to build more green buildings' and 'as a new tool for R&D'. Initiation of strong government policies and effective incentive mechanisms, rising awareness on LCA, etc. identified as strategies to bridge the deviation between Sri Lanka from developed countries context in the implementation of LCA.