The Determinants of Materiality Assessment Disclosures in the Sustainability Statements of Iberian-Listed Companies

IF 8.3 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2025-02-10 DOI:10.1002/csr.3148

Catarina Morganho, Patricia Milánes-Montero, Esteban Pérez-Calderón

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Abstract

Effective January 1, 2024, the Corporate Sustainability Reporting Directive (CSRD) mandates that large corporations disclose sustainability data using the European Sustainability Reporting Standards (ESRS). This study investigates the materiality assessment disclosure (MAD) in Portuguese and Spanish corporations, focusing on its role as a foundation for meaningful sustainability reporting. This study analyzed annual reports from 45 major businesses (2018–2022) and employed content analysis and panel data methodologies to score an index that quantifies MAD levels. The results revealed an average MAD score, highlighting significant gaps in the materiality assessment processes and outcomes. Industry and board size were identified as influential variables in determining MAD levels. These findings underscore the lack of comprehensive consideration of the societal and environmental impacts. Enhanced transparency, accountability, and adherence to ESRS are urgently required to improve the quality and relevance of sustainability reporting.

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伊比利亚上市公司可持续性报表重要性评估披露的决定因素

企业可持续发展报告指令（CSRD）要求大型企业使用欧洲可持续发展报告标准（ESRS）披露可持续发展数据，自2024年1月1日起生效。本研究调查了葡萄牙和西班牙公司的重要性评估披露（MAD），重点关注其作为有意义的可持续发展报告基础的作用。该研究分析了45家主要企业（2018-2022年）的年度报告，并采用内容分析和面板数据方法对量化MAD水平的指数进行了评分。结果显示平均MAD得分，突出了重要性评估过程和结果的重大差距。行业和董事会规模被确定为决定MAD水平的影响变量。这些发现强调了缺乏对社会和环境影响的全面考虑。为了提高可持续发展报告的质量和相关性，迫切需要提高透明度、问责制和对ESRS的遵守。

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.