Disclosure on the Sustainable Development Goals – Evidence from Europe

IF 4.6 Q1 BUSINESS, FINANCE
Katrin Hummel, M. Szekely
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引用次数: 40

Abstract

Abstract This study examines disclosure on the sustainable development goals (SDGs) in firms’ annual reports. For a sample of European firms listed in the STOXX Europe-600 index and a reporting period of four years, we use textual analysis to assess both firms’ explicit reference to the SDGs in their annual reports as well as the implicit prevalence of SDG topics. In addition, we use content analysis to manually assess the quality of firms’ disclosure on the SDGs based on eleven reporting items. The results show a substantial increase in SDG reporting quality over time but a distinct lack of disclosure of quantitative and forward-looking information. Further analyses reveal the relevance of both financial and non-financial stakeholders. Specifically, SDG disclosure is particularly associated with a high relevance of socially responsible investors, customers or environment-related public pressure, while financial analysts, employees and the media are not associated with SDG disclosure.
披露可持续发展目标-来自欧洲的证据
摘要本研究考察了企业年度报告中可持续发展目标(sdg)的披露情况。对于STOXX欧洲600指数中列出的欧洲公司样本,报告期为四年,我们使用文本分析来评估两家公司在其年度报告中对可持续发展目标的明确参考以及可持续发展目标主题的隐含流行程度。此外,我们使用内容分析方法,基于11个报告项目,手动评估公司对可持续发展目标的披露质量。结果显示,随着时间的推移,可持续发展目标报告的质量大幅提高,但明显缺乏量化和前瞻性信息的披露。进一步的分析揭示了财务和非财务利益相关者的相关性。具体而言,可持续发展目标披露与社会责任投资者、客户或环境相关公众压力的相关性特别高,而金融分析师、员工和媒体与可持续发展目标披露的相关性不高。
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来源期刊
Accounting in Europe
Accounting in Europe BUSINESS, FINANCE-
CiteScore
5.00
自引率
7.10%
发文量
14
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