全球投资者对国际可持续发展标准委员会可持续发展和气候变化标准草案的回应:是不协调还是达成共识

IF 5.2 4区 管理学 Q1 BUSINESS, FINANCE
John Millar, Richard Slack
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引用次数: 0

摘要

目的 本文旨在研究全球投资者对国际可持续发展准则委员会(ISSB)发布的准则草案《国际财务报告准则 S1》(可持续发展相关财务信息披露的一般要求)和《国际财务报告准则 S2》(气候相关披露)的反应之间的不一致或共识之处。设计/方法/途径采用专题内容分析法,收集投资者在咨询期(2022 年 3 月至 7 月)提交的评论信中表达的观点,并与国际可持续发展准则理事会的事前立场(2022 年 3 月发布准则草案)和事后反馈摘要(2022 年 9 月国际可持续发展准则理事会工作人员文件)进行对比。但是,投资者与国际准则理事会之间也有不一致的地方,特别是在报告的基础和重点(双重或单一/财务重要性和企业价值)、定义的清晰度、排放报告和保证等方面。研究还进一步强调,投资者的意见不尽相同。本研究通过投资者对标准草案的回应,强调了此类报告对投资者的重要意义。研究结果揭示了在制定和调整标准草案以满足用户需求方面存在的不和谐之处。投资者作为主要用户,他们的意见应有助于全球标准制定机构根据当前政策和未来报告要求制定与可持续发展相关的标准,以及这些标准在实践中对用户的实用性。 原创性/价值 据作者所知,本文为评论信文献做出了原创性贡献,迄今为止,评论信文献主要关注财务报告,相对缺乏投资者参与。本文采用主题分析法,研究了投资者和国际社会科学理事会在制定可持续发展报告标准方面的意见不一致之处。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Global investor responses to the International Sustainability Standards Board draft sustainability and climate-change standards: sites of dissonance or consensus

Purpose

This paper aims to examine sites of dissonance or consensus between global investor responses to the draft standards, International Financial Reporting Standards S1 (IFRS) (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures), issued by the International Sustainability Standards Board (ISSB).

Design/methodology/approach

A thematic content analysis was used to capture investor views expressed in their comment letters submitted in the consultation period (March to July 2022) in comparison to the ex ante position (issue of draft standards, March 2022) and ex post summary feedback (ISSB staff papers, September 2022) of the ISSB.

Findings

There was investor consensus in support of the ISSB and the development of the draft standards. However, there were sites of dissonance between investors and the ISSB, notably regarding the basis and focus of reporting (double or single/financial materiality and enterprise value); definitional clarity; emissions reporting; and assurance. Incrementally, the research further highlights that investors display heterogeneity of opinion.

Practical and Social implications

The ISSB standards will provide a framework for future sustainability reporting. This research highlights the significance of such reporting to investors through their responses to the draft standards. The findings reveal sites of dissonance in the development and alignment of draft standards to user needs. The views of investors, as primary users, should help inform the development of sustainability-related standards by a global standard-setting body apposite to current policy and future reporting requirements, and their usefulness to users in practice.

Originality/value

To the best of the authors’ knowledge, this paper makes an original contribution to the comment letter literature, hitherto focused on financial reporting with a relative lack of investor engagement. Using thematic analysis, sites of dissonance are examined between the views of investors and the ISSB on their development of sustainability reporting standards.

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来源期刊
CiteScore
9.50
自引率
6.70%
发文量
38
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