环境、社会和公司治理报告的法律义务与环境信息披露实践的质量:摩洛哥上市工业公司案例

IF 1.3 Q1 LAW
Fatima Zahra Namoussi, Mariam Cherqaoui
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引用次数: 0

摘要

本文旨在研究摩洛哥资本市场管理局(AMMC)于2019年引入的环境、社会和治理(ESG)报告法律义务对卡萨布兰卡证券交易所(CSE)工业上市公司环境披露实践的影响。结果结果证实,环境、社会和公司治理报告的法律义务对摩洛哥工业上市公司的环境报告质量产生了积极影响。本研究有助于突出监管措施在改善上市公司相关企业环境报告披露方面的有效性。本研究还概述了一个发展中国家,即摩洛哥,在实施高质量环境报告标准,特别是《全球报告倡议》框架方面所取得的进展。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Legal obligation of ESG reporting and the quality of environmental disclosure practices: the case of Moroccan listed industrial companies
Purpose This paper aims to examine the impact of the legal obligation for environmental, social, and governance (ESG) reporting, introduced in 2019 by the Moroccan Capital Market Authority (AMMC), on the environmental disclosure practices of industrial companies listed on the Casablanca Stock Exchange (CSE). Design/methodology/approach An analysis of the content of the ESG reports of the industrial listed companies on the CSE is carried out over the two years that frame the year of implementation of the AMMC circular, i.e. 2018 and 2020, to analyze the difference in the quality of their environmental disclosures using a conformity criterion based on the Environmental section (N°300) of the “Global Reporting Initiative (GRI)” standards. Findings The results confirm the presence of a positive effect of the legal obligation for ESG reporting on the quality of environmental reporting of Moroccan industrial listed companies. However, the degree of compliance with the GRI framework remains incomplete. Originality/value This study helps to highlight the effectiveness of regulatory measures in improving the disclosure of relevant corporate environmental reporting of listed companies. The study also provides an overview of the progress made in implementing quality environmental reporting standards, specifically the GRI framework, in a developing country, namely, Morocco.
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来源期刊
CiteScore
3.90
自引率
6.70%
发文量
13
期刊介绍: The International Journal of Law and Management is a leading journal addressing all aspects of regulation and law as they impact on organisational development, operations and leadership. Organisations and their leaders operate in an increasingly complex world of emerging regulation across national and international boundaries. The International Journal of Law and Management seeks to acknowledge the dynamics of that environment and provide a platform for articles and contributions to stimulate scholarly debate in the development of law and practice. The International Journal of Law and Management seeks to present the latest research on policy, practice and theoretical perspectives and their impact on the development and leadership of organisations. Contributions of a multi-disciplinary nature are welcome. Coverage includes, but is not limited to: -Employment and industrial law- Corporate governance and social responsibility- Intellectual property- Corporate law and finance- Insolvency- Commercial law and consumer protection- Environmental law- Taxation- Competition law- Regulatory theory
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