IDEAS home Printed from https://ideas.repec.org/p/dar/wpaper/142193.html
   My bibliography  Save this paper

Environmental, social and governance reporting in annual reports: A textual analysis

Author

Listed:
  • Baier, Philipp
  • Berninger, Marc
  • Kiesel, Florian

Abstract

Considering environmental, social, and governance (ESG) factors becomes increasingly important for companies and investors. However, “ESG” is not clearly defined so far and, therefore, it is difficult to measure the ESG activity of companies. We analyze the extent and changes in 10‐K reports and proxy statements on ESG, using a textual analysis and creating an ESG dictionary. The results show an average of 4.0 % ESG words on total words in the reports. The ESG word list with 482 items can be used to quantitatively examine the extent of ESG reporting, which will be helpful especially for SRI investors. Our classification of 40 subcategories allows a highly granular analysis of different ESG related aspects. Moreover, indications for a relation between changes in reporting and real events, especially negative media presence, are detected. Regulatory bodies have to be aware of the use of such words and how they are used.

Suggested Citation

  • Baier, Philipp & Berninger, Marc & Kiesel, Florian, 2024. "Environmental, social and governance reporting in annual reports: A textual analysis," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 142193, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Handle: RePEc:dar:wpaper:142193
    DOI: 10.1111/fmii.12132
    Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/142193/
    as

    Download full text from publisher

    File URL: https://tuprints.ulb.tu-darmstadt.de/15646
    Download Restriction: no
    File URL: https://doi.org/10.1111/fmii.12132
    Download Restriction: no
    File URL: https://libkey.io/10.1111/fmii.12132?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dar:wpaper:142193. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dekanatssekretariat (email available below). General contact details of provider: https://edirc.repec.org/data/ivthdde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.