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Use of SASB standards for ESG reporting in Europe: Empirical analysis
[Empirická analýza použití SASB standardů pro ESG reporting v Evropě]

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  • Richard Stiebal

Abstract

This article focuses on non-financial reporting under SASB standards in Europe andis primarily motivated by the development of new ESG reporting frameworks,namely the European Sustainability Reporting Standards under Directive (EU)2022/2464 and Sustainability Disclosure Standards within IFRS. The articleexamines a sample of 110 European companies from various industries in terms ofthe degree of compliance with the requirements of the SASB standards. Usinga document analysis of non-financial reports and a set of double-level metrics, thescope and relevance of published non-financial information is assessed. It is found that European companies largely meet the requirements of SASB standards.Information about the environmental matters is published to the greatest extent. Nosignificant effect of the sector to which the company belongs on the scope ofpublished information is found.

Suggested Citation

  • Richard Stiebal, 2023. "Use of SASB standards for ESG reporting in Europe: Empirical analysis [Empirická analýza použití SASB standardů pro ESG reporting v Evropě]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2023(1), pages 5-23.
    • Handle: RePEc:prg:jnlcfu:v:2023:y:2023:i:1:id:579:p:5-23
    DOI: 10.18267/j.cfuc.579
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    References listed on IDEAS

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    1. Muzammal Khan & Abeer Hassan & Christian Harrison & Heather Tarbert, 2020. "CSR reporting: a review of research and agenda for future research," Management Research Review, Emerald Group Publishing Limited, vol. 43(11), pages 1395-1419, July.
    2. Muzammal Khan & Abeer Hassan & Christian Harrison & Heather Tarbert, 2020. "CSR reporting: a review of research and agenda for future research," Management Research Review, Emerald Group Publishing Limited, vol. 43(11), pages 1395-1419, July.
    3. Laurence Vigneau & Michael Humphreys & Jeremy Moon, 2015. "How Do Firms Comply with International Sustainability Standards? Processes and Consequences of Adopting the Global Reporting Initiative," Journal of Business Ethics, Springer, vol. 131(2), pages 469-486, October.
    4. Carmelo Reverte, 2009. "Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms," Journal of Business Ethics, Springer, vol. 88(2), pages 351-366, August.
    5. Voicu D. Dragomir, 2010. "Environmentally sensitive disclosures and financial performance in a European setting," Journal of Accounting & Organizational Change, Emerald Group Publishing Limited, vol. 6(3), pages 359-388, September.
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    More about this item

    Keywords

    CSR; Double materiality; ESG reporting; SASB standards; Dvojí materialita; SASB standardy;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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