Environmental, Social and Governance Information Disclosure Strategy of the Ten Main Spanish Listed Companies

Ponce, Herenia Gutiérrez; Serrat, Núria Arimany; González, Julián Chamizo

doi:10.12776/qip.v26i3.1766

Cited by 5 publications

(6 citation statements)

References 22 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…We also find differences between the levels of ESG information analyzed using the TBL philosophy. These results confirm Spain as an interesting case study because Spanish companies in general obtain high scores in various sustainability indices (García‐Sánchez, 2021; Gutierrez‐Ponce et al, 2022; Gutiérrez‐Ponce, Chamizo‐González, & Arimany‐Serrat, 2022; KPMG, 2020; Sierra‐Garcia et al, 2018; Tarquinio et al, 2018). Spain was also a pioneer in making external verification of sustainability reports mandatory.…”

Section: Resultssupporting

confidence: 55%

“…Corporate sustainability reports must be analyzed to identify and define companies' economic and sustainability models, as well as their commitment to the SDGs. Although multiple studies (García‐Sánchez, 2021; Gutierrez‐Ponce et al, 2022; Gutiérrez‐Ponce, Chamizo‐González, & Arimany‐Serrat, 2022; Sierra‐Garcia et al, 2018; Tarquinio et al, 2018) indicate that Spanish companies obtain high scores on their sustainability reports, few studies analyze the relationship between sustainability reports (ESG) and the SDGs in the Spanish context. This paper aims to fill this research gap for Spanish listed companies.…”

Section: Introductionmentioning

confidence: 99%

“…esting case study because Spanish companies in general obtain high scores in various sustainability indices(García-Sánchez, 2021;Gutierrez- Ponce et al, 2022;Gutiérrez-Ponce, Chamizo-González, & Arimany- Serrat, 2022; KPMG, 2020;Sierra-Garcia et al, 2018;Tarquinio et al, 2018). Spain was also a pioneer in making external verification of sustainability reports mandatory.5 | DEGREE OF INFORMATION ON THE SDGs IN THE CORPORATE REPORTS OF COMPANIES BY SECTORTable3displays the results for percentage of information on each of the 17 SDGs presented by the companies in each sector, as well as the general average by sector and the average information for each SDG.…”

mentioning

confidence: 99%

See 2 more Smart Citations

Sustainability as a strategy base in Spanish firms: Sustainability reports and performance on the sustainable development goals

Ponce

2023

Sustainable Development

View full text Add to dashboard Cite

This article examines corporate sustainability reports, the standards they use, and their connection to performance on the sustainable development goals (SDGs) from firms in the main Spanish stock index. The investigation was performed through an exploratory, descriptive, analytic study as well as examination of the disclosure and performance on the SDGs after Law 11/2018 went into effect in Spain. The study methods used include parametric correlations that explain the associations between the global reporting initiative (GRI) and environmental, social, and governance (ESG) standards and the level of performance on SDGs/ESG in the sustainability reports.We found that all firms present their verified sustainability reports, that the level of ESG information is above 75%, and that the GRI is the sustainability standard used.Further, all firms contribute on average a 75% level of information on all goals and on each of the 17 goals for the 2030 Agenda. We obtain significant analogies in level of disclosure of GRI-ESG information and level of performance on the SDGs/ESG. In addition, the higher the level of information on environmental GRI standards, the better the firm's position in the environmental SDG ranking.

show abstract

Section: Resultssupporting

confidence: 55%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

See 1 more Smart Citation

Sustainability as a strategy base in Spanish firms: Sustainability reports and performance on the sustainable development goals

Ponce

2023

Sustainable Development

View full text Add to dashboard Cite

show abstract

“…The study also showed a significant relationship between financial indicators and ESG transparency. (Gutierrez-Ponce et al, 2022). A comprehensive study was conducted on combined reports by examining the factors influencing the level of information disclosures of sustainability (SR) and integrated reports (IR) in Kenya.…”

Section: Integrated Reporting/ Sustainability Reporting/esg Reportingmentioning

confidence: 99%

The Impact of Corporate Governance, Information Asymmetry and Sustainability Reporting: A Systematic Exploration

Mohd Jamil,

Marzuki,

Hariz Hamid

et al. 2023

IJARAFMS

View full text Add to dashboard Cite

Sustainability reporting, integrated reporting and ESG reporting are the newest developments of reporting, suggesting by the many standard setters to overcome the problem by limiting nonfinancial information being disclosed by the organisation. The boards of directors determine the level, quality and magnitude of disclosure. The board's variation in knowledge, gender, capability, duality and competency will have different impacts on that decision. Whether the board of directors possessed proper enough knowledge to make decisions is questionable. It is because the managers might need to give more information to managers to make a decision, or even the director might not be asked important elements to the manager. This reciprocal effect impacts the level of disclosure. Due to that, the objective of this paper is to explore the potential of information asymmetry in the direction of corporate finance and sustainability reporting. This study uses advanced searching that systematically analyses. After the expert discussion, the findings can be divided into three themes: corporate governance, sustainability reporting and ESG reporting; corporate governance, information asymmetry, and information asymmetry.

show abstract

“…Controversies and scandals regarding the role of banks in the crisis have also revealed failures in some dimensions of sustainability—environmental, social, and governance (ESG)—raising questions about banks' social responsibility policies, such as their real strategic commitment to main stakeholders (Esteban‐Sanchez et al, 2017; Hoang, 2023). The relationship between the performance of ESG activities and FP has been studied in companies from different sectors and regions, with studies obtaining a significant relationship between financial indicators and ESG information (Galletta et al, 2022; Gutierrez‐Ponce et al, 2022). More specifically, (Buallay et al, 2023) study the sustainability report in the banking sector in different economic and political environments and find a negative relationship between the ESG pillars and FP.…”

Section: Introductionmentioning

confidence: 99%

Do sustainability practices contribute to the financial performance of banks? An analysis of banks in Southeast Asia

Gutiérrez‐Ponce,

Wibowo

2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

In response to the need to deepen research on the impact of corporate ESG (environmental, social, and governance) pillars on the financial performance (FP) of banks, this study analyzes the relationship between ESG and FP in banks from emerging countries in Southeast Asia during the period 2010–2020. Using a sample of 19 banks from five countries with emerging economies, this article examines the level of information on ESG activities that banks report in each of their pillars and these pillars' impact on the FP. The research was conducted through an exploratory study using panel data (Thomson Reuters ESG data), parametric correlations, and regression models. FP is measured by return on assets (ROA), return on equity (ROE), and Tobin's Q (TQ), or the prevailing market price for exchanging assets divided by the market price of the goods newly produced. The findings show that ESG has a significant negative effect on all measures of FP (ROA, ROE, and TQ). However, analysis of the relationship of each individual ESG pillar to FP obtains different findings for each. Our study also shows differences in the level of ESG information in each country as a result of their specific economic characteristics. This study has limitations due to the limited ESG, bank, and country data that Thomson Reuters contains on banks in this region of Asia. In future research, more banks and more countries can be added to the analysis, as well as other control variables related to FP.

show abstract

Environmental, Social and Governance Information Disclosure Strategy of the Ten Main Spanish Listed Companies

Cited by 5 publications

References 22 publications

Sustainability as a strategy base in Spanish firms: Sustainability reports and performance on the sustainable development goals

Sustainability as a strategy base in Spanish firms: Sustainability reports and performance on the sustainable development goals

The Impact of Corporate Governance, Information Asymmetry and Sustainability Reporting: A Systematic Exploration

Do sustainability practices contribute to the financial performance of banks? An analysis of banks in Southeast Asia

Contact Info

Product

Resources

About