The Mandatory Non-financial Disclosure in the European Union

Veltri, Stefania

doi:10.1007/978-3-030-47921-3_3

Cited by 5 publications

(6 citation statements)

References 39 publications

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“…In line with previous research, we highlight that the sustainability disclosure policy positively impacts performance [54,55]. The effects of regulating disclosure policies in sustainability are differentiated [7,14,82,83], significantly influencing performance [7].…”

Section: Resultssupporting

confidence: 89%

“…Empirical research has allowed us to observe a significant mediating effect of sustainability variables on the relationship between disclosure and transparency and economic performance, indicating a consistently positive impact when including the dimension of sustainability in managerial reporting through an integration process. As a result, we consider it necessary, along with other researchers [7,14,54,82,83,91], to integrate sustainability reporting into an organisation's management reporting.…”

Section: Discussionmentioning

confidence: 99%

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Including Sustainable Reporting Practices in Corporate Management Reports: Assessing the Impact of Transparency on Economic Performance

et al. 2021

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In terms of sustainability, traditional disclosure does not provide the necessary information to all stakeholders, mainly addressing the company’s shareholders’ expectations. As a result, organisations need to disclose more non-financial information, which implies social and environmental issues. Many organisations currently provide sustainability reports in addition to the annual management reports containing financial and economic data. Several studies have focused on adopting practices and tools in the sustainability area and their overlap with traditional managerial techniques and tools. Nevertheless, integration involves a harmonising process, compatibility and alignment between different management practices. This study aims to assess the impact that the inclusion of sustainable reporting practices in corporate management reports has on economic performance, and to support filling the gap in the specific literature by proposing an integrated reporting model achieved through a harmonising process, compatibility and alignment.

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Section: Resultssupporting

confidence: 89%

Section: Discussionmentioning

confidence: 99%

Including Sustainable Reporting Practices in Corporate Management Reports: Assessing the Impact of Transparency on Economic Performance

et al. 2021

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“…For example, within the European context, the Directive 2014/95/EU on reporting non-financial and diversity information represents a crucial step to improve corporate transparency and accountability on social and environmental issues across Europe. The EU Directive is an example of a systematic process aimed at harmonising corporate reporting practices, improving comparability of information and meeting stakeholders’ needs (Aureli et al , 2020; La Torre et al , 2018; Veltri, 2020). Specifically, paragraph no.…”

Section: The Global Reporting Initiative’s Position In Sustainability...mentioning

confidence: 99%

The Global Reporting Initiative’s (GRI) past, present and future: critical reflections and a research agenda on sustainability reporting (standard-setting)

Villiers

Torre

Molinari

2022

PAR

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Purpose This paper aims to reflect on the future of sustainability reporting standards by examining the current practical initiatives and the Global Reporting Initiative’s (GRI) position in the arena of non-financial and sustainability reporting and identifies avenues for future research. Design/methodology/approach A critical reflection and analysis of research on the GRI’s achievements and the influence of the International Financial Reporting Standards (IFRS) Foundation’s initiative to develop global sustainability reporting standards. Findings The GRI has a dominant position in sustainability reporting standard-setting related to the provision of information about the influence of reporting organisations on society and the natural environment. The IFRS Foundation’s initiative to enter the sustainability reporting standard-setting arena, although from the perspective of providing information to investors regarding the influence of society and the environment on the reporting organisation, is an attempt to solidify its own position as the reporting standard setter of choice, not only for financial reporting but for all reporting standards. However, despite its aim to differentiate its role from the GRI by leveraging the financial-oriented ideological side of double materiality, we argue that the IFRS is unlikely to harm the GRI’s global position in producing multi-stakeholder standards for sustainability reporting and accountability. This differentiated position is facilitated by the different sources of legitimacy the GRI and IFRS rely on. Research limitations/implications The paper identifies future research opportunities. Originality/value Due to the recent initiatives for creating new sustainability reporting standard-setters, to the best of the authors’ knowledge, this paper offers one of the first critical reflections on the past and the likely future of the GRI and its sustainability reporting standards. The paper also identifies several new avenues for future research.

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“…The reporting of non-financial information needs to be harmonized and interconnected with financial information to provide credible, coherent and transparent information available to stakeholders [ 40 , 41 , 42 , 43 ]. A series of variables can be considered to analyze the correlations between the financial and non-financial indicators.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context

Haţegan

Curea-Pitorac

Milu

2021

IJERPH

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Between the circular economy and corporate social responsibility, there is an ever-closer connection. Non-financial reporting of social responsibility actions is based on the circular economy concept, so reporting contributes to increasing the level of disclosure of circular strategies. In this context, large companies are required to report non-financial information to understand their activities better. The paper’s objective is to assess the mandatory non-financial reporting of Romanian companies active in the non-financial sector for 2017–2019. The empirical analysis consisted of creating and awarding an evaluation score to the reports of the companies. An econometric model was tested using a feasible generalized least squares (FGLS) regression to identify the link of the obtained Score with a series of variables representing the characteristics of the companies: Information on a website (I), Foreign ownership (F), Private ownership (P), Listed company (L), Return on assets (ROA), and Return on equity (ROE). Research results highlight a positive correlation between Score and all variables statistically significant in the model. Our study empirically validated the link between non-financial reporting and financial performance. The practical implications for managers can be to focus on improving the quality of non-financial reporting by better presenting the sustainability actions in a circular economy context.

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The Mandatory Non-financial Disclosure in the European Union

Cited by 5 publications

References 39 publications

Including Sustainable Reporting Practices in Corporate Management Reports: Assessing the Impact of Transparency on Economic Performance

Including Sustainable Reporting Practices in Corporate Management Reports: Assessing the Impact of Transparency on Economic Performance

The Global Reporting Initiative’s (GRI) past, present and future: critical reflections and a research agenda on sustainability reporting (standard-setting)

Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context

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