Abstract
ABSTRACT This research analyzes the influence that the performance of GHG emissions has on the level of transparency in financial reporting. Content analysis of the financial statement notes allowed the level of transparency to be measured. The results suggest that the level of transparency in financial reporting is negatively related to the performance of GHG emissions when financial reports are prepared on the basis of the International Financial Reporting Standards. It was also concluded that more ‘good news’ is disclosed by companies when their GHG emissions’ performance reduces. This study complements previous literature about transparency in financial reporting, and the necessity to relate it to eco-efficiency measures to empower the decision-making process of stakeholders. The study also provides a reference for European accounting regulators on the behavior of companies with regard to this issue.
Highlights
RESUMEN Esta investigación analiza la influencia que tiene el comportamiento de las emisiones de gases de efecto invernadero (GEI) en el nivel de transparencia de la información financiera
No contexto do esquema de limites e comércio de emissões, há consenso na literatura de que as transações devem ser incluídas nos relatórios financeiros (Giner-Inchausti, 2014; Lovell, Bebbington, Larrinaga & Aguiar, 2013; PWC & IETA, 2007; Ragan & Stagliano, 2007)
A análise dos dados foi realizada por Ana Isabel Dias, Patricia Milanés-Montero e pelo Esteban Pérez-Calderón
Summary
Em 2005, o IASB lançou o IFRIC 3 ‘Direitos de Emissão’ para aplicação após o início da Fase I do EU ETS, mas apenas seis meses depois decidiu abortá-lo, argumentando que existia uma interpretação errônea da urgência da norma. Estruturas conceituais para relatórios financeiros, que definem os fundamentos do IFRS, afirmam que a evidenciação financeira deve ser útil aos stakeholders, ou seja, deve existir alguma correspondência entre informações úteis e as medidas de desempenho das emissões de GEE, com a vantagem de se obter valor justo (observável), que o mecanismo de mercado atribui tanto às emissões de LEs quanto de GEE (Ascui & Lovell, 2012). A seção a seguir apresenta nosso projeto de pesquisa empírica e a metodologia usada para testar a hipótese formulada
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