Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 30184
GRI – Reporting Chemical Sector's Environmental Item Disclosures

Authors: M. Suutari

Abstract:

In this content analysis research note the aim was to explore to how sustainability and especially environmental issues are conveyed into environmental items in annual reports and disclosures. As The Global Reporting Initiative (GRI) is a globally wide multistakeholder process, the enterprises using voluntarily GRI framework are considered to be aware of sustainability and environmental concerns. The findings were that although these enterprises included in an environmentally sensitive industry sector and had special capabilities to consider environmental issues there were few GRIreporting enterprises presented substantially detailed environmental items in audited financial statements. There were only slight differences between publishing years 2008 and 2009 - the beginning years of economic turmoil. The environmental issues seemed not to be considered substantial enough for financial reporting as a basis for concerning investment or voting decisions.

Keywords: Environmental, reporting, financial, GRI.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1081421

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1304

References:


[1] Adams C.A & Frost G. R., "Managing social and environmental performance: Do companies have adequate information?", Australian Accounting Review 32, 2008, 288-302.
[2] Blacconiere W.G. & Patten D.M., "Environmental disclosures, regulatory costs, and changes in firm value", Journal of Accounting and Economics 18, 1994, 357-377.
[3] Cetindamar D. & Husoy K., "Corporate Social Responsibility Practices and Environ-mentally Responsible Behaviour: The Case of The United Nations Global Compact", Journal of Business Ethics, 2007, 76:163- 176.
[4] Chong H.G. & Vinten G., "Materiality Thresholds Defined by Courts: The UK Evidence", The Journal of Asset Protection and Financial Crime Vol. 2 Nr. 3., 2007, 234-255.
[5] Criado-Jime'nez I., Ferna'ndez-Chulia'n M., Javier Husillos-Carque' F. & Larrinaga-Gonza'lez C., "Compliance with Mandatory Environmental Reporting in Financial Statements: The Case of Spain (2001-2003)", Journal of Business Ethics, 2008, 79:245-262.
[6] Elkington J., "Triple bottom-line reporting: Looking for balance", Australian CPA, 69, 2, 1999, 18-21.
[7] Foster B.P., McClain G, & Shastri T., "A note on perceptions of auditors- internal control report mandated by the PCAOB: Can reformatting the report enhance perceived value added?, " Research in Accounting Regulation, Vol. 21, Issue 1, April 2009. 63-67.
[8] Freedman M. & Stagliano A. J., "Environmental disclosure by companies involved in initial public offerings," Auditing & Accountability Journal Vol. 15, Iss. 1; 2002, pg. 94, 12.
[9] Gray R. & Symon, I.. "An environmental audit by any other name", Integrated Environmental Management 6, 1992, 9-11.
[10] Guthrie J., Cuganesan, S. & Ward L., "Industry specific social and environmental re-porting: The Australian Food and Beverage Industry", Accounting Forum 32, 2008, 1-15.
[11] Hamilton G. & ├ôh├ôgartaigh C., "The Third Policeman: ÔÇÿThe true and fair view-, language and the habitus of accounting", Critical Perspectives on Accounting, Volume 20, Issue 8, November 2009, 910- 920.
[12] Hodder L., Koonce, L. & McAnally M.L., "SEC market risk implications for judgment and decision making", Accounting Horizons 15 (1), 2001, 49-70.
[13] Konar S. & Cohen M., "Information As Regulation: The Effect of Community Right to Know Laws on Toxic Emissions", Journal of env. economics and management 32, 1997, 109 124.
[14] KPMG & UNEP, Carrots and sticks for starters- Current trends and approaches in Voluntary and Mandatory Standards for Sustainability Reporting, 2006, KPMG-s Global sustainability services and United Nations Environment Programme.
[15] Linsley P.M. & Shrives P.J., "Risk reporting: A study of risk disclosures in the annual reports of UK companies", The British Accounting Review, Vol. 38, Issue 4, December 2006. 387-404.
[16] Llena F., Moneva J. M. & Hernandez B. "Environmental Disclosures and Compulsory Accounting Standards: The Case of Spanish Annual Reports", Business Strategy and the Environment 16(1), 2007, 50-63.
[17] McEnroe J.E. "Perceptions of the effects of the effect of Sarbanes-Oxley on earnings management practices", Research in Accounting Regulation, Volume 19, 2007, 137-157.
[18] Mobus, J. L., "Mandatory Environmental Disclosures in a Legitimacy Theory Context", Accounting, Auditing and Accountability Journal 18(4), 2005, 492-517.
[19] Repetto R., "Protecting investors and the environment through financial disclosure" Utilities Policy 2005, 13 51-68.
[20] Sinclair-Desgagné B. & Gozlan E., "A theory of environmental risk disclosure", Journal of Environmental Economics and Management, Volume 45, Issue 2, Supplement 1, March 2003, Pages 377-393.
[21] Stone A. & Delistraty D., "Sources of toxicity and exposure information for identifying chemicals of high concern to children", Environmental Impact Assessment Review, 2010, Volume 30, Issue 6, November 2010, Pages 380-387.