The State of Corporate Sustainability Disclosure - Archive ouverte HAL Accéder directement au contenu
N°Spécial De Revue/Special Issue SSRN Electronic Journal Année : 2022

The State of Corporate Sustainability Disclosure

Magali Delmas
Kelly Clark
  • Fonction : Auteur
Tyson Timmer
  • Fonction : Auteur
Moana Mcclellan
  • Fonction : Auteur

Résumé

Disclosure of Environment, Social and Governance (ESG) metrics remains almost entirely voluntary, resulting in incomplete and unstandardized data that makes it difficult for stakeholders to collectively compare firms and assess their impact. To align reporting, in 2020 the World Economic Forum (WEF) proposed a framework consisting of metrics it asserted were already commonly used by firms. But little data supports this claim, as there is no comprehensive evaluation on firms’ disclosure rates on these metrics. This project aims to fill this gap. We selected 300 of the largest U.S. public companies from the Fortune 200 and S&P 500 lists because they’re high-revenue firms and have a substantial impact on global social and environmental trajectories. And these firms have more resources to devote to reporting ESG metrics. Under four pillars — Governance, Planet, People, and Prosperity — WEF describes 21 core metrics and 34 expanded metrics. This research focuses on these 300 companies’ disclosure related to the 21 core metrics, many of which have multiple subparts. For this analysis, we divide the 21 core metrics into 74 submetrics. We source data primarily from the text of sustainability reports (54.9%), firms’ websites, Securities and Exchange Commission (SEC) public filings (37.5%) or the Compustat database, and the Carbon Disclosure Project (CDP) (7.6%).
Fichier principal
Vignette du fichier
SSRN-id4236578.pdf (2.64 Mo) Télécharger le fichier
Origine : Publication financée par une institution
Licence : CC BY NC SA - Paternité - Pas d'utilisation commerciale - Partage selon les Conditions Initiales

Dates et versions

hal-03998014 , version 1 (06-03-2023)

Licence

Paternité - Pas d'utilisation commerciale - Partage selon les Conditions Initiales

Identifiants

Citer

Magali Delmas, Kelly Clark, Tyson Timmer, Moana Mcclellan. The State of Corporate Sustainability Disclosure. SSRN Electronic Journal, 2022, ⟨10.2139/ssrn.4194032⟩. ⟨hal-03998014⟩
26 Consultations
49 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More