Use of SASB standards for ESG reporting in Europe: Empirical analysis

Empirická analýza použití SASB standardů pro ESG reporting v Evropě

Richard Stiebal

Český finanční a účetní časopis, 2023, vol. 2023, issue 1, 5-23

Abstract: This article focuses on non-financial reporting under SASB standards in Europe andis primarily motivated by the development of new ESG reporting frameworks,namely the European Sustainability Reporting Standards under Directive (EU)2022/2464 and Sustainability Disclosure Standards within IFRS. The articleexamines a sample of 110 European companies from various industries in terms ofthe degree of compliance with the requirements of the SASB standards. Usinga document analysis of non-financial reports and a set of double-level metrics, thescope and relevance of published non-financial information is assessed. It is found that European companies largely meet the requirements of SASB standards.Information about the environmental matters is published to the greatest extent. Nosignificant effect of the sector to which the company belongs on the scope ofpublished information is found.

Keywords: CSR; Double materiality; ESG reporting; SASB standards; Dvojí materialita; SASB standardy (search for similar items in EconPapers)
JEL-codes: M14 Q56 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.18267/j.cfuc.579

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