The Determinants of Materiality Assessment Disclosures in the Sustainability Statements of Iberian‐Listed Companies

Catarina Morganho, Patricia Milánes‐Montero and Esteban Pérez‐Calderón

Corporate Social Responsibility and Environmental Management, 2025, vol. 32, issue 3, 3659-3673

Abstract: Effective January 1, 2024, the Corporate Sustainability Reporting Directive (CSRD) mandates that large corporations disclose sustainability data using the European Sustainability Reporting Standards (ESRS). This study investigates the materiality assessment disclosure (MAD) in Portuguese and Spanish corporations, focusing on its role as a foundation for meaningful sustainability reporting. This study analyzed annual reports from 45 major businesses (2018–2022) and employed content analysis and panel data methodologies to score an index that quantifies MAD levels. The results revealed an average MAD score, highlighting significant gaps in the materiality assessment processes and outcomes. Industry and board size were identified as influential variables in determining MAD levels. These findings underscore the lack of comprehensive consideration of the societal and environmental impacts. Enhanced transparency, accountability, and adherence to ESRS are urgently required to improve the quality and relevance of sustainability reporting.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/csr.3148

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:32:y:2025:i:3:p:3659-3673

Access Statistics for this article

More articles in Corporate Social Responsibility and Environmental Management from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().