Determinates of Environmental Reporting in Corporate Annual Reports of the Stock Exchange of Thailand (Set)

2011 ◽  
Author(s):  
Muttanachai Suttipun ◽  
Patricia Stanton
Keyword(s):  
Stock Exchange ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Stock Exchange Of Thailand ◽  
Corporate Annual Reports

scholarly journals Development of mandatory & voluntary instruments of sustainability reporting (SR) according to carrots & sticks 2006 - 2016

2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Ririn Breliastiti
Keyword(s):  
Stock Exchange ◽  
Sustainability Reporting ◽  
Developed Countries ◽  
Asia Pacific ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Environmental Reporting ◽  
Government Regulations ◽  
The World ◽  
The Government

Sustainability Report (SR) has become one of the main reports of the world's leading companies. In 2005, it was found that more than 250 top companies listed on the Fortune 500 had prepared SR separately from the Annual Report. The development of the number of SRs in each country varies. In the developed countries, awareness to compile and issue SR is supported by government regulations so that SR becomes mandatory. In developing countries, SR is still voluntary because there is still no regulation that requires companies to compile and issue SR. The Carrots & Sticks report, compiled and published by KPMG, United Nations Environment Program, Unit for Corporate Governance in Africa & the Global Reporting Initiative (GRI), provided details on the development of mandatory and voluntary instruments in implementing Sustainability Reporting (SR) in various Countries throughout the world from 2006 to 2016. Therefore, this research aims to find out the development of the mandatory and voluntary instruments (government policies) related to SR in the world. This type of research is a literature review. The research instrument used consists of a tabulation containing the development of the mandatory and voluntary instruments (government policy) related to SR in the world, then the researcher conducted an analysis of these findings. The results show that there is an increasing enthusiasm for the application of SR throughout the world. There is an increase in commitment and efforts to achieve transparency and accountability. In countries that have an interest in SR, there has been a significant development, such as 19 countries in 2006, 32 countries in 2010, 45 countries and regions in 2013, and 71 countries and regions in 2016. Indonesia is one of the countries in the Asia Pacific region that has given attention to SR and has its regulations. SR regulations have grown from 180 in 2013 to 400 in 2016, with government regulations dominating 80% of all regulations. Mandatory instruments dominate more than voluntary instruments. Application of SR 30% is for large companies that have been listed on the stock exchange. SR reporting by public companies has covered all sectors on the stock exchange. This development was greatly influenced by the role of the government which encouraged companies to disclose information about sustainability in their annual reports. "Social" reporting instruments show a faster development than "environmental" reporting instruments. 

scholarly journals Independent board of directors and corporate sustainability: A South African and Nigerian perspective

2014 ◽  
Vol 3 (1) ◽  
pp. 58-68
Author(s):  
Collins Ngwakwe ◽  
Fortune Ganda ◽  
Oladele John Akinyomi
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
South African ◽  
Stock Exchange ◽  
Corporate Sustainability ◽  
Annual Reports ◽  
Independent Directors ◽  
Environmental Reporting ◽  
Sustainability Disclosure

This paper examined the stance of independent directors on corporate sustainable development initiative in South Africa and Nigeria. This has become apposite considering the role of independent directors in corporate strategic decisions and performance. It is believed that independent boards strive to direct corporate decisions to protect the investors and thus improve financial performance. Given that sustainability initiative is currently occupying a vital strategic position in protecting firms against inherent and imminent climate change and financial risks, the paper undertakes a survey of South African and Nigerian companies to ascertain the role of independent directors on corporate sustainable development initiatives. Using a mix method of primary and secondary data analysis, the paper finds that independent boards in both countries of study understand the importance of sustainability; however a pragmatic stance on sustainability is more visible in South Africa where independent boards are members of and/or participate in nominating corporate sustainability committees. The paper suggests the need for improved detailed disclosure on sustainability in the Nigerian corporate annual reports; the Nigerian Stock Exchange may boost this initiative by establishing a social and environmental reporting index supported by an annual survey of company sustainability disclosure. It also suggests the need to include sustainability awareness and interest in the metrics that are used in the appointment of independent boards in Nigerian companies

Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

2019 ◽  
pp. 697-721
Author(s):  
Md. Nazrul Islam ◽  
Mohammad Ashraful Ferdous Chowdhury ◽  
Mehedi Hasan Tuhin ◽  
Md. Masud Sarker
Keyword(s):  
Fixed Effects ◽  
Banking Sector ◽  
Positive Impact ◽  
Stock Exchange ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Reporting Practices ◽  
The Social ◽  
Social Environmental ◽  
Corporate Social

The study aimed to explore the social, environmental and governance (SEG) reporting practices of Banking sector of Bangladesh. In conducting the study, the longitudinal data has been used over the period 2000-2015 taking all the 30listed private commercial banks in Dhaka Stock Exchange Limited. Three separate reporting index for social, environmental and governance have been developed to measure reporting practices using the dichotomous method from the published annual reports of banks. The analysis found that corporate social, environmental and governance reporting has been increased over the study period. The statistical measure showed that social, governance and environmental reporting were made 46%, 49% and 1% respectively over the period while total SEGwas 39% over the period. The econometrics models using fixed effects showed that corporate profitability, size, age and leverage have positive impact on SEG reporting. The main cause of low SEG reporting could be due to the insufficient laws and framework of SEG reporting.

The longitudinal study of sufficiency economy philosophy reporting of listed companies in the Stock Exchange of Thailand

2019 ◽  
Vol 11 (2) ◽  
pp. 187-206
Author(s):  
Muttanachai Suttipun
Keyword(s):  
Longitudinal Study ◽  
Stock Exchange ◽  
Country Of Origin ◽  
Listed Companies ◽  
Annual Reports ◽  
Average Score ◽  
Content Type ◽  
Significant Difference ◽  
Stock Exchange Of Thailand ◽  
Sufficiency Economy Philosophy

Purpose The purpose of this paper is to investigate the extent and pattern of the sufficiency economy philosophy (SEP) reporting of listed companies from the Stock Exchange of Thailand (SET) between 2012 and 2016, and to compare the SEP scores of reporting in the companies’ corporate annual reports during the period studied and between four groups of interest, based on ownership status, country of origin of company, type of auditor and type of industry. Design/methodology/approach Listed companies of the SET were used as the population, whereas a sample of 70 firms was investigated in the study. Content analysis by checklist was used to quantify the extent and pattern of SEP reporting in annual reports. Findings The results showed that the average score for SEP reporting was 44.28 out of a possible 64 categories of reporting included in the checklist. Moreover, there was a significant increase in the SEP reporting score during the period studied. The results also indicated that there was a significant difference in the SEP reporting scores between groups, based on country of origin, auditor type and industry type. Originality/value As the first longitudinal study of SEP reporting in Thailand, the study demonstrated the effective rule of SET to Thai listed companies providing higher voluntary information reporting during period being study.

scholarly journals Determinants of Environmental Disclosure in Thai Corporate Annual Reports

2012 ◽  
Vol 2 (1) ◽  
pp. 99 ◽  
Author(s):  
Muttanachai Suttipun ◽  
Patricia Stanton
Keyword(s):  
Information Disclosure ◽  
Stock Exchange ◽  
Developed Countries ◽  
Environmental Information ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Industry Group ◽  
Common Location ◽  
Simple Sampling

This study investigated the extent and content of environmental information disclosure provided in the annual reports of companies listed on the Stock Exchange of Thailand (SET), and tested whether there were any relationships between the amount of environmental disclosure and a number of company characteristics used in previous studies conducted in more developed countries. By using a simple sampling method, 75 listed companies were selected for inclusion in the study based on their 2007 annual reports. The findings indicate that 62 companies (83%) provided environmental information in their annual reports. Companies in the resources industry group made the most disclosure of environmental information, while the least disclosure was made by companies in the agricultural and food industries group. The most common location of environmental reporting in annual reports was under the topic of corporate governance. The most common themes of disclosures were environmental policy, environmental activities, and waste management. There was a positive relationship between the amount of environmental disclosures and size of company.

Measuring performance in corporate environmental reporting in Nigeria

2020 ◽  
Vol 24 (2) ◽  
pp. 183-195
Author(s):  
Oluwamayowa Olalekan Iredele
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Environmental Information ◽  
Annual Reports ◽  
Current Status ◽  
Multiple Sources ◽  
Environmental Reporting ◽  
Content Type ◽  
Sustainability Reports ◽  
Corporate Environmental Reporting

Purpose The purpose of this study is to measure the current level of corporate environmental reporting (CER) in the developing economy of Nigeria. This is with a view to drive the effort of firms towards improving on the present practice. An attempt is made to also determine the extent to which the level of CER differs on account of firm characteristics. Design/methodology/approach The study used data for the top 40 companies on the Nigerian stock exchange as of 31 December 2017 based on market capitalization. The annual reports, company website and sustainability reports were the major sources of data. The paper used descriptive statistics and one-way analysis of variance to analyse data. Findings Despite the attempt to explore multiple sources in obtaining environmental information, empirical evidence from the present study confirms that the level of environmental reporting is low; most companies report environmental issues through the website. It further found an association between CER and firm size. Practical implications The findings will be of interest to policymakers and regulators on the need to regulate environmental reporting. Thus, motivating firms towards better environmental performance in Nigeria. Originality/value The paper extends environmental reporting research in Nigeria beyond the use of annual reports. It captured environmental information reported through the website and sustainability reports. It provides information on the current status in terms of quality and content of information reported. Finally, it found that firm size is a contingent factor for CER in Nigeria.

scholarly journals The effect of integrated reporting on corporate financial performance: Evidence from Thailand

2017 ◽  
Vol 15 (1) ◽  
pp. 133-142 ◽  
Author(s):  
Muttanachai Suttipun
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Simple Random Sampling ◽  
Annual Reports ◽  
Corporate Financial Performance ◽  
Integrated Reporting ◽  
Stock Exchange Of Thailand ◽  
Corporate Social ◽  
Environmental Capital

The objectives of the study were to investigate the extent and level of integrated reporting in the annual reports of companies listed on the Stock Exchange of Thailand (SET), to test the different level of integrated reporting between SET100 companies and Non-SET100 companies, and between Corporate Social Responsibility (CSR) award companies and Non-CSR award companies, and to test the effect of integrated reporting on the corporate financial performance. By simple random sampling, 150 listed companies from the SET were selected for use as the sample. Content analysis was used to quantify the extent and level of integrated reporting in annual reports between 2012 and 2015. As the results, the companies provided an average of 603.59 words of integrated reporting in annual reports during the period being study. Intellectual capital reporting was the most common form of integrated reporting by the companies, while environmental capital reporting was the least common form. There were significant differences in the level of integrated reporting between SET100 and non-SET100 companies, as well as between CSR award and non-CSR award companies. Manufactured capital reporting and holding a CSR award positively affected corporate financial performance, while the corporate financial performance was negatively related to environmental capital reporting.

scholarly journals Environmental and social responsibility reporting. Do Macedonian companies disclose those information and how?

2015 ◽  
Vol 8 (2) ◽  
pp. 220-231
Author(s):  
Jadranka Mrsik ◽  
Ninko Kostovski
Keyword(s):  
Environmental Impact ◽  
Social Responsibility ◽  
Financial Reporting ◽  
Stock Exchange ◽  
Annual Reports ◽  
Regulatory Body ◽  
Environmental Reporting ◽  
Financial Reports ◽  
The Government ◽  
Transparency And Disclosure

Abstract Incorporating environmental impact into financial reports is becoming standard practice in the 21st Century. Investors are aware of the need for environmentally correct operations since failures in this domain lower the price of shares. However, in terms of regulation, in most of the countries, environmental reporting remains voluntary. Institutions dealing with development and promotion of the modern accounting and financial reporting standards encourage companies to concurrently report for their environmental activities. The only question is how. Accounting may include information on the environmental impact only if it is quantitative and monetary. Since many nuances of the issues remain difficult to quantify, corporations opt to separately report on their environmental practices. The aim of this paper is to examine the accounting and stock market regulations and the practice of reporting for environmental impact of the operations of the leading Macedonian companies. We selected ten companies that make the Macedonian Stock Exchange Index and additional five companies with significant environmental impact. We reviewed their annual reports and interviewed their financial officers. The results show that the environmental and social responsibility reporting is left to the companies and their management and its perception of the need for keeping posted the major stakeholders and the most appropriate way to do it. As a consequence, many large Macedonian companies do not refer to these issues in their annual addressing to the stakeholders. The findings of this paper can motivate the regulatory body and the government to require more transparency and disclosure of the sustainability information.

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