scholarly journals The quality of environmental disclosure in various reporting media of oil and gas companies in developing countries

2016 ◽  
Vol 14 (1) ◽  
pp. 203-218 ◽  
Author(s):  
Abdullah Hamoud Ismail ◽  
Azhar Abdul Rahman
Keyword(s):  
Developing Countries ◽  
Oil And Gas ◽  
Public Awareness ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Corporate Managers ◽  
Corporate Environmental Reporting ◽  
Oil And Gas Companies

Corporate environmental reporting (CER) plays important role due to the increase in public awareness of environmental issues. Hence, to be beneficial, corporate managers should not merely display CER information but rather emphasize on the quality of information disclosed. The quality of CER can be seen as a key value for companies and many benefits could be provided if companies released high quality environmental information. Prior environmental disclosure literature has not focused much on disclosure quality; instead, it concentrated on the quantity of disclosure. In addition, most of the few studies that focused on quality of environmental disclosure have revealed low level of quality of such disclosure. Therefore, this study aims to investigate the quality of environmental disclosure in different reporting mediums by oil and gas companies in developing countries. Using content analysis, an index and scoring scheme were applied to the annual reports, stand-alone reports and corporate homepages of a sample of 116 oil and gas companies in 19 developing countries. The results of this study reveal that the quality of the environmental disclosure of the sample companies is relatively high compared to previous studies. This study has important implications in enhancing the understanding of environmental disclosure practices of oil and gas companies in developing countries.

Methodology for Assessing the Disclosure Quality of Corporate Social and Environmental Responsibility Information

2017 ◽  
Vol 2017 (2) ◽  
pp. 3-21
Author(s):  
Anastasiya Kornilova ◽  
Sergey Nikonorov
Keyword(s):  
Information Disclosure ◽  
Oil And Gas ◽  
Practical Significance ◽  
Annual Reports ◽  
The Arctic ◽  
Environmental Responsibility ◽  
Disclosure Quality ◽  
Corporate Social ◽  
Oil And Gas Companies

The subject of this study is corporate social and environmental responsibility. The object is the assessment of responsibility information disclosure quality based on the methodology developed by the authors and responsibility model. Analysis of the disclosure quality is based on data from public sources — annual nonfinancial reports of companies. This study shows examples of assessment methodology application for six Russian oil and gas companies — «Gazprom Neft», «Lukoil», «Rosneft», «Zarubezhneft», «Surgutneftegaz» and «Novatek» — based on their 2014 annual reports. The purpose of the research is to present a methodology for assessing the information disclosure quality in companies’ public sources of information about their social and environmental responsibility practices. The main results of the study is to present the methodology with practical examples of its use. The uniqueness of the study lies in the fact that the methodology is based on indicators of the Model of corporate social and environmental responsibility which is developed by the authors’. The practical significance of the study is determined by the possibility to apply the developed methodology for assessing the disclosure quality of social and environmental responsibility for companies from other sectors and based in other countries. Study the disclosure of social and environmental responsibility in the companies’ annual reports is part of a larger study of environmental and social responsibility of Russian oil and gas companies that have their projects in the Arctic region.

Corporate environmental reporting

2000 ◽  
Vol 13 (1) ◽  
pp. 10-26 ◽  
Author(s):  
Trevor D. Wilmshurst ◽  
Geoffrey R. Frost
Keyword(s):  
Mail Survey ◽  
Environmental Information ◽  
Influential Factors ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Reporting Practices ◽  
Perceived Importance ◽  
Specific Factors ◽  
Corporate Environmental Reporting

This paper analyses the link between the importance, as stated by reporters, of specific factors in the decision to disclose environmental information and actual reporting practices. Through a mail survey, chief finance officers (CFOs) of selected Australian companies rated the perceived importance of specific factors in the decision to disclose environmental information. Environmental disclosure within respondents’ annual reports were reviewed and an analysis was undertaken to determine if relationships existed between actual reporting practices and ratings of importance assigned to various factors. The results indicate some significant correlations between the perceived importance of a number of factors and environmental reporting practices. The results of the analysis provide limited support for legitimacy theory as an explanatory link between identified influential factors in management’s decision process and actual environmental disclosure.

Corporate Social Responsibility Commitment and Environmental Disclosures Quality: Study of the French Context

2019 ◽  
Vol 9 (11) ◽  
pp. 305-320
Author(s):  
Zouhaira Khelil- Rhouma ◽  
Mounira Hamed- Sidhom
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Industrial Firms ◽  
Proactive Approach ◽  
Environmental Disclosures ◽  
Corporate Social

The aim of this study is to examine the effect of firms’ corporate social responsibility commitment (CSR) on the quality of their environmental reporting. The proactive approach of the legitimacy theory is retained to formulate our expectations. We develop a multidimensional content analysis index used to apprehend environmental disclosure faithfulness dimensions. The variance analysis is applied to these indicators classified according to the variables of CSR commitment for a sample of French industrial firms listed in the SBF120 index. The study confirms the proactive approach of legitimacy. It provides empirical evidence in the French context that firms use environmental reporting for accountability with a substantial legitimation strategy. Indeed, most CSR committed sampled firms disclose in their annual reports more comprehensive mandatory environmental information and more abundant and precise voluntary information than others. They also tend to introduce more statements to justify the credibility of their disclosures than less committed firms.

It’s the Time to Assess the Quality of National CSR

2018 ◽  
Vol 6 (6) ◽  
pp. 252
Author(s):  
Eva Rianty Angelina Sitanggang ◽  
Basuki . ◽  
I Made Narsa
Keyword(s):  
Developing Countries ◽  
Social Responsibility ◽  
Community Involvement ◽  
Public Awareness ◽  
Quality Criteria ◽  
Developed Countries ◽  
Environmental Damage ◽  
Environmental Disclosure ◽  
Use Of Resources

Most companies in the implementation of social responsibility using a number of the company's budget for pro-social activities and philanthropy. Cited from some previous research that factors are more expressed in CSRD (Corporate Social Responsibility Disclosure) is human resources and community involvement while Environmental disclosure still require more attention. Not concern in environmental issues will threat the sustainability of the environmental and community life itself. Some economists realized that the quality of the environment has an inverse relationship (trade-off), which means that efforts to accelerate economic growth will be followed by the environmental damage due to the depletion of natural resources and environmental degradation. The level of public awareness and businesses respond to the needs of nature conservation with an efficient use of resources is still very varied across the country. It is believed to be due to differences in the level of competitiveness across countries. The level of competitiveness is associated with innovation, skills (Fagerberg, 1996) and technology (Eisdofer and Hsu, 2011). Developed countries have a higher level of competitiveness compared with developing countries and some research suggests the implementation of CSR in developed countries is better when compared to developing countries. Companies are operating in the hightech industry has the opportunity to become the market leader, but this does not guarantee a high quality of CSR activities in that countries. To date, there has not been much research on measuring the quality of CSR. This study offers a measurement of the National CSR Index Quality for mining and metal sector. Researchers considered that the measure of quality for each business sector is not the same. This study uses content analysis of the aspects listed companies based on the quality criteria set out in this study.

Environmental disclosure quality: examining the impact of the stock exchange of Malaysia’s listing requirements

2015 ◽  
Vol 11 (4) ◽  
pp. 904-922 ◽  
Author(s):  
A.H. Fatima ◽  
Norhayati Abdullah ◽  
Maliah Sulaiman
Keyword(s):  
Stock Exchange ◽  
Listed Companies ◽  
Mandatory Reporting ◽  
Annual Reports ◽  
Disclosure Quality ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Content Type ◽  
Environmentally Sensitive

Purpose – The purpose of this study is to investigate the environmental disclosure (ED) quality of public-listed companies (PLCs) in environmentally sensitive industries (ESI) in Malaysia in 2005 and 2009 (two years before and two years after the mandatory corporate social responsibility (CSR) requirement of Bursa Malaysia (BM)). BM (The Stock Exchange of Malaysia) has made CSR, including ED in annual reports mandatory since 2007. This study compares environmental reporting (ER) before and after the 2007 mandatory reporting requirement to determine if this command and control mechanism has had any effect on the quality of ED. Design/methodology/approach – The quality of ED was measured using a disclosure quality index adapted from various prior studies. The index consists of a total of 46 disclosure items grouped into 9 categories. Content analysis was utilized to extract data from the annual reports of 164 PLCs in ESI. Findings – Overall, the quality of ED improved in 2009 from that of 2005. More importantly, companies disclosed more quantitative environmental information in 2009 than in 2005. However, the average quality of ED was still low in 2009 compared to the overall potential score. Results provide some support for legitimacy as well as institutional theories. Research limitations/implications – The sample of the study consisted of listed companies in ESI only; the results cannot be generalized to other companies in non-environmentally sensitive sectors. Practical implications – Prior studies that used data before the mandatory CSR requirement by BM found ED in annual reports mainly declarative in nature, generally low on quality and with little quantifiable data. The results of the present study provide evidence of the positive impact of mandatory environmental reporting on ED quality. Originality/value – The use of a multi-theoretical perspective may offer a more meaningful explanation of ER behavior in Malaysia. The results of the study would provide the impetus for regulatory agencies in developing countries to perhaps consider legislating ER. The findings provide some evidence to support the influence of legitimacy and institutional factors behind improved ED of Malaysian PLCs. This outcome exhibits a positive influence on the government efforts in promoting sustainability. Finally, the study contributes to present a more up-to-date account of environmental commitment undertaken by Malaysian corporations through their environmental reporting, after the CSR mandatory listing requirement took effect in 2007.

Analyzing the figures of consolidated statement of cash flows of the world's biggest publicly traded oil and gas corporations

2020 ◽  
Vol 19 (6) ◽  
pp. 1101-1120
Author(s):  
O.V. Shimko
Keyword(s):  
Public Sector ◽  
Cash Flow ◽  
Oil And Gas ◽  
Cash Flows ◽  
Annual Reports ◽  
Capital Expenditures ◽  
Publicly Traded ◽  
The Public ◽  
Statement Of Cash Flows ◽  
Oil And Gas Companies

Subject. The article investigates key figures disclosed in consolidated cash flow statements of 25 leading publicly traded oil and gas companies from 2006 to 2018. Objectives. The focus is on determining the current level of values of the main components of consolidated statement of cash flows prepared by leading publicly traded oil and gas companies, identifying key trends within the studied period and factors that led to any transformation. Methods. The study draws on methods of comparative and financial-economic analysis, as well as generalization of materials of consolidated cash flow statements. Results. The comprehensive analysis of annual reports of 25 oil and gas companies enabled to determine changes in the key figures and their relation in the structure of consolidated cash flow statements in the public sector of the industry. It also established main factors that contributed to the changes. Conclusions. In the period under study, I revealed an increase in cash from operating activities; established that capital expenditures in the public sector of the industry show an overall upward trend and depend on the level of oil prices. The analysis demonstrated that even integrated companies’ upstream segment prevail in the capital expenditures structure. The study also unveiled an increase in dividend payments, which, most of the time, exceeded free cash flows thus increasing the debt burden.

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