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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2021-12-10  |  Accepted: 2022-02-10  |  Published: 2022-03-30

Title

On the relation between sustainability report and assurance standards in Brazilian financial institutions


Abstract

This study investigates the adherence to standards for assuring Sustainability Reports of financial Institutions listed on B3 stock market between 2016 and 2018. Drawing on 34 Brazilian institutions, we performed the content analysis of the criteria for sustainability assurance in relation to corporate governance by answering the question of how are the sustainability reports prepared by the financial institutions based on the corporate governance classification standards? We posit and find that among institutions investigated, 60.6% disclosed some type of Sustainability Report and only 50% (10 Institutions) performed sustainability assessment of the released reports. The assurance standards of the audited institutions follow 77.7% of the criteria identified as essential to integrity of such reports. This lens of reporting presents the constructs of probable choices aimed by the approaches among the financial institutions to show credibility and transparency. As a result, present a pattern of behaviours of these organisations towards a sustainability reporting. Overall, findings yield important insights on the criteria of sustainability assurance thus signaling a need for better monitoring scheme for voluntary disclosures.


Keywords

sustainability report, Global Reporting Initiative (GRI), assurance standards, corporate governance, financial market, financial institutions, Brazil


JEL classifications

M40 , M42


URI

http://jssidoi.org/jesi/article/950


DOI


Pages

298-316


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Aigner, Giovanna Facury
University of São Paulo, São Paulo, Brazil https://www5.usp.br
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Imoniana, Joshua Onome
University of São Paulo, São Paulo, Brazil https://www5.usp.br
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Silva, Washington Lopes
University of São Paulo, São Paulo, Brazil https://www5.usp.br
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Journal title

Entrepreneurship and Sustainability Issues

Volume

9


Number

3


Issue date

March 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 2221  |  PDF downloads: 900

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