ENVIRONMENTAL, SOCIAL AND GOVERNANCE FACTURES: A STUDY OF THE EUROPEAN OECD COUNTRIES WITH THE HIGHEST CO2 EMISSIONS

Jonas Adriel dos Santos Grodt; Yvelise Giacomello Piccinin; Lucas Veiga Avila; Larissa Degenhart

doi:10.1590/SciELOPreprints.16274

##article.authors##

Jonas Adriel dos Santos Grodt Sul-rio-grandense Federal Institute https://orcid.org/0000-0002-5517-1830
- Conceptualization
- Data Curation
- Formal Analysis
- Funding Acquisition
- Investigation
- Software
- Writing – Original Draft Preparation
- Writing – Review & Editing
Yvelise Giacomello Piccinin Federal University of Santa Maria https://orcid.org/0000-0002-3537-1667
- Conceptualization
- Data Curation
- Formal Analysis
- Funding Acquisition
- Investigation
- Software
- Writing – Original Draft Preparation
- Writing – Review & Editing
Lucas Veiga Avila Federal University of Santa Maria https://orcid.org/0000-0003-1502-258X
- Formal Analysis
- Investigation
- Methodology
- Software
- Supervision
- Validation
- Writing – Review & Editing
Larissa Degenhart Federal University of Santa Maria https://orcid.org/0000-0003-0651-8540
- Formal Analysis
- Investigation
- Methodology
- Supervision
- Validation

DOI:

https://doi.org/10.1590/SciELOPreprints.16274

Keywords:

Environmental, Social and Governance (ESG) Disclosure, Organization for Economic Cooperation and Development (OECD), European Countries

Abstract

This article analyzes the factors related to environmental, social, and governance (ESG) disclosure in the most polluting European OECD countries. The quantitative and descriptive research method employs documentary research for data collection. The analysis covers ten years (2010–2019) and includes an unbalanced sample of companies from five European countries. The results indicate that the impact of ESG disclosure varies depending on company characteristics and differs across countries and pillars. Notably, company size is positively related to ESG disclosure in all countries. These findings have implications for business management, suggesting that strategies should consider company size, profitability, financial leverage, market performance, and sector to enhance ESG disclosure, improve stakeholder perception, and address agency issues.