IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiiiy2020i4p201-224.html
   My bibliography  Save this article

Assessment of the Scope of Environmental Information Disclosure in External Reporting of Polish Stock Exchange Listed Companies in the Energy Sector

Author

Listed:
  • Iwona Majchrzak
  • Bozena Nadolna

Abstract

Purpose: The objective of this paper is to compare the scope of disclosures of environmental information in the annual reports of the largest listed companies of the energy sector in Poland. Design/Methodology/Approach: The initial part of the article presents regulatory requirements for the scope of disclosure of environmental information in the annual reports of listed companies. Next, the qualitative, quantitative and valuable information contained in the annual reports of the largest energy listed companies in the area of their impact on the natural environment was subject to comparative analysis. Findings: The results of the empirical research carried out indicate that in the years 2016-2018 all analyzed companies, despite the fact that in their business model refer to the use of GRI standards, the form and place of presenting environmental information in the reports of individual companies is varied. In addition, the scope of content, shape and position of this information in the annual reports of the same companies over the years assessed also indicate significant differences. Practical Implications: A considerable variety of reporting on the environmental impacts of the energy companies prevents full comparability of data on the impact of the their activities on the natural environment and ways to counteract its degradation. Originality/value: In order to solve the identified problem, Polish energy companies should be obliged to report on the environment according to a unified template, so that the information they prepare is comparable and form the basis for making rational management decisions in the area of environmental impacts.

Suggested Citation

  • Iwona Majchrzak & Bozena Nadolna, 2020. "Assessment of the Scope of Environmental Information Disclosure in External Reporting of Polish Stock Exchange Listed Companies in the Energy Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 201-224.
  • Handle: RePEc:ers:journl:v:xxiii:y:2020:i:4:p:201-224
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/journal/1680/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mark Anthony Camilleri, 2017. "Corporate Sustainability, Social Responsibility and Environmental Management," Springer Books, Springer, number 978-3-319-46849-5, January.
    2. Eleftherios Thalassinos & Diana-Mihaela Pociovalisteanu, 2007. "A Time Series Model for the Romanian Stock Market," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 57-72.
    3. Diana-Mihaela Pociovalisteanu & Eleftherios Thalassinos & Aurelian Tirca & Walter Leal Filho, 2010. "Trends and challenges in the energy sector of Romania in the post-accession to the European Union," International Journal of Environmental Technology and Management, Inderscience Enterprises Ltd, vol. 12(1), pages 3-15.
    4. Eleftherios Thalassinos & Pantelis E. Thalassinos, 2006. "Stock Markets' Integration Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 3-14.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tomasz Trojanowski, 2021. "Sustainable Environmental Management in an Energy Company: A Case Study," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 89-101.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anis Chariri & Indira Januarti, 2017. "Audit Committee Characteristics and Integrated Reporting:Empirical Study of Companies Listed on the Johannesburg Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 305-318.
    2. Isabella Damdinovna Elyakova & Aleksandr Andreyevich Khristoforov & Aleksandr Lvovich Elyakov & Larisa Ivanovna Danilova & Tamara Aleksandrovna Karataeva & Elena Vladimirovna Danilova, 2017. "Forecast Scenarios of World Prices for Natural Gas," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 284-297.
    3. Mahjus Ekananda & Dion Jogi Parlinggoman, 2017. "The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 194-212.
    4. Rafal Czyzycki & Konrad Kochanski, 2023. "Regional Differences in Energy Policy Changes of EU Countries in 2012-2021," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 492-499.
    5. Zhanarys S. Raimbekov & Bakyt U. Syzdykbayeva & Kamshat P. Mussina & Luiza P. Moldashbayeva & Bakytzhamal A. Zhumataeva, 2017. "The Study of the Logistics Development Effectiveness in the Eurasian Economic Union Countries and Measures to Improve it," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 260-276.
    6. Vazakidis Athanasios & Adamopoulos Antonios, 2012. "Stock Market Development and Economic Growth an Empirical Analysis," American Journal of Economics and Business Administration, Science Publications, vol. 4(2), pages 135-143, June.
    7. Magdalena Ziolo & Iwona Bak & Anna Spoz & Beata Zofia Filipiak & Jaroslaw Kozuba & Piotr Niedzielski, 2020. "A Sustainable Approach for Financial and Energy Markets: The Perspective of OECD European Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 462-487.
    8. Alexander Lvovich Elyakov & Isabella Damdinovna Elyakova & Larisa Ivanovna Danilova & Alexander Andreevich Khristoforov & Oleg Ilich Kondratev & Valentina Vasilyevna Grigoryeva, 2017. "History and Prospects of Natural Gas Pricing in Continental Europe in Conditions of Instability of World Oil Prices," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 323-338.
    9. Veronica Yu. Chernova & Vasily S. Starostin & Galina V. Butkovskaya & Alexander M. Zobov, 2017. "Role of MNCs in Changing Preferences for Food Consumption in Russia under Import Substitution," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 158-166.
    10. Yury Yuryevich Rusanov & Natalia Nikolaevna Natocheeva & Tatiana Viktorovna Belyanchikova & Gulmira Sultanovna Bektenova, 2017. "Project Lending in Banking Risk Management," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 453-471.
    11. V.A. Slepov & V.K. Burlachkov & T.P. Danko & M.E. Kosov & I.I. Volkov & O.A. Grishina & V.D. Sekerin, 2017. "The Country's Economic Growth Models and the Potential for Budgetary, Monetary and Private Financing of Gross Domestic Product Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 488-500.
    12. Athanasios L. Athanasenas & Constantinos Katrakilidis, 2008. "An Eclectic Causality Model for Income Growth: Evidence from Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 31-46.
    13. G.P. Kourtis & L.P. Κourtis & M.P. Kourtis & P. Curtis, 2017. "Fundamental Analysis, Stock Returns and High B/M Companies," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 3-18.
    14. Grigory Viktorovich Prytkov & Natalia Yurievna Tsvetus & Artem Alexandrovich Balyakin & Andrey Sergeevich Malyshev & Sergey Borisovich Taranenko, 2017. "Scientific Cooperation between Russia and the EU in the Development and Use of Large Research Infrastructure," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 338-353.
    15. Olga Bergal, 2020. "Innovative Energy Clusters' Infrastructure," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 361-376.
    16. Cornel Oros, 2009. "Economic Governance in an Asymmetric Monetary Union: A Fiscal Policy Game Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 39-60.
    17. Tale Geddafa, 2023. "The Effects of Domestic Private Investment on Ethiopian Economic Growth: Time Series Analysis," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 13(4), pages 26-56.
    18. Danuta Milaszewicz & Kesra Nermend, 2020. "Application of Vector Measure Construction Methods to Estimate Quality of Institutions: Nations in Transition," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 16-29.
    19. Klopotan, Igor, 2018. "Social Responsibility of Companies in Contemporary Business," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2018), Split, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Split, Croatia, 6-8 September 2018, pages 364-372, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    20. Israel Luski & Mosi Rosenboim, 2009. "Optimal policy for FDI incentives: An auction theory approach," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 61-76.

    More about this item

    Keywords

    Environmental information; environmental reports; listed companies; energy sector.;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiii:y:2020:i:4:p:201-224. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.