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Disclosure of Sustainability Information Under the Corporate Social Responsibility Directive: The Degree of Compliance of Portuguese Stock Index Companies

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Listed:
  • Graça Azevedo

    (Higher Institute for Accountancy and Administration, University of Aveiro (ISCA-UA), 3810-193 Aveiro, Portugal
    Research Centre on Accounting and Taxation—CICF, 4750-821 Barcelos, Portugal)

  • Jonas Oliveira

    (BRU-Iscte—Business Research Unit (IBS), ISCTE—Instituto Universitário de Lisboa, 1649-026 Lisboa, Portugal)

  • Ivone Sousa

    (Higher Institute for Accountancy and Administration, University of Aveiro (ISCA-UA), 3810-193 Aveiro, Portugal)

  • Maria Fátima Borges

    (Higher Institute for Accountancy and Administration, University of Aveiro (ISCA-UA), 3810-193 Aveiro, Portugal)

  • Maria C. Tavares

    (Higher Institute for Accountancy and Administration, University of Aveiro (ISCA-UA), 3810-193 Aveiro, Portugal
    Research Unit on Governance, Competitiveness and Public Policies (GOVCOPP), University of Aveiro, 3810-193 Aveiro, Portugal)

  • José Vale

    (CEOS.PP—Centre for Organisational and Social Studies of Polytechnic of Porto, Porto Accounting and Business School, Polytechnic Institute of Porto, 4465-004 Matosinhos, Portugal)

Abstract

Europe has just published a new Directive on Corporate Sustainability Reporting disclosure and is elaborating new European Sustainability Reporting Standards. To analyze whether companies are complying with the new disclosure requirements before the Corporate Sustainability Reporting Directive (CRSD) on sustainability comes into force, a content analysis was carried out on the corporate reports of 12 companies in the Portuguese Stock Index of Euronext Lisbon for the year 2022, complemented by the score analysis technique. From the study of general disclosures (European Sustainability Reporting Standards—ESRS 2), we concluded that although some companies already comply with various requirements of this standard, they are not disclosing all the information required by ESRS 2 on sustainability. We also concluded, by analyzing the companies’ reports for 2022, that the requirements of the CSRD have different levels of disclosure.

Suggested Citation

  • Graça Azevedo & Jonas Oliveira & Ivone Sousa & Maria Fátima Borges & Maria C. Tavares & José Vale, 2025. "Disclosure of Sustainability Information Under the Corporate Social Responsibility Directive: The Degree of Compliance of Portuguese Stock Index Companies," IJFS, MDPI, vol. 13(1), pages 1-24, January.
    • Handle: RePEc:gam:jijfss:v:13:y:2025:i:1:p:13-:d:1572243
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    References listed on IDEAS

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