ESG materiality and risk prioritisation in an emerging market: a qualitative study
新興市場におけるESGマテリアリティとリスク優先順位付け：定性研究 (AI 翻訳)
Radhika Narula, Purnima Rao, Satish Kumar, Akshat Aditya Rao
🤖 gxceed AI 要約
日本語
インドのNSE上場企業を対象に、ESGマテリアリティ評価の実践を定性調査。GRI準拠のマテリアリティ・マトリックス分析と実務者インタビューから、ガバナンス関連項目（倫理、リスク管理、コンプライアンス）が最優先され、環境より社会・ガバナンス重視の傾向を明らかにした。規制圧力とステークホルダー期待が開示優先順位を形成することを示す。
English
This qualitative study examines ESG materiality assessment practices among NSE-listed Indian firms, combining GRI-based materiality matrix analysis with practitioner interviews. It finds governance topics (ethics, risk management, compliance) are prioritized, with social issues outweighing environmental ones, highlighting regulatory and stakeholder pressures shaping disclosure priorities.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示が始まり、マテリアリティ特定プロセスの重要性が増す。本稿の新興市場の実践は、日本企業のマテリアリティ評価のベンチマークや、規制対応と投資家対話の改善に示唆を与える。
In the global GX context
As ISSB and CSRD emphasize materiality, this study provides emerging-market evidence on how firms operationalize ESG materiality, offering comparative insights for global disclosure scholarship and practice.
👥 読者別の含意
🔬研究者:新興市場のESGマテリアリティ実践の詳細な定性エビデンスとして有用。
🏢実務担当者:マテリアリティ評価プロセスやステークホルダー関与の実践的示唆を得られる。
🏛政策担当者:規制圧力が開示優先順位に与える影響を理解し、開示基準設計に活用できる。
📄 Abstract（原文）
This study aims to examine how listed firms in an emerging market identify, assess and prioritise material environmental, social and governance (ESG) issues. Specifically, it explores the tools, processes and stakeholder engagement mechanisms that underpin ESG materiality assessments among NSE-listed Indian firms. The study adopts a two-phase qualitative research design. In Phase 1, a manual content analysis is conducted on Global Reporting Initiative (GRI)-based materiality matrices disclosed in the 2022–2023 sustainability reports of a purposive sample of 59 firms drawn from the top 500 NSE-listed companies. The analysis focuses on firms’ materiality assessment processes, materiality cycles and stakeholder engagement practices. In Phase 2, semi-structured interviews with sustainability managers and consultants associated with large NSE-listed firms are used to contextualise and enrich the documentary findings, providing practice-based insights beyond what is explicitly disclosed in sustainability reports. The findings indicate a clear prioritisation of governance-related material topics, with business ethics, risk management and regulatory compliance emerging as the most frequently reported high-priority issues. Within the social dimension, employee development, customer welfare, occupational health and safety, corporate social responsibility, product quality and employee well-being are identified as the most salient topics. Environmental materiality is primarily centred on climate change, regulatory compliance, life-cycle assessment and natural resource management. Across all ESG dimensions, material topics are classified into high, medium and low importance categories based on disclosure frequency, revealing a stronger emphasis on governance and social concerns than on environmental issues. This study contributes to the ESG and financial markets literature by providing fine-grained qualitative evidence on materiality assessment practices in an emerging market context. By combining manual content analysis with practitioner insights, the research advances understanding of how firms operationalise ESG materiality beyond mere compliance, highlighting the role of regulatory pressures and stakeholder expectations in shaping disclosure priorities.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1108/qrfm-01-2026-0016first seen 2026-07-31 07:08:15
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