Double Materiality in European Water-Sector Companies: Evidence from the First Application of the European Sustainability Reporting Standards
欧州水セクター企業における二重の重大性：欧州サステナビリティ報告基準の初適用からのエビデンス (AI 翻訳)
Salvador Marín‐Hernández, P. Fernández-Martínez, Esther Ortiz‐Martínez
🤖 gxceed AI 要約
日本語
本稿は、欧州サステナビリティ報告基準（ESRS）に基づく二重の重大性の開示実態を、欧州の水セクター企業の2024年報告から初めて実証的に分析。気候変動、水管理、循環経済などの環境トピックで収束が見られた一方、社会・ガバナンス開示は多様性が大きく、広範なカバレッジが必ずしも情報品質の高さを意味しないことを示唆。二重の重大性がセクター主導の優先順位付けメカニズムとして機能していると結論。
English
This study provides early empirical evidence on double materiality disclosure under ESRS, analyzing 2024 reports from leading European water-sector companies. Findings show strong convergence on environmental topics like climate change, water, and circular economy, but greater heterogeneity in social and governance disclosures. The results suggest that broader material coverage does not guarantee higher information quality, reinforcing double materiality as a sector-driven prioritization mechanism.
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
日本のSSBJは単一の重大性を採用しているが、二重の重大性への関心が高まっている。本稿は欧州水セクターの実践から、日本の水関連企業や規制当局が二重の重大性の適用を検討する際の参考となる示唆を提供する。
In the global GX context
As the first empirical study on double materiality under ESRS, this paper offers crucial early evidence for global policymakers and practitioners implementing double materiality frameworks, such as ISSB and SEC.
👥 読者別の含意
🔬研究者:Provides early empirical evidence on double materiality disclosure practices under ESRS, useful for researchers studying sustainability reporting standards.
🏢実務担当者:Water-sector sustainability teams can benchmark their double materiality assessment against leading European peers.
🏛政策担当者:Regulators in jurisdictions adopting double materiality (e.g., ISSB, SEC) can observe convergence patterns and disclosure quality challenges.
📄 Abstract（原文）
The use of European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) represents a major change in corporate sustainability reporting, particularly through the formalisation of the double materiality principle. Despite its regulatory relevance, empirical evidence on how organisations disclose double materiality remains limited, especially during the first reporting cycle. This study provides early empirical indicative evidence on the application of double materiality in disclosure following the initial ESRS reporting. It examines how leading European water-sector companies and environmental service providers with urban water activities integrated this approach into their 2024 sustainability disclosures. A mixed-methods design is applied, combining qualitative content analysis with descriptive quantitative checks of sustainability, ESG, and integrated reports. The disclosed material topics are assessed against the ESRS thematic framework. The findings indicate a strong convergence on the key environmental issues reported, notably climate change, water management, and circular economy-disclosed practices, including companies not yet fully subject to ESRS requirements. In contrast, social and governance disclosures suggest greater heterogeneity. Overall, the results suggest that broader material coverage does not necessarily imply higher information quality, as this reflects the breadth of disclosure rather than its quality, reinforcing double materiality as a sector-driven prioritisation mechanism.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://www.mdpi.com/2673-4060/7/7/106/pdf?version=1782733254first seen 2026-07-03 05:38:58
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。