Comparative environmental disclosure practices: evidence from the UK and the USA
比較環境情報開示実務：英国と米国の証拠 (AI 翻訳)
Araya Eakpisankit, Kashan Pirzada
🤖 gxceed AI 要約
日本語
英国と米国の主要企業50社ずつの環境報告を2018-2019年で分析。英国企業は米国企業より開示内容が有意に少なく、規制・文化・正当性理論の影響を示唆。IFRS S1/S2やGRI基準の導入前の開示パターンを明らかにした。
English
This study compares environmental disclosure volumes of top 50 FTSE100 and S&P100 firms for 2018-2019. UK firms disclosed significantly less than US firms, reflecting regulatory and cultural differences. Findings support legitimacy theory and highlight how firms prepare for new standards like IFRS S1/S2.
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
日本企業がSSBJ/S1/S2対応を進める中、国ごとの開示文化の違いは重要。本稿は、規制・文化が開示量に与える影響を示し、日本企業の開示戦略立案に示唆を与える。
In the global GX context
The study provides evidence that national contexts shape environmental disclosure volumes, reinforcing legitimacy theory. As ISSB standards gain global traction, understanding these cross-country variations helps anticipate how firms in different regulatory environments might adapt.
👥 読者別の含意
🔬研究者:Provides comparative evidence on how regulatory and cultural factors influence environmental disclosure, supporting legitimacy theory.
🏢実務担当者:Highlights that disclosure levels vary by country and over time, suggesting firms should monitor peer practices and regulatory expectations.
🏛政策担当者:Demonstrates that disclosure mandates and cultural norms significantly affect reporting behavior, informing policy design for new standards.
📄 Abstract（原文）
This study examines environmental reporting practices among leading firms in the United Kingdom (UK) and the United States of America (USA) by analyzing the top 50 firms from the Financial Times Stock Exchange 100 (FTSE100) and the Standard & Poor 100 (S&P100) indices during 2018 and 2019. Using volumetric metrics from annual and stand-alone reports, we assess disclosure patterns prior to the adoption of the revised Global Reporting Initiative (GRI) Standards and in anticipation of the International Financial Reporting Standards (IFRS) S1 and S2. Statistical analyses including correlation tests and both independent and paired sample t-tests reveal three key findings: (1) UK firms disclosed significantly less environmental content than US firms, suggesting strategic prioritization of other environmental, social, and governance (ESG) topics and alignment with national reporting expectations; (2) strong correlations among volumetric disclosure measures, coupled with statistically significant shifts over time, indicate that firms exhibit both consistency and adaptability in disclosure practices; and (3) significant differences in disclosure volumes between the two countries confirm the influence of regulatory systems, national cultures, and reporting norms. These findings support legitimacy theory and suggest that the environmental disclosure volume highlights the role of institutional and cultural contexts. They illustrate how multinational corporations navigate regulatory changes and prepare for new standards, offering a valuable perspective for evaluating corporate environmental accountability. This study underscores the continuing relevance of legitimacy theory and calls for further research into the drivers of voluntary sustainability reporting in a shifting regulatory landscape.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1080/23311975.2025.2534093first seen 2026-05-05 19:08:39
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