Seeking credibility in environmental, social, and governance reporting
環境・社会・ガバナンス報告における信頼性の追求 (AI 翻訳)
Megan F. Hess, Andrew M. Hess
🤖 gxceed AI 要約
日本語
本研究は、ESG報告の信頼性向上策を探る混合研究。米国企業のGRI準拠報告書を分析し、ESG評価（Sustainalytics）が開示の幅や深さ、環境目標設定と正の関連があるが、目標未達成率や監査人の質とは無関係であることを示す。マネジャーやESG投資家への示唆を含む。
English
This mixed-methods study explores how managers can enhance credibility of ESG reporting. Analyzing U.S. companies' GRI-based reports from 2013-2019, it finds that ESG ratings are positively associated with disclosure breadth (more topics) and depth (environmental focus), setting environmental goals, and meeting targets, but not with goal failure rates or auditor quality. Offers insights for sustainability strategy and investment.
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開示基準の策定が進む中、任意開示の信頼性向上は実務上の課題。本稿の知見（開示の幅・深さと評価の連動）は、日本企業が統合報告書や有価証券報告書でESG情報を効果的に開示する際の参考となる。
In the global GX context
As global mandatory climate disclosure (ISSB, SEC) takes shape, this paper addresses the persistent credibility gap in voluntary ESG reporting. It provides empirical evidence that disclosure breadth and depth, not just assurance, are associated with higher ESG ratings—a key insight for corporate reporters and auditors worldwide.
👥 読者別の含意
🔬研究者:Contributes to the literature on ESG disclosure credibility by empirically testing factors beyond regulation that may enhance credibility.
🏢実務担当者:Shows that expanding ESG disclosure breadth and focusing on environmental goals and target achievement can improve ESG ratings, while pursuing high-quality assurance may not.
🏛政策担当者:Suggests that mandatory disclosure rules may be necessary to ensure credibility, as voluntary mechanisms like assurance alone may not boost ratings.
📄 Abstract（原文）
Prior studies warn that environmental, social, and governance (ESG) reporting can mask poor sustainability performance and artificially inflate company reputations, but the extant literature offers few solutions to this problem that do not involve regulatory reform (Cooper & Owen, 2007; Hess & Dunfee, 2007; Patekar & Mahajan, 2025). This study contributes to this research gap by exploring ways that managers can improve the credibility of their ESG reporting in a voluntary disclosure environment. Our mixed methods research design leverages data on disclosure, goal setting, goal performance, and assurance collected through a content analysis of the sustainability reports for a sample of publicly traded U.S. companies following the Global Reporting Initiative (GRI) reporting framework from 2013–2019. Our quantitative analyses suggest that ESG ratings (Sustainalytics) are positively associated with the number of sustainability topics disclosed (disclosure breadth), a decrease in economic disclosures, and an increase in environmental disclosures (disclosure depth), setting environmental goals, and successfully reaching sustainability targets. However, we see no association between ESG ratings and goal failure rates or the use of higher-quality auditors. These findings may be especially relevant for managers making decisions about sustainability strategy, disclosure, and assurance, and for ESG investors seeking to identify credible firms for sustainability-focused investment.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.22495/cgsrv10i2p3first seen 2026-05-14 22:01:14
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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。