Powering Transparency: Global Drivers of Sustainability Reporting in the Electricity Sector
透明性の強化：電力セクターにおけるサステナビリティ報告のグローバルな促進要因 (AI 翻訳)
Alva Marasigan, M. Houqe, Warwick J. Stent, Olayinka Moses
🤖 gxceed AI 要約
日本語
この研究は電力セクターにおけるサステナビリティ報告の質（QSR）を関連性と信頼性の2次元で分析。持続可能性パフォーマンス、GRI採用、機関投資家・外国人投資家の存在がQSRを高める一方、法の支配やカーボンプライシング政策は開示の関連性に負の影響を与える。IFRS S1/S2義務化に向けた示唆を提供する。
English
This study examines drivers of sustainability reporting quality (QSR) in the electricity sector using two dimensions: relevance and reliability. Using S&P Global Top 250 data, it finds that sustainability performance, GRI adoption, and institutional/foreign investors enhance QSR, while rule of law and carbon pricing negatively affect disclosure relevance. The findings offer insights for mandatory reporting under IFRS S1 and 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
SSBJに基づく日本でのサステナビリティ開示義務化を背景に、本論文は規制の強さが開示の質に与える負の影響を示唆。電力セクターはGXの中心であり、日本の企業・政策担当者は過度な規制が逆に透明性を低下させる可能性を考慮すべき。
In the global GX context
As jurisdictions worldwide transition to mandatory sustainability reporting under IFRS S1 and S2, this paper provides cross-national evidence that carbon pricing policies may reduce disclosure relevance. Standard setters should balance regulatory stringency with market-based mechanisms like investor pressure to maintain high-quality reporting.
👥 読者別の含意
🔬研究者:This paper offers a two-dimensional framework for reporting quality and empirical evidence on institutional drivers, contributing to the disclosure literature.
🏢実務担当者:Corporate sustainability teams in the electricity sector can leverage these findings to improve reporting credibility by attracting institutional investors and adopting GRI.
🏛政策担当者:Regulators should be cautious that carbon pricing may inadvertently lower disclosure relevance, and consider complementing regulation with market-based incentives.
📄 Abstract（原文）
We examine the drivers of sustainability reporting quality (QSR), conceptualised along two complementary dimensions, relevance and reliability, to assess how firm‐level attributes and institutional conditions jointly shape disclosure practices in the electricity sector. Using data from S&P Global Top 250, we find that stronger sustainability performance, the adoption of the Global Reporting Initiative framework, and the presence of institutional and foreign investors are positively associated with higher QSR. These underscore the importance of internal performance, established reporting frameworks, and market‐based mechanisms in enhancing the credibility and decision usefulness of sustainability reporting. In contrast, rule of law and carbon pricing policies exhibit negative associations with disclosure relevance, suggesting strategic opacity or compliance fatigue in more highly regulated environments. This study provides industry‐specific, cross‐national evidence from a critical yet underexplored sector. The findings offer timely insights for managers, regulators, investors and standard setters as mandatory sustainability reporting under IFRS S1 and S2 is implemented across jurisdictions.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1002/bse.70606first seen 2026-05-15 18:16:46
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