Desafios da gestão corporativa em aspectos de environmental social and governance em empresas da América Latina: Challenges of corporate management in aspects of environmental social and governance in companies at Latin American

Rochele Ferreira da Silva da Silva; Lucas Veiga Avila

doi:10.33362/visao.v13i1.3430

Autores

Rochele Ferreira da Silva da Silva UFSM https://orcid.org/0000-0002-3340-3856
Lucas Veiga Avila UFSM https://orcid.org/0000-0003-1502-258X

DOI:

https://doi.org/10.33362/visao.v13i1.3430

Palavras-chave:

Responsabilidade social corporativa (RSC), Relatórios de environmental social and governance (ESG), América Latina

Resumo

Neste artigo, realizamos uma pesquisa com o objetivo de analisar, avaliar e compreender de maneira abrangente os múltiplos aspectos relacionados à dimensão Ambiental (ambiental), Social (social) e Governança (governança corporativa) em empresas sediadas na região da América Latina. Quanto ao método, classifica-se como um estudo documental, qualitativo e descritivo. A coleta foi realizada no relatório avanços e desafios da gestão corporativa em aspectos de ESG na América Latina de 5.200 empresas sediadas em 52 países. Para garantir a robustez das informações coletadas, foram utilizadas várias fontes de dados, incluindo relatórios anuais, relatórios integrados, relatórios de sustentabilidade e informações disponíveis online. Destaca-se que os relatórios analisados abrangem o período de julho de 2019 a junho de 2020. A análise abrangente dos dados, conduzida por meio da técnicas de análise proporcionou insights importantes sobre a divulgação de práticas sustentáveis nas empresas da norma denominada N100. Um resultado notável revelado por esse estudo foi que o Relatório GRI (Global Reporting Iniciative) foi amplamente utilizado, com uma impressionante taxa de adoção de 95% entre as empresas. Essa alta taxa de uso ressalta a crescente importância da divulgação por meio de relatórios de sustentabilidade como uma prática essencial para as empresas. Esses resultados demonstram o reconhecimento generalizado da necessidade de comunicar de forma transparente os impactos sociais e ambientais, ressaltando o compromisso das organizações em direção a uma abordagem mais sustentável.

Palavras-Chave: Responsabilidade social corporativa (RSC), Relatórios de environmental social and governance (ESG), América Latina.

Abstract: In this research study, we carried out an extensive and detailed investigation with the goal to analyze, evaluate and comprehend in a vast way the multiple aspects related to the Environment (environment), Social (social) and Governance (corporate governance) in companies based in the Latin America region. In terms of the method it is classified as a documentary study, qualitative and descriptive. The data collection was carried out in the report “Advances and challenges in the corporate management in aspects of ESG in Latin America in the period of September 2021 from 5.200 companies based in 52 countries. To secure the strength of the information collected, various sources were used, including annual reports, integrated reporting, sustainability reports and information available online. It’s emphasized that the reports analyzed cover the period from July 2019 to June 2020. Extensive data analysis, conducted through content analysis techniques, provided significant insights about the diffusion of sustainable practices in N100 companies. A remarkable result revealed by this study was that the GRI Report was widely used, with an impressive 95% donation fee among the 2.668 verified companies. This high usage rate emphasizes the growing value of exposure through sustainability reports as an essential practice for companies. It exhibits the widespread recognition of the need to communicate transparently about the social and environmental impacts, reinforcing the organizations’ commitment towards a more sustainable approach.

Keywords: Corporate social responsibility (CSR), Environmental reports, social and governance (ESG), Latin America.

Biografia do Autor

Rochele Ferreira da Silva da Silva, UFSM

Mestra em Ciências Contábeis pela Universidade Federal de Santa Maria.

Lucas Veiga Avila, UFSM

Doutor em Administração. Professor permanente do Programa de Pós-Graduação em Engenharia de Produção. Universidade Federal de Santa Maria.

Referências

Abdul Rahman, R., & Alsayegh, M. F. (2021). Determinants of corporate environment, social and governance (ESG) reporting among Asian firms. Journal of Risk and Financial Management, 14(4), 167. DOI: https://doi.org/10.3390/jrfm14040167

Abeysekera, I. (2022). A framework for sustainability reporting. Sustainability Accounting, Management and Policy Journal, 13(6), 1386-1409. DOI: https://doi.org/10.1108/SAMPJ-08-2021-0316

Abhayawansa, S., & Adams, C. (2021). Towards a conceptual framework for non-financial reporting inclusive of pandemic and climate risk reporting. Meditari Accountancy Research, 30(3), 710-738. DOI: https://doi.org/10.1108/MEDAR-11-2020-1097

Aboud, A., & Diab, A. (2018). The impact of social, environmental and corporate governance disclosures on firm value: Evidence from Egypt. Journal of Accounting in Emerging Economies, 8(4), 442-458. DOI: https://doi.org/10.1108/JAEE-08-2017-0079

Albuquerque de Melo, L. S., & Nóbrega Barbosa, M. de F. (2023). Análise dos ODS divulgados nos relatórios de sustentabilidade das empresas com alto potencial poluidor, integrantes do setor de Petróleo, Gás e Biocombustível da B3. REUNIR Revista de Administração Contabilidade e Sustentabilidade, 13(1), 77-94. DOI: 10.18696/reunir.v13i1.1556

Atkins, B. (2020). Demystifying ESG: Its history & current status. Forbes Markets. Link

Aversano, N., et al. (2022). Corporate social responsibility, stakeholder engagement, and universities. Administrative Sciences, 12(3), 79. DOI: https://doi.org/10.3390/admsci12030079

Bahri, S., & Cahyani, F. A. (2017). Pengaruh Kinerja Lingkungan Terhadap Corporate Financial Performance Dengan Corporate Social Responsibility Disclosure Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bei). Ekonika: Jurnal Ekonomi Universitas Kadiri, 1(2). DOI: 10.30737/ekonika.v1i2.11

Bardin, L. (2011). Análise de conteúdo. São Paulo: Edições.

Baumgartner, R. J. (2013). Managing corporate sustainability and CSR: A conceptual framework combining values, strategies and instruments contributing to sustainable development. Corporate Social Responsibility and Environmental Management, 21(5), 258-271. DOI: https://doi.org/10.1002/csr.1336

Bebbington, J., & Unerman, J. (2018). Achieving the United Nations Sustainable Development Goals: an enabling role for accounting research. Accounting, Auditing & Accountability Journal, 31(1), 2-24. DOI: https://doi.org/10.1108/AAAJ-05-2017-2929

Bebbington, J., & Unerman, J. (2020). Advancing research into accounting and the UN sustainable development goals. Accounting, Auditing & Accountability Journal, 33(7), 1657-1670. DOI: https://doi.org/10.1108/AAAJ-05-2020-4556

Berning, S. C. (2019). The role of multinational enterprises in achieving sustainable development-the case of Huawei. European Journal of Sustainable Development, 8(3), 194-194. DOI: doi.org/10.14207/ejsd.2019.v8n3p194

Beyne, J., Visser, W., & Allam, I. (2021). Sustainability reporting in the Antwerp port ecosystem, Belgium: understanding the relationship between reporting on the sustainable development goals and integrated thinking. Frontiers in Sustainability, 2, 689739. DOI: doi.org/10.3389/frsus.2021.689739

Bhagat, S., & Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finance, 14(3), 257-273. DOI: https://doi.org/10.1016/j.jcorpfin.2008.03.006

Biermann, F., et al. (2022). Scientific evidence on the political impact of the Sustainable Development Goals. Nature Sustainability, 5(9), 795-800. DOI: https://doi.org/10.1038/s41893-022-00909-5

Biermann, F., Kanie, N., & Kim, R. E. (2017). Global governance by goal-setting: the novel approach of the UN Sustainable Development Goals. Current Opinion in Environmental Sustainability, 26, 26-31. DOI: https://doi.org/10.1016/j.cosust.2017.01.010

Board, Financial Stability. (2017). Recommendations of the task force on climate-related financial disclosures. Disponível em: https://apo.org.au/node/97651

Brooks, C., & Oikonomou, I. (2018). The effects of environmental, social and governance disclosures and performance on firm value: A review of the literature in accounting and finance. The British Accounting Review, 50(1), 1-15. DOI: https://doi.org/10.1016/j.bar.2017.11.005

Careon, L. H., & Silva, S. F. da. (2010). Sustentabilidade ambiental nas organizações: Sustentabilidade empresarial para a micro e pequena empresa. In: Seminário de Administração da FEA USP, São Paulo, SP, Brasil, v. 13. Anais. Disponível em: https://sistema.semead.com.br/13semead/resultado/trabalhosPDF/482.pdf

Conceição, S. H. da, et al. (2011). Fatores determinantes no disclosure em Responsabilidade Social Corporativa (RSC): um estudo qualitativo e quantitativo com empresas listadas na Bovespa. Gestão & Produção, 18(3), 461–472. DOI: https://doi.org/10.1590/S0104-530X2011000300002

De Silva Lokuwaduge, C. S., & De Silva, K. (2020). Emerging corporate disclosure of environmental social and governance (ESG) risks: An Australian study. Australasian Accounting, Business and Finance Journal, 14(2), 35-50. DOI: 10.14453/aabfj.v14i2.4

Demaria, S., & Rigot, S. (2021). Corporate environmental reporting: Are French firms compliant with the Task Force on Climate Financial Disclosures' recommendations? Business Strategy and the Environment, 30(1), 721-738.

Dinu, V. (2010). Commercial activity and the sustainable development. The Amfiteatru Economic Journal, 12(27), 5-7.

Eliwa, Y., Aboud, A., & Saleh, A. (2021). ESG practices and the cost of debt: Evidence from EU countries. Critical Perspectives on Accounting, 79, 102097.

Galbreath, J. (2013). ESG in focus: The Australian evidence. Journal of Business Ethics, 118, 529-541.

Gao, S., et al. (2021). Mapping and clustering analysis on environmental, social and governance field: a bibliometric analysis using Scopus. Sustainability, 13(13), 7304.

García-Sánchez, I. M., Suárez-Fernández, O., & Martínez-Ferrero, J. (2019). Female directors and impression management in sustainability reporting. International Business Review, 28(2), 359-374.

Gilani, G., Blanco, A., & De La Fuente, A. (2017). A new sustainability assessment approach based on stakeholder's satisfaction for building facades. Energy Procedia, 115, 50-58.

GRI - Global Reporting Initiative. (Acesse o site em 2 de junho de 2023)

Hahn, T., et al. (2015). Tensions in corporate sustainability: Towards an integrative framework. Journal of Business Ethics, 127, 297-316.

Hummel, K., Schlick, C., & Fifka, M. (2019). The role of sustainability performance and accounting assurors in sustainability assurance engagements. Journal of Business Ethics, 154, 733-757.

Iamandi, I., et al. (2019). Mapping the ESG behavior of European companies: A holistic Kohonen approach. Sustainability, 11(12), 3276.

Islam, G. M. S., Rahman, M. H., & Kazi, N. (2017). Waste glass powder as a partial replacement of cement for sustainable concrete practice. International Journal of Sustainable Built Environment, 6(1), 37-44.

Izzo, M. F., Ciaburri, M., & Tiscini, R. (2020). The challenge of sustainable development goal reporting: The first evidence from Italian listed companies. Sustainability, 12(8), 3494.

KPMG Impact. (2020). The time has come: The KPMG survey of sustainability reporting 2020.

Lehtonen, M. (2004). The environmental–social interface of sustainable development: capabilities, social capital, institutions. Ecological Economics, 49(2), 199-214.

Lloret, A. (2016). Modeling corporate sustainability strategy. Journal of Business Research, 69(2), 418-425.

Lu, H. (2016). The 'legalization' of corporate social responsibility: Hong Kong experience on ESG reporting. Asia Pacific Law Review, 24(2), 123-148.

Maryanti, E., & Fithri, W. N. (2017). Corporate Social Responsibility, Good Corporate Governance, Kinerja Lingkungan Terhadap Kinerja Keuangan Dan Pengaruhnya Pada Nilai Perusahaan. Journal of Accounting Science, 1(1), 21-37.

Miniaoui, Z., Chibani, F., & Hussainey, K. (2019). The impact of country-level institutional differences on corporate social responsibility disclosure engagement. Corporate Social Responsibility and Environmental Management, 26(6), 1307-1320. DOI: https://doi.org/10.1002/csr.1748

Miralles-Quiros, M. del M., Miralles-Quiros, J. L., & Arraiano, I. G. (2017). Sustainable development, sustainability leadership, and firm valuation: Differences across Europe. Business Strategy and the Environment, 26(7), 1014-1028. DOI: https://doi.org/10.1002/bse.1964

Morioka, S. N., & de Carvalho, M. M. (2016). A systematic literature review towards a conceptual framework for integrating sustainability performance into business. Journal of Cleaner Production, 136, 134-146. DOI: https://doi.org/10.1016/j.jclepro.2016.01.104

Nicolò, G., et al. (2022). Revealing the corporate contribution to sustainable development goals through integrated reporting: a worldwide perspective. Social Responsibility Journal, ahead-of-print. DOI: 10.1108/SRJ-09-2021-0373

Nikolaeva, R., & Bicho, M. (2011). The role of institutional and reputational factors in the voluntary adoption of corporate social responsibility reporting standards. Journal of the Academy of Marketing Science, 39, 136-157. DOI: https://doi.org/10.1007/s11747-010-0214-5

Niţescu, D.-C., & Cristea, M.-A. (2020). Environmental, Social, and Governance Risks – New Challenges for the Banking Business Sustainability. Amfiteatru Economic, 22(55), 692-706. DOI: 10.24818/EA/2020/55/692

North, K. (1992). Environmental business management: An introduction. Genebra, Suiça: International Labour Organization.

Okongwu, U., Morimoto, R., & Lauras, M. (2013). The maturity of supply chain sustainability disclosure from a continuous improvement perspective. International Journal of Productivity and Performance Management, 62(8), 827-855. DOI: https://doi.org/10.1108/IJPPM-02-2013-0032

Petrescu, D. C., Vermeir, I., & Petrescu-Mag, R. M. (2020). Consumer understanding of food quality, healthiness, and environmental impact: A cross-national perspective. International Journal of Environmental Research and Public Health, 17(1), 169. DOI: https://doi.org/10.3390/ijerph17010169

Rashidfarokhi, A., et al. (2018). Social sustainability tool for assessing land use planning processes. European Planning Studies, 26(6), 1269-1296. DOI: https://doi.org/10.1080/09654313.2018.1461811

Rossignoli, M., Castilho, V. R., & Oliveira, B. B. de. (2020). Sustentabilidade Fiscal do Estado e Desenvolvimento Econômico: Discussões para o Estabelecimento da Competitividade e Desenvolvimento. Revista Inteligência Competitiva, 9(4), 163–174. DOI: 10.24883/IberoamericanIC.v9i4.360

Santos, M. J., & Silva Bastos, C. (2021). The adoption of sustainable development goals by large Portuguese companies. Social Responsibility Journal, 17(8), 1079-1099. ISSN: 1747-1117.

Shoaf, V., Jermakowicz, E. K., & Epstein, B. J. (2018). Toward Sustainability and Integrated Reporting. Review of Business: Interdisciplinary Journal on Risk and Society, 38(1). Recuperado de https://ignited.s3.amazonaws.com/s3fs-public/BUS-00394-01.pdf

Sudiyatno, B., et al. (2020). Determinants of firm value and profitability: Evidence from Indonesia. The Journal of Asian Finance, Economics and Business (JAFEB), 7(11), 769-778. DOI: 10.13106/jafeb.2020.vol7.no11.769. Recuperado de https://www.researchgate.com/publication/346706957_Determinants_of_Firm_Value_and_Profitability_Evidence_from_Indonesia

Tate, W. L., Ellram, L. M., & Kirchoff, J. F. (2010). Corporate social responsibility reports: A thematic analysis related to supply chain management. Journal of Supply Chain Management, 46(1), 19-44. DOI: https://doi.org/10.1111/j.1745-493X.2009.03184.x

Valencia-Arias, J. A., & Marulanda-Valencia, F. Á. (2019). Evolución y tendencias investigativas en autoeficacia emprendedora: Un análisis bibliométrico. Estudios Gerenciales, 35(151), 219-232. DOI: https://doi.org/10.18046/-j.estger.2019.151.3277. Recuperado de https://www.redalyc.org/journal/212/21261362006/html/

Van der Waal, J. W. H., & Thijsens, T. (2020). Corporate involvement in sustainable development goals: Exploring the territory. Journal of Cleaner Production, 252, 119625. DOI: https://doi.org/10.1016/j.jclepro.2019.119625

Van Duuren, E., Plantinga, A., & Scholtens, B. (2015). ESG integration and the investment management process: Fundamental investing reinvented. Journal of Business Ethics, 138, 525-533. DOI: https://doi.org/10.1007/s10551-015-2610-8

Van Zanten, J. A., & Van Tulder, R. (2018). Multinational enterprises and the Sustainable Development Goals: An institutional approach to corporate engagement. Journal of International Business Policy, 1, 208-233. DOI: https://doi.org/10.1057/s42214-018-0008-x