Resumo

JORDAO, Ricardo Vinícius Dias; FERREIRA, Edson Pinto  e  SOUSA NETO, José Antônio. Financial disclosure and social environmental responsibility: An empirical study on the Brazilian market. Contad. Adm [online]. 2018, vol.63, n.spe2, pp.918-946. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2018.1473.

The objective of this paper was to analyse the level of disclosure of social and environmental information of the sectors and companies listed on the Corporate Sustainability Index (CSI) of the BM&FBovespa. Based on accounting and finance theories, it was performed a quantitative and qualitative empirical study through the content analysis, according to the participation of companies by sector, sub-sector and business segment on the CSI, totalling 25,948 items from 202 companies observations. The results indicate that (i) there is no standardization in the analysed information; (ii) there are different levels of social and environmental disclosure among companies and industries; (iii) companies say that they are more socially and environmentally responsible than, in fact, they are - which could be considered, to a certain extent, as a form of 'green washing'; (iv) companies have mostly positive and declarative information; (v) improving the level and amount of corporate information may be influenced by the provisions of the regulatory bodies; and (vi) the voluntary disclosure of environmental information is probably not motivated by the search for transparency and good corporate governance practices, but as an attempt to increase credibility and improve corporate image.

Palavras-chave : M4; G3; M21; Financial accounting; Corporate governance; Social environmental Management; Strategy and environmental sustainability; Financial disclosure.

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