Český finanční a účetní časopis 2023(1):5-23 | DOI: 10.18267/j.cfuc.579

Use of SASB standards for ESG reporting in Europe: Empirical analysis

Richard Stiebal
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, Praha

This article focuses on non-financial reporting under SASB standards in Europe andis primarily motivated by the development of new ESG reporting frameworks,namely the European Sustainability Reporting Standards under Directive (EU)2022/2464 and Sustainability Disclosure Standards within IFRS. The articleexamines a sample of 110 European companies from various industries in terms ofthe degree of compliance with the requirements of the SASB standards. Usinga document analysis of non-financial reports and a set of double-level metrics, thescope and relevance of published non-financial information is assessed. It is found that European companies largely meet the requirements of SASB standards.Information about the environmental matters is published to the greatest extent. Nosignificant effect of the sector to which the company belongs on the scope ofpublished information is found.

Keywords: CSR; Double materiality; ESG reporting; SASB standards.
JEL classification: M14, Q56

Received: July 6, 2023; Revised: July 6, 2023; Accepted: August 22, 2023; Published: December 30, 2023  Show citation

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Stiebal, R. (2023). Use of SASB standards for ESG reporting in Europe: Empirical analysis. Czech Financial and Accounting Journal, 2023(1), 5-23. doi: 10.18267/j.cfuc.579
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