ARE BRAZILIAN COMPANIES READY FOR THE ISSB STANDARDS? ANALYSIS OF SUSTAINABILITY-RELATED FINANCIAL INFORMATION REQUIRED BY IFRS S1

Fernando Dal-Ri Murcia

Fernando Dal-Ri Murcia

Universidade de São Paulo (USP)

Palavras-chave

Sustentabilidade
ESG
IFRS
Relatórios de Sustentabilidade
ISSB

Resumo

The objective of this study was to analyze the disclosure of sustainability-related financial information by listed companies in Brazil. For this purpose, a metric with four categories was developed, based on IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information. The disclosures made in the financial year 2022 were analyzed using the content analysis technique. The study sample consisted of the 81 companies that made up the Ibovespa portfolio in the period September-December 2023. Among the main results, the following stand out: companies that already follow the TCFD recommendations tend to provide most of the expected disclosures; the Board of Directors is generally the body responsible for monitoring sustainability-related risks and opportunities; disclosures about strategy are comprehensive but not necessarily integrated with the company’s business model; most companies mentioned the use of a materiality matrix in risk management; and virtually all companies disclosed targets and metrics. Regarding the main implications of the research, especially for the adoption of the ISSB standards in Brazil, it was noted that there is a need to improve disclosures, focusing on the information needs of shareholders and creditors, and that the requirement for reasonable assurance will tend to require improvements in sustainability-related practices and policies, as well as in internal controls.

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