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Advisor(s)
Abstract(s)
O desenvolvimento tecnológico permite melhorias sociais mas, por vezes, tem como desvantagem a deterioração ambiental. As empresas, no seu funcionamento diário, poluem o ambiente e são consideradas as maiores causadoras de impactos ambientais negativos. Como a minimização dos impactos negativos ambientais requer, na maioria das vezes, dispêndios financeiros, este trabalho propõe-se averiguar se existe relação entre a divulgação ambiental, nos relatórios financeiros e relatórios não financeiros, com o seu desempenho económico-financeiro das empresas. Para isso, propõe-se a identificação de um Índice de Divulgação Ambiental (IDA), a análise da evolução da divulgação ambiental e da sua relação com o desempenho económico-financeiro das empresas cotadas no PSI-20, no período de 2018 a 2021.
Os resultados obtidos indicam que, de forma generalizada, há um aumento da divulgação ambiental, mas pouco significativo, ficando aquém das espectativas, dado que os investidores tendem a preferir escolher empresas vocacionadas para as melhorias ambientais, o que, assim sendo, torna-se desvantagem competitiva. No que concerne à relação entre o índice de divulgação ambiental e a performance financeira das empresas verifica-se, de forma geral, não existe relação entre as duas variáveis.
Technological development allows for social improvements but sometimes has the downside of environmental deterioration. In their daily operations, companies pollute the environment so they are considered to be the biggest cause of negative environmental impacts. As minimizing negative environmental impacts most often requires financial expenditure, this study aims to find out whether there is a relationship between environmental disclosure in financial reports and non-financial reports and companies' economic and financial performance. To this end, it is proposed to identify an Environmental Disclosure Index (IDA), analyze the evolution of environmental disclosure and its relationship with the economic and financial performance of companies listed on the PSI-20, from 2018 to 2021. The results obtained indicate that, in general, there has been an increase in environmental disclosure, but not a significant one, falling short of expectations, given that investors tend to prefer to choose companies dedicated to environmental improvements, which therefore becomes a competitive disadvantage. With regard to the relationship between the environmental disclosure index and companies' financial performance, there is generally no relationship between the two variables.
Technological development allows for social improvements but sometimes has the downside of environmental deterioration. In their daily operations, companies pollute the environment so they are considered to be the biggest cause of negative environmental impacts. As minimizing negative environmental impacts most often requires financial expenditure, this study aims to find out whether there is a relationship between environmental disclosure in financial reports and non-financial reports and companies' economic and financial performance. To this end, it is proposed to identify an Environmental Disclosure Index (IDA), analyze the evolution of environmental disclosure and its relationship with the economic and financial performance of companies listed on the PSI-20, from 2018 to 2021. The results obtained indicate that, in general, there has been an increase in environmental disclosure, but not a significant one, falling short of expectations, given that investors tend to prefer to choose companies dedicated to environmental improvements, which therefore becomes a competitive disadvantage. With regard to the relationship between the environmental disclosure index and companies' financial performance, there is generally no relationship between the two variables.
Description
Keywords
Divulgação ambiental Perfomance financeira Responsabilidade ambiental Responsabilidade social Environmental disclosure Financial performance Environmental responsibility Social responsibility