Environmental, Social, and Governance (ESG) disclosure: A literature review

Albert Tsang; Tracie Frost; Huijuan Cao

doi:10.1016/j.bar.2022.101149

Environmental, Social, and Governance (ESG) disclosure: A literature review

Albert Tsang, Tracie Frost, Huijuan Cao^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

235 Citations (Scopus)

Abstract

Voluntary nonfinancial Environmental, Social, and Governance (ESG) disclosure is a rapidly growing and increasingly important topic that has attracted great attention from both academic researchers and capital market participants in recent years. The objective of this survey study is to provide a comprehensive review of the ESG disclosure literature in accounting research with suggestions for the future. Specifically, we organize the literature into four categories: motivations for and consequences associated with ESG information, in addition to disclosure- and user-level characteristics with the potential to affect the observed outcome of information disclosure. We also discuss the key role of nonfinancial rating agencies as a new type of ESG information intermediary in capital markets and suggest opportunities for future research.

Original language	English
Article number	101149
Journal	British Accounting Review
Volume	55
Issue number	1
DOIs	https://doi.org/10.1016/j.bar.2022.101149
Publication status	Published - Jan 2023

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abstract = "Voluntary nonfinancial Environmental, Social, and Governance (ESG) disclosure is a rapidly growing and increasingly important topic that has attracted great attention from both academic researchers and capital market participants in recent years. The objective of this survey study is to provide a comprehensive review of the ESG disclosure literature in accounting research with suggestions for the future. Specifically, we organize the literature into four categories: motivations for and consequences associated with ESG information, in addition to disclosure- and user-level characteristics with the potential to affect the observed outcome of information disclosure. We also discuss the key role of nonfinancial rating agencies as a new type of ESG information intermediary in capital markets and suggest opportunities for future research.",

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Environmental, Social, and Governance (ESG) disclosure: A literature review

Abstract

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