Evolution of Energy Companies’ Non-Financial Disclosures: A Model of Non-Financial Reports in the Energy Sector

Bartoszewicz, Anna; Szczepankiewicz, Elżbieta Izabela

doi:10.3390/en15207667

Cited by 5 publications

(1 citation statement)

References 35 publications

(69 reference statements)

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“…food producers, energy companies(Bartoszewicz, Szczepankiewicz, 2022;Woźniak, 2018) or mining(Bogacz, Migza, 2016). There are also some researches that include different sectors e.g., fuels, banks, clothing, IT (Czaja-Cieszyńska, 2022).…”

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confidence: 99%

Untitled

2023

SPSUTOM

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The aim of the article is to assess the competitive potential of Poland's regions, in the context of effective strategy building for further development thereof. Design/methodology/approach: The article employs the method of critical investigation of the literature on the subject as well as presents an analysis of statistical data on selected sociotourist infrastructure instruments. An examination of two selected infrastructure elements was carried out for the purpose of the article, which can form a basis for formulation of strategies to improve the competitiveness and development of regions in Poland. Results:The Authors present the issue of regional competitiveness, with particular focus on the methods of assessing and building the competitiveness of regions through selection of an optimal strategy for further development thereof. In this context, two selected instruments of socio-tourist infrastructure are discussed, which can form a basis for formulation of strategies to improve the competitiveness and development of regions in Poland. The infrastructure elements presented serve as an example of areas characterized by great potential for growth, as a consequence of years of neglect (health care), or constrained by independent external COVID-19 pandemic associated conditions (accommodation industry).

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confidence: 99%

Untitled

2023

SPSUTOM

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The Business Model in Energy Sector Reporting—A Case Study from Poland: A Pilot Study

et al. 2023

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The business model is understood as a way of generating revenue and creating value. This article aimed to define the framework and detailed characteristics of the business model in corporate reporting in the energy sector. The study also addressed the issue of value creation and examined the correlation between reporting information about the business model and the value of the enterprise, calculated using selected accounting measures. The research was conducted in 2021 on all listed companies in the energy sector included in the WIG20 index in 2019–2020. The research methodologies included critical analysis of the literature, analysis of the content of corporate publications, comparative analysis, analysis of phenomena and synthesis of results, Spearman’s rank correlations, and graphical data presentation. The originality of our research concerns directing attention to the disclosure and reporting of information about the business model in corporate reports in the energy sector in Poland. This is the first such study in Poland conducted on companies in the energy sector; therefore, it is treated by the authors as a pilot study. The results show that companies in the energy sector included in the WIG20 index do not disclose information about their business models in reports and the structure of published reports is very diverse, which makes it even more difficult to compare financial and non-financial data. Enterprises in the energy sector disclose financial and non-financial information in financial statements and the reports of the management board on the activities of the company and the capital group. The financial information disclosed by the companies most often included financial and productive capital. Energy companies are reluctant to disclose information about by-products and waste.

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Sustainability Reporting in Energy Companies—Is There a Link between Social Disclosures, the Experience and Market Value?

Czaja-Cieszyńska

Kordela

2023

Energies

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As a result of the dissemination of the sustainability concept, social disclosures have become an important area of non-financial reporting, and the energy sector is no exception. The purpose of our article is a multi-faceted evaluation of sustainability reports published by companies operating in the Polish energy sector, from the perspective of social disclosures. The study involved the Polish listed companies that made up the WIG-Energia index. The time scope of the study covers the 2017–2021 period. In total, 54 non-financial reports were analyzed. In the first place, a comparative analysis was carried out to assess the social disclosures made by the WIG-Energia companies against the background of the biggest and the most liquid (blue chip) WIG20 companies. All the applied tools: ESG rating, NFR_S index, and multidimensional data visualization, have confirmed that the energy companies year by year have been presenting larger and larger extents of social disclosures. At the same time, it was observed that the companies appearing for the first time in the WIG-Energia index showed a very small extent of disclosures, whereas the companies which figured in the index throughout the studied period presented a relatively large extent of disclosures, due to their experience in preparing sustainability reports. Next, using the Pearson correlation coefficient (r), we examined the relationship between the energy companies’ market values and the extent of their social disclosures. The results of the statistical analyses have validated the strong and very strong correlation between capitalization and extent of disclosures. It is therefore possible to state that companies with higher market values are characterized by larger extents of social disclosures.

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Evolution of Energy Companies’ Non-Financial Disclosures: A Model of Non-Financial Reports in the Energy Sector

Cited by 5 publications

References 35 publications

Untitled

Untitled

The Business Model in Energy Sector Reporting—A Case Study from Poland: A Pilot Study

Sustainability Reporting in Energy Companies—Is There a Link between Social Disclosures, the Experience and Market Value?

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