D 2024

Constant ethical challenge of ESG reporting in oil and gas industry

NESIBA, Jiří

Basic information

Original name

Constant ethical challenge of ESG reporting in oil and gas industry

Authors

NESIBA, Jiří (203 Czech Republic, guarantor, belonging to the institution)

Edition

Praha, Constant ethical challenge of ESG reporting in oil and gas industry, p. 39-49, 11 pp. 2024

Publisher

Newton University

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

50201 Economic Theory

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

Publication form

electronic version available online

References:

Organization unit

NEWTON University

ISBN

978-80-907435-7-1

Keywords in English

ESG; CSRD; Oil Industry; Gas Industry; Corporate Social Responsibility

Tags

International impact, Reviewed
Changed: 14/3/2025 13:31, PhDr. Jiří Nesiba, LL.M., Ph.D.

Abstract

V originále

The article focuses on the methodology of non-financial reporting Environment, Social and Governance (ESG), which is becoming mandatory for companies in the EU. The authors examined the recent status of voluntary ESG reporting with investor interest in a selected industry sector. The research investigated whether, in a pre-mandatory voluntary reporting period, investor interest in ESG was evident in the global oil and gas industry. The authors researched ESG reporting by MSCI and investment grade ratings by Fitch from 2020–2022. Data for the research was collected from 32 global corporations that are considered major ethical risk areas with respect to sustainability. A regression linear analysis method was used to determine the stated objective. The research results showed a small statistical relationship between ESG and credit rating. The research was interpreted in theoretical terms as a constant ethical challenge.