Disclosure of Remuneration Policies in GRI-Aligned Sustainability Reports

Alena Hejl

Diplomová práce

Anotace:

This study applies a content analysis methodology to investigate the extent of remuneration disclosures by non-renewable energy companies listed on Euronext that report in alignment with the Universal Standards of the Global Reporting Initiative. Reporting published by 22 European firms for the years 2020, 2021, and 2022 was analyzed to examine its compliance with 17 specific disclosure requirements of the GRI 2016 Universal Standards and GRI 2021 Universal Standards. The results indicate that the majority of companies in the sample met requirements for disclosures on whether executive pay is linked to sustainability objectives and performance but often omitted certain information on how remuneration is determined and on specific remuneration policies. Companies’ reporting generally improved over time and with the adoption of the new GRI 2021 Universal Standards. This study sheds light on the areas of GRI reporting in which firms tend to fail to meet requirements and characterizes the state of reporting on executive compensation overall.

Abstract:

This study applies a content analysis methodology to investigate the extent of remuneration disclosures by non-renewable energy companies listed on Euronext that report in alignment with the Universal Standards of the Global Reporting Initiative. Reporting published by 22 European firms for the years 2020, 2021, and 2022 was analyzed to examine its compliance with 17 specific disclosure requirements of the GRI 2016 Universal Standards and GRI 2021 Universal Standards. The results indicate that the majority of companies in the sample met requirements for disclosures on whether executive pay is linked to sustainability objectives and performance but often omitted certain information on how remuneration is determined and on specific remuneration policies. Companies’ reporting generally improved over time and with the adoption of the new GRI 2021 Universal Standards. This study sheds light on the areas of GRI reporting in which firms tend to fail to meet requirements and characterizes the state of reporting on executive compensation overall.

Klíčová slova

sustainability reporting, executive compensation, GRI

Keywords

sustainability reporting, executive compensation, GRI

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 7. 6. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 13. 6. 2023
• Vedoucí: Petr Petera
• Oponent: Jaroslav Wagner

Vysoká škola ekonomická v Praze

Magisterský studijní program:
Finance and Accounting