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http://dx.doi.org/10.11627/jksie.2022.45.1.053

A Study on the Disclosure Method of Major Topics in Response to the ESG Management Disclosure Transition-Focused on the Oil and Gas Industry  

Park, TaeYang (Inha University Graduate School)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.45, no.1, 2022 , pp. 53-70 More about this Journal
Abstract
Recently, due to the change to SASB(Sustainability Accounting Standards Board) and GRI(Global Reporting Initiative) Standards 2021, the paradigm for non-financial information disclosure is changing significantly, with the number of ESG topics and indicators that must be disclosed by industry from an autonomous material topic selection method. This study revealed that the number of compulsory topics in the oil and gas industry by GRI standards 2021 is up to 2.4 times higher than the average number of material topics disclosed when domestic companies publish sustainability reports using GRI Standards 2020. In the oil and gas industry, I analyzed the similarities and differences between the GRI standards 2021 and the ESG topics covered by SASB by environmental, social, economic, and governance areas. In addition, the materiality test process, which is different in GRI standards 2021, is introduced, and the issues included in the following 10 representative ESG-related initiatives are summarized into 62 and suggested improvement plans for materiality test used in the topic pool.
Keywords
Sustainability Report; GRI; SASB; Materiality; ESG;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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