A report that provides a holistic and integrated representation of a company's performance, including financial and non-financial information, such as environmental and social performance.
Published in Chapter:
Extinction Accounting: An Analysis of Petrobras' Voluntary Disclosure
Copyright: © 2023
|Pages: 20
DOI: 10.4018/978-1-6684-9076-1.ch003
Abstract
This chapter analyses the extinction accounting within Petrobras' integrated report and its sustainability report. To accomplish this, the authors have scrutinized the disclosure of the impact of the company's operational activities on affected species and their habitats. The analysis has been conducted using the theoretical framework adapted from Maroun and Atkins, which assesses six key elements: (1) the context of extinction accounting, (2) action-focused reports, (3) partner reports, (4) analysis and reflection, (5) evaluation, and (6) disclosure. Despite encountering the general elements, it was noted that the intended objectives were not fully met. The reports under scrutiny lack information regarding the species affected by the company's operations or address the impacts generated by its activities, offering only vague references to the resources employed or the outcomes achieved by the company.