Evidenciação voluntária também é importante

Overall, our research provides a portrait of the relation between standard-setting and firms’ ESG disclosures. On average, firms gravitated toward material disclosures once materiality was defined, but this response was not uniform across firms. Our findings indicate that having well-defined voluntary standards and guidance can enhance the quality of ESG disclosures, making it easier for investors to compare and evaluate companies. This is particularly relevant as regulators are currently considering imposing ESG disclosure mandates, such as the ESG Disclosure Simplification Act of 2021 proposed by the U.S. Congress. Our research suggests that a mandate would likely lead to greater convergence in the types of information reported by companies, which could make it easier for investors to make informed decisions.

De um artigo de divulgação da pesquisa, onde os autores valorizam a divulgação voluntária antes da existência de regulamentação.