A Model of Risk Information Disclosures in Non-Financial Corporate Reports of Socially Responsible Energy Companies in Poland

• DOI: 10.3390/en15072601
• Publication Date: 2022-04-03T06:59:52Z
• Authors: Elżbieta Izabela ...; Windham Eugene Lo...; Farid Ullah
• Keywords: Business risks

Risk management is critical for corporate finance systems, in addition to social responsibility (CSR) and sustainable development (SD) programs. Stakeholders need risk information make informed judgments as their involvement. No studies exist date concerning disclosure of non-financial financial risks annual statements Polish strategic sector company reports. The authors sought determine whether energy companies disclosed reports 2011–2020 (e.g., CSR, integrated, board activity reports), one can assess threats, including business SD, based on these We assessed the all large a three- five-degree scale develop model disclosures. have three key empirical findings. Only half analysed disclose data, risks. Less than implemented operate enterprise systems. current ‘soft’ regulatory solutions give appreciable options, which often counterproductive. suggest developing single integrated European Union (EU) regulation directives, standards, or official principles) Our classifies operations Other sectors use this universal model. results constitute progress identifying may encourage continuing other companies, especially Central Eastern Europe (CEE), should be intensively developed. Research also occur sectors.