Comparative study of disclosure in oil and gas industry sustainability reporting

Document Type : Original Article

Authors
Mansour Taheri 1
gholamreza Kordestani 2
Hamid Azizmohammadlou 3
Abbas Ali Daryaei 3
1 PhD Candidate, Department of Accounting, Imam Khomeini International University, Qazvin, Iran
2 Professor, Department of Accounting, Imam Khomeini International University, Qazvin, Iran
3 Associate Professor, Department of Accounting, Imam Khomeini International University, Qazvin, Iran
Abstract
In recent years, paying attention to the non-financial performance of companies has attracted the attention of stakeholders, which shows the importance of sustainability reporting even more.Stakeholders demand sustainability reporting in order to evaluate company performance.Among different industries, the oil and gas industry has a special place in the country's economy.Therefore, sustainability reporting is very important in the oil and gas industry.In this regard, companies carry out sustainability reporting in different ways.28of the board of directors activity reports of Iranian oil and gas industry companies5sustainability reports of the biggest oil and gas companies in the world, as well as the disclosures of the sustainability standards board have been reviewed.The mentioned reports have been evaluated using the content analysis method.The results show that the number of five sub-components from governance dimension of sustainability standards have been seen in the reports of Iran and big companies in the world.The greatest overlap among these three sectors has been in the environmental dimension which shows the importance of this dimension in the oil and gas industry.Also the environmental dimension has received the most attention in the sustainability standards board, while in Iranian companies,the environmental dimension has the least attention.On the other hand the number of information disclosure cases of the sustainability standards board is the lowest with29disclosure cases which shows that the disclosure cases of this board are currently not complete.In order to provide a better description of the sustainability activities of Iranian companies it is necessary to provide separate sustainability reporting by Iranian companies.
Keywords
sustainability reporting
environment
oil and gas industry
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