Análise das barreiras para integração, implementação e desenvolvimento do relatório de Environmental, Social and Governance – ESG em empresas da ISE/B3

Abstract

This study aims to analyze the barriers to the integration, implementation and development of the Environmental, Social and Governance – ESG Report in companies participating in ISE/B3. The multi-case research was carried out in three methodological stages, the first being qualitative research that sought to identify the barriers to the integration, implementation and development of the ESG Report in ISE/B3 companies, the second a Systematic Literature Review (RSL) on ESG in organizations through the Web of Science (WOS) database from 2013 to 2023. And finally, a survey was carried out that measured the barriers to integration, implementation and development of the ESG Report in ISE companies/ B3 by sending a structured questionnaire to those responsible for ESG in organizations. The study proposes contributions to improving the structure, development and implementation of the ESG Report in ISE/B3 companies. Data analysis took place through content analysis followed by a descriptive analysis, in which the reports and questionnaire were classified according to scales of agreement and application of ESG criteria in companies. The result of the qualitative stage was that companies began publishing ESG reports initially for market reasons, and that reporting on these activities later became a strategic differentiator, highlighting that the majority of them are complying with sustainable practices. In the quantitative stage, the RSL allowed us to identify the search for disclosure, financial performance, governance, environmental, impact, corporate governance, esg disclosure, sustainability and companies as the most mentioned keywords in the last 10 years, as well as in the survey, the results showed that companies are adequate and developing activities to improve ESG processes. Finally, the study allowed us to identify that the barriers that are most impactful and significant to the development of ESG reports in an organization are the lack of qualified people, lack of dissemination of ESG, lack of awareness among managers and employees, lack of support from the board of directors, skepticism regarding potential benefits, lack of strategies and planning for ESG, and lack of commitment to the ESG process.