Work

The Impact of Sustainability Disclosure on Firm Value in the Energy Sector of BRICS Economies: The Holistic Approach of GRI Guidelines

Year: 2025

Type: article

Abstract: ABSTRACT Sustainability disclosure is a key concern for the corporate sector in terms of safeguarding nature and preserving long‐term trust. This research investigates the impact of 20 comprehensive sustainability dimensions on the performance of energy firms in BRICS economies. The data were collected through content analysis, guided by the Global Reporting Initiative (GRI) farmwork, and analysis with the generalized method of moments (GMM) to ensure robustness. The findings show a significant relationship between environmental disclosure and firm value. Furthermore, the study highlights the importance of social and economic disclosures in developing economies driven by industry‐specific challenges, climate risks, and stakeholder demands. In addition, companies with high sustainability disclosure enhance legitimacy by gaining advantages from effective management and governmental support. BRICS governments and corporations promote sustainability through impactful interventions aligned with GRI guidelines.

Source: Sustainable Development

DOI: 10.1002/sd.3388

Authors: Farhan Hussain, Zhifang Zhou, Hussain Abbas, Didier Robert Dusengemungu

Institutions: Central South University, Kunming University of Science and Technology

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Affordable and clean energy, Climate action

Open Access status: bronze

OpenAlex ID: W4407705526

FWCI: 2.684

Cites: 76

Cited by: 3

Related to: 10