Caracteristicas associadas a adoção TCFD: relato integrado e SASB. Perspectivas sobre a IFRS S2 e CBPS 2

Abstract

The study deals with the characteristics associated with the adoption of TCFD, these findings can be a perspective on the voluntary adoption (early adoption) of IFRS S2 and CBPS 2 by publicly traded Brazilian companies. Regulations that were developed mainly based on the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD), which aim to present to the market how companies are managing climate risks and opportunities. The company's disclosure of this information and risk management may have been influenced by other standards, structures and norms. Therefore, the object of the research study is the relationship between the adoption of the TCFD and the main standards, structures and norms for disclosing environmental status. To this end, the study applies a logistic regression model considering a sample of the 200 largest publicly traded Brazilian companies, between the years 2019 and 2022. The results indicate that the adoption of the TCFD is related to the preparation of the Integrated Report and the adoption of SASB. We subdivided the analysis in relation to companies that adopt TCFD with those that adopt TCFD and SASB. The research results indicate a possible positive and statistically significant relationship between the TCFD and the main elaborations presented, that is, for companies that already prepare standardized environmental reports, the tendency is to increase the probability of adopting the TCFD. Companies are increasing their engagement with disclosure, as the perception of the impacts that their activities cause to the climate is important for preserving the environment.