Practices disclosed by governance and sustainable performance in state companies
DOI:
https://doi.org/10.5380/rcc.17.90073Keywords:
Divulgação, Governança, Desempenho Sustentável Corporativo, Estatais.Abstract
The aim of this study was to investigate the relationship between the practices disclosed by the governance and the corporate sustainable performance of federal state-owned companies directly controlled by the Union (Brazil). Its relevance consisted in expanding knowledge about the performance of governance in state-owned companies to lead the company to achieve real corporate sustainable performance. Its relevance consisted in expanding knowledge about the performance of governance in state-owned companies to lead the company to achieve real corporate sustainable performance. Content analysis was the method selected to investigate the compliance of management reports with the frameworks of the Brazilian Institute of Corporate Governance (IBGC) (2015) and the Global Reporting Initiative (GRI) (2016). The practices disclosed by governance and sustainable performance were mapped through indexes built by the weighted average of the practices of the IBGC code (2015) and the economic, environmental, and social guidelines of the GRI (2016) met by the state-owned companies and disclosed in their management and sustainability reports. The descriptive analysis of the governance and corporate sustainable performance indices was carried out together with the analysis of the context of corporate sustainable practices and performance through Iramuteq®. Regarding the results and contributions, the values of the sustainable performance indices revealed a low compliance with the GRI (2016) guidelines, unlike the governance indexes, which showed greater adherence to the IBGC (2015) technical guidelines. The values obtained between these indices revealed that compliance with governance practices is more effective than sustainability in state-owned companies. Sustainable performance in these companies refers to the use of recyclable or reusable materials and the management of energy consumption, water use and waste generation. In addition, the practices disclosed by governance and sustainable performance were only related when their execution was due to standards that reduced the cost in companies. Voluntary environmental and social practices were not related to the corporate sustainable performance of public companies or mixed-capital companies.
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