In the last few decades, the growing attention to corporate sustainability along the three pillars of environmental, social, and economic sustainabilityhas brought non-financial disclosure (NFD) into widespread use. Materiality is a multifaceted concept which originates from the field of financial accounting and auditing and generally refers to the need to provide relevant information to users of corporate reporting. The empirical research specifically devoted to the application of the materiality principle in non-financial information disclosure has focused on analyzing the extent to which companies disclose material non financial information, the internal and external factors that infuence the quantity and quality of material non financial information and whether the application of different reporting frameworks leads to prioritizing different material topics. This chapter explores, through a case analysis of two Italian listed companies issuing sustainability reports, how the materiality determination process takes place by engaging the organizational actors involved in this process with a particular focus on the role of the CFO/controller.

Non-financial Disclosure and Materiality: Exploring the Role of CFOs

Maurizio Cisi;
2022

Abstract

In the last few decades, the growing attention to corporate sustainability along the three pillars of environmental, social, and economic sustainabilityhas brought non-financial disclosure (NFD) into widespread use. Materiality is a multifaceted concept which originates from the field of financial accounting and auditing and generally refers to the need to provide relevant information to users of corporate reporting. The empirical research specifically devoted to the application of the materiality principle in non-financial information disclosure has focused on analyzing the extent to which companies disclose material non financial information, the internal and external factors that infuence the quantity and quality of material non financial information and whether the application of different reporting frameworks leads to prioritizing different material topics. This chapter explores, through a case analysis of two Italian listed companies issuing sustainability reports, how the materiality determination process takes place by engaging the organizational actors involved in this process with a particular focus on the role of the CFO/controller.
Non-financial Disclosure and Integrated Reporting. Theoretical Framework and Empirical Evidence
Springer
SIDREA Series in Accounting and Business Administration
445
473
978-3-030-90354-1
Integrated reporting, Materiality
Maurizio Cisi, Mara DelBaldo, Alessandro Marelli, Federica Ricci, Vincenzo Scafarto
File in questo prodotto:
File Dimensione Formato  
Capitoli_Volume SIDREA.pdf

Accesso riservato

Tipo di file: PDF EDITORIALE
Dimensione 730.52 kB
Formato Adobe PDF
730.52 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2318/1829043
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact