LEVEL OF DISCLOSURE AND ENVIRONMENTAL PERFORMANCE IN COMPANIES THAT ARE PART OF THE CONTENTS BOVESPA: A DESCRIPTIVE ANALYSIS

Abstract

In the last decades has seen an increased awareness of consumers, suppliers and government in relation to business practices with environmental issues. Some countries have standards established by law for disclosure of environmental information, but in Brazil this information is voluntary, but when released potentially increases the company's value and therefore creates a position deemed appropriate by society. In addition, disclosure of information potentially increases the value of companies, as investors will realize that the probable environmental liabilities are lower in those companies with good performance as opposed to those with poor environmental performance. Thus, the main objective of this work is to show the disclosure and environmental performance of Brazilian corporations that make up the Ibovespa. This study is exploratory, ex post facto, is set to cross and is a statistical study. In this work, it was used data available on the own websites of companies that make up the Ibovespa, which included 66 different assets, with 55 total groups that were studied. They were analyzed aspects such as Governance Structure and Management Systems, Credibility of Information disclosed, Environmental Expenditures, Vision and Strategy, Environmental Profile and Environmental Initiatives. It was also noted that with respect to virtually all the information, most companies that produce them also disclose them because disclosure causes enhancement of the image and the companies’ increasing value, making the potential interested in investing in it greater.