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Percorrer por autor "Arcanjo, Mariana"

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  • An Exploratory Framework for Measuring the Levels of Adoption of ESG Principles
    Soares, Ricardo de Moraes e; Gariso, Clara; Kaizeler, Ana Catarina; Arcanjo, Mariana
    The adoption of environmental, social and governance (ESG) criteria in financial markets is currently playing a key role in redefining investment processes, risk management and non-financial reporting by financial funds. Sustainability reporting, especially in the European context, is marked by a strengthening of the regulatory framework and a requirement for increased availability of information. Despite the increasing centrality of ESG principles and the establishment of the concept of double materiality as structural elements of non-financial reporting, there is a methodological gap in terms of the existence of standardised, systematic, transparent and comparable instruments that enable the measurement of the levels of implementation of ESG metrics in investment funds. The study proposes to develop a possible experimental indicator to measure the levels of adoption of ESG principles in financial funds, based on a documentary analysis of financial statements, sustainability reports and regulatory disclosures by investment fund management companies. The study proposes to develop a possible experimental indicator to measure the levels of adoption of ESG principles in financial funds, based on a documentary analysis of financial statements, sustainability reports and regulatory disclosures by investment fund management companies. The proposed model, the ESG Methodology Adoption Indicator (IAM-ESG), includes five essential dimensions of ESG integration and aims to reflect aspects related to financial investment policy and processes, regulatory compliance, application of the double materiality principle, adoption of quantitative metrics, and quality of governance and non-financial reporting. Ultimately, the indicator provides a ranking of funds and management companies according to their different levels of maturity in terms of ESG principles and promotes institutional and temporal comparability of investment markets. On an experimental basis, the proposal aims to contribute to the literature and discussion of sustainable finance through the development of an ESG instrument that is theoretically grounded, empirically applicable, aligned with the regulatory framework, and relevant to academia, institutions, and practice.
    2026-03-19Atas de conferência Acesso aberto Ver mais