Cross-sectional benchmarking of social and environmental reporting practice in the Australian oil and gas industry

Abstract

The objective of this paper is to examine social and environmental disclosures against general and industry benchmarks for the quantity and quality of social and environmental reporting practice. To achieve this, a content analysis approach has been applied to disclosures of the 25 Australian oil and gas companies included in the Australian Stock Exchange 300 index in 2006. The conclusions are that there is relatively poor disclosure, and the majority of environmental disclosures are declarative and positive. Oil and gas companies sampled fail to provide detailed information about, for example, the quantification of targets and outputs, actual achievements and the level of participation by employees. However, consistent with previous studies, the companies perform relatively well in reporting human resources information. Implications of these findings and potential for future research are highlighted. Show more