Environmental Disclosure in Oil Company Reports: Need or Order of the Day?

Climate change and air pollution problems require socially responsible behavior from all participants in economic and social relations. However, pressure on mining and manufacturing companies has led to the widespread practice of greenwashing, which misleads not only consumers, but also government organizations and financial institutions.

The authors raised questions about: the need for environmental disclosure to ensure the efficiency of the mining companies; ecological disclosure as order of the day.

The authors have developed and tested their own approach to quantitative and qualitative analysis of disclosure of information on corporate social responsibility of an oil company. This approach allowed to make conclusions about the dominance of companies’ own interests in the implementation of the openness policy. Environmental information is only disclosed fully and qualitatively in the “Legally established obligations of the company”. This indicates the positive results of the government environmental policy, but rejects the subordination of the company’s financial, investment and staff policies to achieving sustainable development goals. As a result, it provides fragmented disclosure and contributes to misleading users.