Transações com partes relacionadas ESG: desafios na obtenção de materialidade nos padrões de relato internacional

Abstract

Companies with high volumes of Related Party Transactions (RPTs) tend to be less compliant with ESG (Environmental, Social and Governance) practices, indicating a possible relationship between weak governance and lower quality in the disclosure of these transactions. Considering the various aspects that relate the two themes, this paper deals with TPRs and ESG, exploring materiality and seeking to understand how Corporate Governance and ESG reporting standards include transparency, regulation and the impact of these transactions on financially-oriented sustainability disclosures. To this end, the study considered two theories of Corporate Governance, the Agency Theory and the Stakeholder Theory. Based on an empirical analysis of the GRI (Global Report Initiative), SASB (Sustainability Accounting Standards Board) and ISSB (International Sustainability Standards Board) reporting standards, the aim was to assess whether ESG mechanisms help to reduce the use of TPRs for financial manipulation; to observe how these guidelines are applied in practice and the influence of this use on (double) materiality, stakeholder engagement and the adoption of reports, policies and documents that disclose the performance of TPRs as a strategy within ESG governance. The results indicate that none of the reporting standards analyzed deal sufficiently with TPRs, making it difficult to extract materiality (impact or financial) from the ESG information currently disclosed. This paper presents a proposal to contribute to the analysis of the subject, considering the market's efforts to complement financial and ESG information.