ANALYSIS OF ENVIRONMENTAL REPORTS IN COMPANIES EMITTING HIGH DEGREE OF POLLUTION

Abstract

The research aimed to analyze how companies classified as having high pollution
activities in the oil and biofuel exploration, refining, and distribution sector, according
to Law No. 10,165/2000, develop their sustainability reports and whether these align
with the international environmental reporting model proposed by ISAR/UNCTAD
(1998). The study employed a documentary analysis of the annual reports issued in
2022 by publicly traded companies on B3 engaged in high pollution activities in the oil
and biofuel exploration, refining, and distribution sector under Law No. 10,165/2000.
Upon examining the socio-environmental reports, it was found that the majority did not
adhere to the proposed framework. As shown in Table 1, the average "non-fulfillment"
with the proposed criteria is 66% of the questions outlined in Table 2. The results and
relationships among the companies indicate a positive correlation, as most companies
(save Petrobras) present similar reports, lacking satisfactory or median presentation of
the majority of items. They tend to use environmental reports for self-promotion of the
"sustainable" practices adopted by the company, despite the impact they cause.
Keywords: Environmental Accounting; Socio-environmental Report; High degree of
pollution; Data analysis; Oil refining and distribution.