Sustainability disclosure in the Ecuadorian banking sector: channels used, determining factors and type of information revealed
DOI:
https://doi.org/10.18041/1900-3803/entramado.2.10186Keywords:
ESG criteria, Sustainability, Sustainability Report, Disclosure, Banking Sector, EcuadorAbstract
This study aimed to provide evidence on sustainability disclosure in the banking sector of Ecuador. Using a descriptive-correlational approach, three key areas were examined: the most commonly used means of disclosing sustainability information, factors influencing banks' willingness to disclose, and the type of sustainability information being disclosed. Fisher's test and mean difference tests were employed to identify factors influencing banks' willingness to disclose sustainability information. Additionally, a content analysis was conducted to identify the main themes disclosed by banks regarding sustainability. An index incorporating environmental, social, economic, and governance aspects was utilized for this analysis. The findings revealed low levels of disclosure, a higher prevalence of specialized reports, a positive association between willingness to disclose and organizational visibility, and a predominance of social dimension disclosure practices. These findings underscore the need to enhance disclosure standards and strengthen communication with stakeholders in Ecuador's banking sector.
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