Evaluation of Disclosure level regarding contingent environmental liabilities by the main companies of the electricity sector between 2010 and 2014

Abstract

This paper treated of environmental accounting disclosure level regarding the largest energy generation companies listed at BM&F Bovespa, analyzing the requirements of the Accounting Standards Pronouncement related to the subject. The evaluation of information included the Standards Accounting Statements (DFP) between the years 2010 and 2014. The sample of companies was based on companies with significant assets amount and listed on the Sao Paulo Stock Exchange (BM&F BOVESPA) that are within the universe of those which significantly impact the environment due their activities. Therefore, due an accounting requirement regarding the disclosure of tax liabilities by companies, the main goal were identify if companies from energy sector are complying with the minimum demanding related to environmental contingencies disclosure, as required by CPC 25. The objective of the study was to identify the level of environmental accounting disclosure of the largest energy generation companies listed at BM&F Bovespa, analyzing the Accounting Standards requirements. For this academic study was used the content analysis methodology, which evaluation considered just the disclosure made by companies object of this paper. The disclosure of information object of the study are compulsory because are considered as mandatory due the current accounting standards, and are reinforced why they are opened stock exchange companies being required periodically the disclosure in them DFPs. The results of the study showed generally that this companies present a moderately satisfactory accounting disclosure level of environmental contingent liabilities, however they need to improve the presentation level.