Disclosure voluntário das empresas do setor elétrico listadas na bolsa de valores no Brasil

Abstract

Accounting has a fundamental role in the presentation of financial information to users; this process of communication is called disclosure. The electric sector demonstrates high levels of disclosure in various studies; however, these analyses often overlook the industry's obligation to disclose data derived from regulatory accounting. Since 2015, the industry has been mandated to disclose social and environmental information as outlined in the Electric Sector Accounting Manual. This study aimed to analyze the main voluntary disclosure practices adopted by electric sector companies listed on the Stock Exchange. To achieve this objective, a survey was conducted with 23 firms listed on the Stock Exchange that had their reports published in 2022. From these reports, a reclassification of mandatory and non-mandatory information was carried out following the specific regulations of the electric sector using the metric developed by Murcia (2009). As a result, it was possible to assess that there is a good level of communication by companies in the electric sector; however, when only voluntary disclosures were considered, the level of disclosure decreased, with social information being the most published.