Integrated reporting in the public sector: the case of Indústrias Nucleares do Brasil S.A.
DOI:
https://doi.org/10.21680/2176-9036.2023v15n2ID31053Keywords:
Relato Integrado, IIRC, Indústrias Nucleares do Brasil, Empresa pública, Prestação de ContasAbstract
Purpose: The aim of this paper is analyze the implementation and elaboration of the Integrated Report (IR) in the Nuclear Industries of Brazil (INB), a public company responsible for the production of nuclear fuel for the generation of electric energy in the industries of Angra 1 and 2.
Methodology: In order to reach the proposed objective, a triangulation of three sources of information was carried out: initially, semi-structured interviews were carried out with IR preparers at the institution; then, the answers were related to the data present in the disclosures of the institution's reports, published in the years 2018, 2019 and 2020, since the Federal Audit Court made the issuance of IR mandatory for public companies; subsequently, the evidence was compared with the framework of the International Integrated Reporting Council (IIRC).
Results: The results point to heterogeneity in the work team, complying with IIRC guidelines. It was also noticed mastery of the objectives and concepts related to the Integrated Report, especially about its use to generate a holistic and integrated view of the institution. In addition, challenges that still exist in the implementation were observed, such as the increase in the volume of information presented, making the document less concise at the same time that some topics were not fully highlighted, denoting partial adherence to the conceptual framework suggested by the IIRC.
Contributions of the Study: The research contributes to the literature as it brings new elements on the use of IR in the public sector, adding elements that make it possible to follow the empirical state of its insertion, which contributes to the literature on the subject. INB's experience is different from others since its performance is specific, in the energy and technology importance, which differentiates the results found with those evidenced in other studies previously. In addition, its characteristic as a public company, with interaction with the market, makes its experience different in terms of the informational demands of users deposited on the organization's disclosures.
Downloads
References
s
Abreu, A. C. S., Zaro, E. S., Luiz, G., Vicente, E. F. R., & Van Bellen, H. M. (2016). Governança corporativa na estrutura conceitual do relato integrado: divulgações das empresas brasileiras participantes do projeto piloto. Revista de Gestão, Finanças e Contabilidade, 6(2), 31-49. DOI: https://doi.org/10.18028/2238-5320/rgfc.v6n2p31-49
ACCA - Association of Chartered Certified Accountants. (2017). Insights into Integrated Reporting: challenges and best practice responses. Recuperado em 21 abril, 2023, de https://www.accaglobal.com/content/dam/ACCA_Global/Technical/integrate/pi-insights-into-ir-.pdf
Alves, N. J. F., Kassai, J. R., & Lucas, E. C. (2017). Evidence of value creation in the integrated reports of the companies of the Pilot Program in Brazil. Amazônia, Organizações e Sustentabilidade, 6(1), 155-178.
Argento, D., Culasso, F., & Truant, E. (2019). From sustainability to integrated reporting: The legitimizing role of the CSR manager. Organization & Environment, 32(4), 484-507. DOI: https://doi.org/10.1177/1086026618769487
Biondi, L., & Bracci, E. (2018). Sustainability, popular and integrated reporting in the public sector: A fad and fashion perspective. Sustainability, 10(9), 3112. DOI: https://doi.org/10.3390/su10093112
Bonadio, M. M., Oliveira, R., Neumann, M., & Moraes, R. O. (2017) Análise do guidance em reportes de empresas brasileiras pertecentes ao programa piloto do IIRC, sob a lente da teoria da divulgação baseada no julgamento. XI Congresso Anpcont, Belo Horizonte, Recuperado em 09 novembro, 2022, de https://anpcont.org.br/pdf/2017/CUE1086.pdf.
Brasil. (1992). Lei n° 8.443, de 16 de julho de 1992. Lei Orgânica do Tribunal de Contas da União. Recuperado em 19 janeiro, 2022, de http://www.planalto.gov.br/ccivil_03/leis/l8443.htm.
Brasil. (2016). Lei n° 13.303, de 30 de junho de 2016. Dispõe sobre o estatuto jurídico das empresas públicas, sociedades de economia mista e suas subsidiárias. Recuperado em 09 fevereiro, 2022, de http://www.planalto.gov.br/ccivil_03/_ato2015-2018/2016/lei/l13303.htm.
Brasil (2018). Decisão Normativa – TCU n° 170, de 19 de setembro de 2018. Dispõe acerca das unidades cujos dirigentes máximos devem prestar contas de suas gestões ocorridas no exercício de 2018, especificando a forma, os conteúdos e os prazos de apresentação, nos termos do art. 3º da Instrução Normativa TCU 63, de 1º de setembro de 2010. Recuperado em 02 agosto, 2022, de https://portal.tcu.gov.br/contas/contas-e-relatorios-de-gestao/contas-do-exercicio-de-2018.htm.
Cardoso, S. C. (2021). A influência de fatores pessoais sobre a percepção dos contadores e agentes públicos quanto à adesão do relato integrado no setor público brasileiro: uma análise à luz da teoria institucional. Dissertação de Mestrado em Ciências Contábeis, Programa de Mestrado em Ciências Contábeis da Universidade de Brasília, Brasília. Recuperado de https://repositorio.unb.br/handle/10482/45375.
Caruana, J., & Grech, I. (2019). Tweaking public sector reporting with integrated reporting (IR) concepts. Public Money & Management, 39(6), 409-417. DOI: https://doi.org/10.1080/09540962.2019.1583911
Cerbone, D., & Maroun, W. (2020). Materiality in an integrated reporting setting: Insights using an institutional logics framework. The British Accounting Review, 52(3), 100876. DOI: https://doi.org/10.1016/j.bar.2019.100876
Chaidali, P. P., & Jones, M. J. (2017). It’s a matter of trust: Exploring the perceptions of Integrated Reporting preparers. Critical Perspectives on Accounting, 48, 1-20. DOI: https://doi.org/10.1016/j.cpa.2017.08.001
CIPFA - The Chartered Institute of Public Finance & Accountancy. (2017). Integrated thinking and reporting. Focusing on value creation in the public sector: An introduction for leaders. Recuperado em 18 abril, 2023, de https://www.cipfa.org/-/media/files/cipfa-thinks/reports/focusing_on_value_creation_integrated_reporting.pdf
CIPFA - The Chartered Institute of Public Finance & Accountancy. (2022). Exposure Draft ED/2022/S1: General Requirements for Disclosure of Sustainability-related Financial Information. Response to ISSB. Recuperado em 21 abril, 2023, de https://www.ifrs.org/content/dam/ifrs/project/general-sustainability-related-disclosures/exposure-draft-comment-letters/c/cipfa-f96d183f-650e-4be9-a290-4cc22f5a56dd/cipfa-exposure-draft-ed.2022.s1-response-final.pdf
De Villiers, C., Hsiao, P. C. K., & Maroun, W. (2017). Developing a conceptual model of influences around integrated reporting, new insights and directions for future research. Meditari Accountancy Research, 24, 450-460. DOI: https://doi.org/10.1108/medar-07-2017-0183
De Villiers, C., & Sharma, U. (2020). A critical reflection on the future of financial, intellectual capital, sustainability and integrated reporting. Critical Perspectives on Accounting, 70, 101999. DOI: https://doi.org/10.1016/j.cpa.2017.05.003
De Villiers, C., & Hsiao, P. C. K. Integrated Reporting. In: De Villiers, C. & Maroun, W. (2017). Sustainability accounting and integrated reporting. Abingdon: Routledge, p. 13-24. DOI: https://doi.org/10.4324/9781315108032
Dumay, J., Bernardi, C., Guthrie, J., & Demartini, P. (2016). Integrated reporting: A structured literature review. Accounting forum, 40(3), p. 166-185. DOI: https://doi.org/10.1016/j.accfor.2016.06.001
EUROSAI - European Organisation of Supreme Audit Institutions. Integrated Reporting in the European Public Sector: It’s time to act!. (2021). Recuperado em 21 abril, 2023, de https://www.eurosai.org/handle404?exporturi=/export/sites/eurosai/.content/documents/news/Final-report-Integrated-reporting.pdf
Farneti, F., Casonato, F., Montecalvo, M., & de Villiers, C. (2019). The influence of integrated reporting and stakeholder information needs on the disclosure of social information in a state-owned enterprise. Meditari Accountancy Research,27(4), p. 556-579. DOI: https://doi.org/10.1108/medar-01-2019-0436
Favato, K. J., Neumann, M., & Sanches, S. L. R. (2020). O percurso do contrato de legitimação para o desenvolvimento sustentável: análise dos temas atrelados no relato integrado do BNDES. Contabilidade Vista & Revista, 31(3), 52-73.
Flower, J. (2015). The international integrated reporting council: a story of failure. Critical Perspectives on Accounting, 27, 1-17. DOI: https://doi.org/10.1016/j.cpa.2014.07.002
Freitas, B. F. G. D., & Freire, F. D. S. (2017). Relato Integrado: Um estudo da aderência da estrutura conceitual proposta pelo IIRC no Relatório Socioambiental do Conselho Federal de Contabilidade. Sociedade, Contabilidade e Gestão, 12(1), 77-92. DOI: https://doi.org/10.21446/scg_ufrj.v12i1.13399
Galvão, L., Souza, F. M., Meurer, A. M. & Machado, M. (2022). Relato Integrado e Pensamento Integrado nas Estatais Estaduais Brasileiras. Revista FSA, 19(10), p. 212-234, 2022. DOI: http://dx.doi.org/10.12819/2022.19.10.11
García‐Sánchez, I. M., Martínez‐Ferrero, J., & Garcia‐Benau, M. A. (2019). Integrated reporting: The mediating role of the board of directors and investor protection on managerial discretion in munificent environments. Corporate Social Responsibility and Environmental Management, 26(1), 29-45. DOI: https://doi.org/10.1002/csr.1655
Gerwanski, J., Kordsachia, O., & Velte, P. (2019). Determinants of materiality disclosure quality in integrated reporting: Empirical evidence from an international setting. Business Strategy and the Environment, 28(5), 750-770. DOI: https://doi.org/10.1002/bse.2278
Gonçalves, H. S., Anjos, L. C. M., & Freitas, M. A. L. (2019). Relato integrado e desempenho financeiro das empresas listadas na B3. RACE: Revista de Administração, Contabilidade e Economia, 18(2), 345-362. DOI: https://doi.org/10.18593/race.19954
Guerra, J. B. S. O., Dutra, L., Schwinden, N. B. C., & Andrade, S. F. (2015). Future scenarios and trends in energy generation in Brazil: supply and demand and mitigation forecasts. Journal of Cleaner Production, 103, 197-210. DOI: https://doi.org/10.1016/j.jclepro.2014.09.082
Hughes, S. B., Anderson, A., & Golden, S. (2001). Corporate environmental disclosures: are they useful in determining environmental performance?. Journal of accounting and public policy, 20(3), 217-240. DOI: https://doi.org/10.1016/s0278-4254(01)00031-x
IFRS – International Financial Reporting Standards Board. (2021). IFRS Foundation announces International Sustainability Standards Board, consolidation with CDSB and VRF, and publication of prototype disclosure requirements. Recuperado em 20 novembro, 2021, de https://www.ifrs.org/news-and-events/news/2021/11/ifrs-foundation-announces-issb-consolidation-with-cdsb-vrf-publication-of-prototypes/
IFRS - International Financial Reporting Standards Board. (2022). The Transition to integrated thinking: a guide to getting started is now available. Recuperado em 17 abril, 2023, de https://www.integratedreporting.org/news/the-transition-to-integrated-thinking-a-guide-to-getting-started-is-now-available/.
IFRS - International Financial Reporting Standards Board. (2023). About us. Recuperado em 11 abril, 2023, de https://www.integratedreporting.org/the-iirc-2/.
IIRC – International Integrated Reporting Council. (2013). The International Integrated Reporting Framework. Recuperado em 11 abril, 2023, de https://www.integratedreporting.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf
IIRC – International Integrated Reporting Council. (2014). Pilot Programme Business Network. Recuperado em 22 fevereiro, 2022, de https://integratedreporting.org/wp-content/uploads/2014/03/IIRC-Pilot-Program-Business-Network-backgrounder-Americas-March-2014.pdf.
INB - Indústrias Nucleares Do Brasil. Relatos Integrados dos anos 2018, 2019 e 2020. Recuperado em 23 janeiro, 2022, de http://www.inb.gov.br/Relacoes-com-Acionistas/Informacoes-aos-Acionistas/Informacoes-Financeiras/Relatorio-Anual-da-Administracao-Relato-Integrado-e-Demonstracoes-Financeiras
Ingley, C., Singh, S., & Malkani, A. (2020). Teasing out fieldwork challenges with e-mail methods in cross-border research. Qualitative Research in Organizations and Management, 15(3), pp. 402-418. DOI: https://doi.org/10.1108/QROM-02-2017-1490
Kiliç, M., Uyar, A., Kuzey, C., & Karaman, A. S. (2020). Does institutional theory explain integrated reporting adoption of Fortune 500 companies?. Journal of Applied Accounting Research, 22, 114-137. DOI: https://doi.org/10.1108/jaar-04-2020-0068
Lima, M. A., Mendes, L. F. R., Mothé, G. A., Linhares, F. G., Castro, M. P. P., Silva, M. G., & Sthel, M. S. (2020). Renewable energy in reducing greenhouse gas emissions: Reaching the goals of the Paris agreement in Brazil. Environmental Development, 33, 100504. DOI: https://doi.org/10.1016/j.envdev.2020.100504
Maciel, P. A., & Cintra, Y. C. (2015). De único a integrado: a história recente da evolução dos relatos corporativos. Centre for Social and Enviromental Accounting Research, Bahia, UFBA, 2015.
Manes-Rossi, F. (2018). Is integrated reporting a new challenge for public sector entities?. African Journal of Business Management, 12(7), 172-187. DOI: https://doi.org/10.5897/ajbm2018.8498
Meho, L.I. (2006), E-mail interviewing in qualitative research: A methodological discussion. J. Am. Soc. Inf. Sci., 57: 1284-1295. DOI: https://doi.org/10.1002/asi.20416
Melloni, G., Caglio, A., & Perego, P. (2017). Saying more with less? Disclosure conciseness, completeness and balance in Integrated Reports. Journal of Accounting and Public Policy, 36(3), 220-238. DOI: https://doi.org/10.2139/ssrn.2861056
Montecalvo, M., Farneti, F., & De Villiers, C. (2018). The potential of integrated reporting to enhance sustainability reporting in the public sector. Public Money & Management, 38(5), 365-374. DOI: https://doi.org/10.1080/09540962.2018.1477675
Moreira, R. P., Tatei, T. Y., Araujo, D. G., Ayoub, J. M. S., Seneda, J. A., Duque, M. A., & Oliveira, I. C. (2019). Prospects for nuclear energy in Brazil. Brazil: ABEN. Recuperado em 09 novembro, 2022, de https://inis.iaea.org/search/search.aspx?orig_q=RN:34083862
Nicolo, G., Zanellato, G., Manes-Rossi, F., & Tiron-Tudor, A. (2021). Corporate reporting metamorphosis: Empirical findings from state-owned enterprises. Public Money & Management, 41(2), 138-147. DOI: https://doi.org/10.1080/09540962.2020.1719633
Oprisor, T., Tiron-Tudor, A., & Nistor, C. S. (2016). The integrated reporting system: A new accountability enhancement tool for public sector entities. The Audit Financiar Journal, 14(139), 747-747. DOI: https://doi.org/10.20869/auditf/2016/139/747
Peixoto, N. O., & Martins, V. F. (2015). Relato integrado e a convergência com relatórios de sustentabilidade: Um estudo em empresas brasileiras. RAGC, 3(7), 23-36. Recuperado em 09 novembro, 2022, de https://revistas.fucamp.edu.br/index.php/ragc/article/view/599
Reja, U., Manfreda, K. L., Hlebec, V., & Vehovar, V. (2003). Open-ended vs. close-ended questions in web questionnaires. Developments in applied statistics, 19(1), 159-177.
Ribeiro, C. D. M., Vieira Neto, J. V., Cosenza, J. P., & Zotes, L. P. (2020). Evidenciação da responsabilidade social corporativa nos estudos sobre relato integrado: uma revisão estruturada da literatura. Desenvolvimento e Meio Ambiente, 53, 107-132. DOI: https://doi.org/10.5380/dma.v53i0.68391
Ricardo, V. S., Barcellos, S. S., & Bortolon, P. M. (2017). Relatório de sustentabilidade ou relato integrado das empresas listadas na BM&FBovespa: fatores determinantes de divulgação. Revista de Gestão Social e Ambiental, 11(1), 90. DOI: https://doi.org/10.24857/rgsa.v11i1.1233
Roychowdhury, S., Shroff, N., & Verdi, R. S. (2019). The effects of financial reporting and disclosure on corporate investment: A review. Journal of Accounting and Economics, 68(2-3), 101246. DOI: https://doi.org/10.2139/ssrn.3364582
Sanches, S. L. R., Favato, K. J., Slewinski, E., & Neumann, M. (2020). Sensemaking dos atores de uma instituição financeira na adoção e elaboração do Relato Integrado. Revista Brasileira de Gestão de Negócios, 22, 628-646. DOI: https://doi.org/10.7819/rbgn.v22i3.4067
Sato, S. C. C., & Ferreira, D. M. (2021). Relate ou Explique para os Objetivos De Desenvolvimento Sustentável: Comportamento e Motivos Apresentados pelas Empresas. Sustainable Business International Journal, 1(93), 1-30. Recuperado em 09 novembro, 2022, de https://periodicos.uff.br/sbijournal/article/view/45499/28286
Silva, N. A. M. (2023). Plano de fundo para o Relato Integrado: O caso da Universidade Federal de Santa Maria. Dissertação de Mestrado em Gestão de Organizações Públicas, Universidade Federal de Santa Maria, Rio Grande do Sul. Recuperado de https://repositorio.ufsm.br/handle/1/28421
Souza, F. M., & Panhoca, L. (2021 2020). O discurso de sustentabilidade e a pesquisa acadêmica sobre o relato integrado (IR) no setor público. Advances in Scientific and Applied Accounting, 13(3), 166-184. DOI: https://doi.org/10.14392/asaa.2020130309
Teixeira, A. C., Rech, I. J., Zanolla, E., & Couto, M. H. (2021). Nível da divulgação das informações não financeiras das empresas brasileiras participantes do projeto piloto de relato integrado. Revista Contemporânea de Contabilidade, 18(46), 16-31. DOI: https://doi.org/10.5007/2175-8069.2021.e62657
Vitolla, F., Raimo, N., & De Nuccio, E. (2018). Integrated reporting: Development and state of art — The Italian case in the international context. International Journal of Business and Management, 13(11), 233-240. DOI: https://doi.org/10.5539/ijbm.v13n11p233
Vitolla, F., Raimo, N., & Rubino, M. (2019). Appreciations, criticisms, determinants, and effects of integrated reporting: A systematic literature review. Corporate Social Responsibility and Environmental Management, 26(2), 518-528. DOI: https://doi.org/10.1002/csr.1734
VRF - Value Reporting Foundation. International Framework. (2021). Recuperado em 06 fevereiro, 2022, de https://www.integratedreporting.org/resource/international-ir-framework/
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish in this magazine agree with the following terms:
Authors keep the copyrights and concede the right of its first publication to the magazine. The work piece must be simultaneously licensed on the Creative Commons Attribution Licence which allows the paper sharing, and preserves both the author identity and the right of first publication to this magazine.
Authors are authorized to assume additional contracts separately, to not-exclusively distribution of the paper version published in this magazine (e.g.: publish in institutional repository or as a book chapter), with the author identity recognition and its first publication in this magazine.
Authors are permitted and stimulated to publish and distribute their papers online (e.g.: in institutional repository or on their personal webpage), considering it can generate productive alterations, as well as increase the impact and the quotations of the published paper.
Creative Commons - Atribuição-NãoComercial-SemDerivações 4.0 Internacional.
Português (Brasil)
English
Español (España)
