An investigation of environmental reporting in the oil and gas sector of Pakistan using Global Reporting Initiative’s guidelines

Abstract

The article investigates reporting of environmental protection activities of Oil and Gas (O&G) companies from Pakistan. The content analysis technique was used to evaluate the extent of the coverage of environmental aspects of in annual reports, with the guidance of GRI guidelines. Twelve O&G companies’ in Pakistan were investigated for a period of five years. The results generally indicated that there were few companies performed considerably better than the others in reporting of GRI environmental indicators. Nonetheless, majority of the companies noted that there is a low coverage of GRI guidelines. This study offers implications for O&G stakeholders such as company managers, policymakers, and to the local governing bodies in Pakistan.