Demand for sustainability disclosures: evidence from web-tracking data of CSRD reports
利用八家大公司的网络追踪数据，研究了利益相关者如何参与首批CSRD/ESRS可持续发展报告，发现其访问量与财务报告相当，但用户互动更深入，且受众更偏向国内和欧盟的多方利益相关者。
We examine how stakeholders engage with firms’ first CSRD/ESRS sustainability reports using web-tracking data from eight large firms, covering more than 100,000 visitors and 400,000 page views in the three months following publication. Sustainability disclosures attract similar levels of traffic as financial disclosures. Users interact more intensively with sustainability content and rarely move between financial and sustainability content. Sustainability disclosures are accessed by a more domestic and EU-focused, multi-stakeholder audience, whereas financial disclosures attract a more global and investor-oriented audience.