Exploring tax-related sustainability reporting by electric utilities

This study examines tax-related sustainability reporting among electric utilities. Our sample consists of the 32 electric utilities included in the S&P Global Sustainability Yearbook 2022. A content analysis was conducted to examine their level of tax-related sustainability reporting. The concepts of isomorphism and diffusion underpin the interpretation of the findings. Two sources of coercive isomorphism are identified: the State, via Directive 2014/95/EU, making sustainability reporting mandatory in the EU, and the laws transposing it; and European multinational corporations’ influence on Latin American subsidiaries. We also identified normative and mimetic isomorphism related to awards and responsible tax initiatives in Spain.