ADOPTION OF ESG CRITERIA AND SOCIO-ENVIRONMENTAL RISKS IN ACCOUNTING: ANALYSIS OF BANCO BRADESCO’S COMPLIANCE WITH IFRS S1 STANDARDS

Abstract

This study analyzes how Banco Bradesco integrates ESG (Environmental, Social and Governance) criteria into its accounting practices and sustainability reports, assessing its compliance with the transparency and comparability requirements of IFRS S1. In a context of growing demand for socio-environmental responsibility, the relevance of accounting practices aligned with international sustainability standards and their impacts on corporate governance and financial statements is highlighted. Considering the aspects mentioned above, as well as the disclosure of financial impacts and cash flow proposed by IFRS S1, the following question arises: How does Banco Bradesco incorporate ESG criteria into its accounting practices and sustainability reports, and to what extent do these practices meet the disclosure requirements established by IFRS S1? The research adopts a qualitative approach, using documentary analysis of Bradesco’s sustainability reports and a theoretical review of ESG, IFRS S1, and governance practices in the financial sector. The results indicate that, although the bank presents initiatives aligned with ESG principles, there are still gaps in the integration of this information into financial statements. The absence of consistent quantitative metrics and the lack of standardization in the reports compromise the transparency and comparability of the information. It is concluded that, in order to fully comply with IFRS S1, Bradesco must improve its disclosure processes by integrating ESG data into financial statements in a structured and measurable manner. The implementation of auditing systems to validate ESG information is recommended in order to increase data reliability and stakeholder confidence. The study contributes to the advancement of discussions on ESG practices in the financial sector and reinforces the importance of compliance with international standards for institutional credibility.