Abstract:

In March 2022, a military conflict was initiated in Ukraine, having Russia as an invading country. European entities from the energy-related sectors would be potentially affected by this event, considering Europe's dependence on energy imports from Russia. Then, it would be expected that consolidated financial or integrated reporting of those entities disclosed information on the likely impacts of this event at the end of the reporting period ended in 2021, at least under the requirements of International Accounting Standard 10 on this topic. This paper aimed to assess, through an exploratory analysis, the disclosures by listed European entities from the energy-related sectors regarding Russia’s invasion of Ukraine in 2022. The consolidated financial or integrated reporting for the reporting period that ended in 2021 is used as the source of information. The findings globally indicated a reduced level of information on this event, excepting some entities from the oil and gas sectors, which was particularly evident within the electricity sector. Furthermore, figures are usually missing, and repetitions, as well as unclear and vaguer information on the likely future impacts, were usually found. This paper may contribute to the literature by providing insights into the different patterns found by the entities concerning a current topic that has relevant social and economic impacts worldwide.