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Shifting to clean industries is a challenging mission that a complex network of stakeholders and their different interests must take into account. Within this network, the interplay between environmental and financial performance of a company represents a common point with a growing emphasis on the transparency and the materiality capacity of the disclosed information. This paper uses the Structural Equation Modeling and the Gaussian Graphical Models as graphical analysis approaches and offers a first insight about the interaction between environmental materiality measures and financial performance. A preliminary step of the scientific research consisted of a hand\u2010mapping investigation about materiality conditions. Starting from the Materiality Map developed by the Sustainability Accounting Standards Board (SASB), this paper extends the main concept about materiality and investigates it on three different content ranges, which focus on the general environmental policy of the company, the targets set, and its concrete footprint. The methodology approaches were grounded on a newly compiled dataset provided by the Thomson Reuters database for 194 Economic European Area (EEA) oil and gas companies. The results provide significant evidences for the manifestation of materiality and emphasize the informational content of the individual environmental measures as an important condition for its financial impact. Adding to the environmental\u2010financial performance relationship, our findings have both practical and academic relevance for the economic field and sustainable growth goals.<\/jats:p>","DOI":"10.1155\/2021\/7380759","type":"journal-article","created":{"date-parts":[[2021,2,28]],"date-time":"2021-02-28T18:05:09Z","timestamp":1614535509000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":6,"title":["Materiality Conditions in the Interplay between Environment and Financial Performance: A Graphical Modeling Approach for EEA Oil and Gas Companies"],"prefix":"10.1155","volume":"2021","author":[{"given":"Mirela","family":"Sichigea","sequence":"first","affiliation":[]},{"given":"Marian","family":"Siminica","sequence":"additional","affiliation":[]},{"given":"Mirela","family":"Cristea","sequence":"additional","affiliation":[]},{"given":"Gratiela Georgiana","family":"Noja","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-7303-1308","authenticated-orcid":false,"given":"Daniel","family":"Circiumaru","sequence":"additional","affiliation":[]}],"member":"311","published-online":{"date-parts":[[2021,2,28]]},"reference":[{"key":"e_1_2_8_1_2","unstructured":"European Commission Annual sustainable growth strategy 2020 com 2019 https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:32013D1386."},{"key":"e_1_2_8_2_2","doi-asserted-by":"publisher","DOI":"10.1002\/bse.2070"},{"key":"e_1_2_8_3_2","unstructured":"European Commission The european green deal com 2019 https:\/\/ec.europa.eu\/info\/sites\/info\/files\/european-green-deal-communication_en.pdf."},{"key":"e_1_2_8_4_2","unstructured":"European Commission A roadmap for recovery towards a more resilient sustainable and fair Europe https:\/\/www.consilium.europa.eu\/media\/43384\/roadmap-for-recovery-final-21-04-2020.pdf."},{"key":"e_1_2_8_5_2","doi-asserted-by":"publisher","DOI":"10.1002\/bse.2426"},{"key":"e_1_2_8_6_2","doi-asserted-by":"publisher","DOI":"10.3390\/su9111957"},{"key":"e_1_2_8_7_2","doi-asserted-by":"publisher","DOI":"10.1002\/csr.1876"},{"key":"e_1_2_8_8_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jclepro.2014.08.047"},{"key":"e_1_2_8_9_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.bar.2014.10.007"},{"key":"e_1_2_8_10_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.ecolecon.2012.04.004"},{"key":"e_1_2_8_11_2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jclepro.2015.04.039"},{"key":"e_1_2_8_12_2","doi-asserted-by":"publisher","DOI":"10.1002\/bse.2215"},{"key":"e_1_2_8_13_2","unstructured":"United Nations Corporate guidance for international public sector accounting standards materiality framework 2016 https:\/\/www.un.org\/ipsas\/Corporate%20Guidance\/Corporate_Guidance_Materiality_Framework.pdf."},{"key":"e_1_2_8_14_2","unstructured":"Global Reporting Initiative (GRI) The Materiality Principle: A Deep Dive. 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