THE EUROPEAN CONCEPT FOR REPORTING ON ENTERPRISES REGARDING SUSTAINABILITY - KEY HIGHLIGHTS AND RECOMMENDATIONS

Abstract

The publication is dedicated to an extremely current and incompletely clarified problem in economic academic literature, related to the reporting of enterprises in relation to sustainability in economic, social and managerial dimensions. The key stakeholders required to provide sustainability information have been identified. The main criteria for achieving environmental and social sustainability based on compliance with internationally recognized standards are indicated. A parallel is drawn between the Directives of the European Union on the reporting of enterprises in relation to sustainability and, respectively, on the disclosure of non-financial information. Arguments are made that the new European directive is a new updated, renewed and in-depth version with an expanded scope of components taking into account climate change and the Green Deal. Recommendations to enterprises, institutions and the scientific community have been formulated.