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The Impact of Corporate Sustainability Reporting Directive on Financial Reporting

Author

Listed:
  • Laurențiu Paul Barangă

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Elena-Ioana Ifrim

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The current concern about moving towards a sustainable environment and facilitating the green transition has led to the development of a new legislative framework, comprising as many companies as possible in the area of applicability, which will take steps to apply the new reporting requirements. The new legislative framework referred to in this article is called Corporate Sustainability Reporting Directive (CSRD) and will replace the Non-Financial Reporting Directive (NFRD). Thus, the article follows the impact of CSRD on financial reporting, comprising a market study on the companies listed on the Bucharest Stock Exchange and on the way in which the new legislative framework impacts the financial statements elaborated by them.

Suggested Citation

  • Laurențiu Paul Barangă & Elena-Ioana Ifrim, 2023. "The Impact of Corporate Sustainability Reporting Directive on Financial Reporting," Journal of Financial Studies, Institute of Financial Studies, vol. 8(15), pages 215-222, November.
    • Handle: RePEc:fst:rfsisf:v:8:y:2023:i:15:p:215-222
    DOI: 10.55654/JFS.2023.8.15.14
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    References listed on IDEAS

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    1. Leo van der Tas & Yukti Aggarwal & Danijela Maksimovic, 2022. "Effects of climate change on financial statements of entities listed in the Netherlands," Maandblad Voor Accountancy en Bedrijfseconomie Articles, Maandblad Voor Accountancy en Bedrijfseconomie, vol. 96(11-12), pages 391-404, December.
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      More about this item

      Keywords

      net profit; share price; Bucharest Stock Exchange; comparative analysis.;
      All these keywords.

      JEL classification:

      • G30 - Financial Economics - - Corporate Finance and Governance - - - General
      • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
      • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
      • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
      • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
      • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
      • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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