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New Aspects of Sustainability: Analysis of the European Practice of Non-Financial Reports

Author

Listed:
  • Boros, Anita
  • Lentner, Csaba
  • Nagy, Vitéz

Abstract

Companies must report compliance with environmental (E), social (S) and governmental (G) criteria in accordance with the disclosure rules (framework) for non-financial information. In our study, we examine the characteristics of ESG reports, whether they reflect the sustainability performance of individual market players, as well as what the most relevant problems are regarding this issue, not underestimating the fact that the most serious problem of corporate sustainability in 2022 was energy supply difficulties and price problems. In the course of our research, we have come to the conclusion that there are a number of parallel mandatory and optional disclosure requirements that require the publication of different data, so they are only partially suitable for comparing the sustainability activities of companies. Some of the corporate reports deal with ESG issues only in principle and only a small proportion reports on actions and results. We have also made suggestions that support the comparability of companies based on ESG indicators.

Suggested Citation

  • Boros, Anita & Lentner, Csaba & Nagy, Vitéz, 2022. "New Aspects of Sustainability: Analysis of the European Practice of Non-Financial Reports," Public Finance Quarterly, Corvinus University of Budapest, vol. 67(2), pages 181-195.
    • Handle: RePEc:pfq:journl:v:67:y:2022:i:2:p:181-195
    DOI: https://doi.org/10.35551/PFQ_2022_2_2
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    Cited by:

    1. Pal Peter Kolozsi & Balazs Istvan Horvath & Judit Csutine-Baranyai & Veronika Tengely, 2022. "Monetary Policy and Green Transition," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 21(4), pages 7-28.

    More about this item

    Keywords

    non-financial report; sustainability reports; NFRD; ESG; ESG approach;
    All these keywords.

    JEL classification:

    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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