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Current Trends in European Sustainability Reporting Legislation

Author

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  • Atanas Atanasov

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

An increasing number of non-financial indicators and risks related to the social, environmental and governmental aspects of the activity have a significant impact on the global value of a company in last years. The purpose of this article is to be reviewed European sustainability reporting landscape and to carry out a critical analysis of the legislation of sustainability reporting, and on this basis the main problems and perspectives in its development to ne outlined. Our findings suggest that the creation of two parallel regimes for non-financial reporting will create further confusion among companies as to which standards to be applied.

Suggested Citation

  • Atanas Atanasov, 2022. "Current Trends in European Sustainability Reporting Legislation," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 11(2), pages 77-89, August.
    • Handle: RePEc:vra:journl:v:11:y:2022:i:2:p:77-89
    as

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    File URL: http://su-varna.org/journal/IJUSV-ESS/2022.11.2/77-89.pdf
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    References listed on IDEAS

    as
    1. Gary K Meek & Clare B Roberts & Sidney J Gray, 1995. "Factors Influencing Voluntary Annual Report Disclosures By U.S., U.K. and Continental European Multinational Corporations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(3), pages 555-572, September.
    2. Richard A. Lambert & Robert E. Verrecchia, 2015. "Information, Illiquidity, and Cost of Capital," Contemporary Accounting Research, John Wiley & Sons, vol. 32(2), pages 438-454, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    sustainability reporting; CSRD; NFRD; non-financial reporting; ESG reporting; EU legislation;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • 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
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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