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ENTRENOVA - ENTerprise REsearch InNOVAtion Journal, Vol. 11 No. 1, 2025.

Original scientific paper

https://doi.org/10.54820/entrenova-2025-0032

Reporting According To EU Taxonomy Criteria

Ivana Martinčević orcid id orcid.org/0000-0002-9154-4331 ; University North, Croatia
Goran Kozina ; University North, Croatia
Katerina Fotova Čiković orcid id orcid.org/0000-0003-0138-1362 ; University North, Croatia

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Abstract

Due to the increasing importance of sustainability and ESG concepts in global business, companies strive to operate in an environmentally, socially, and economically responsible manner, integrating the fundamental principles of sustainability into their business processes, operations, and strategies. The goal of sustainable business is to grow and develop the company with minimal negative impact on the environment, society, and the economy. With the European Green Plan, the main goal of the European Union (EU) is to reduce greenhouse gas emissions and achieve climate neutrality by 2050. It is precisely for this reason that the EU Taxonomy, a tool for assessing the sustainability of business activities, was created and defined. The EU taxonomy is a regulatory and classification framework that provides clear information on which investments and activities are sustainable and guidance for companies on reporting their compliance with sustainability criteria. Reporting under the EU taxonomy represents a significant challenge for companies, while, on the other hand, it imposes an obligation on companies regarding their activities and their impact on environmental, social, and governance components. Reporting under the EU taxonomy and its criteria aims to increase transparency into sustainable growth and development for organizations and society as a whole. This paper aims to investigate and analyze the importance and role of reporting, as defined by the EU taxonomy, as an instrument for improving corporate governance, and its connection with non- financial reporting (ESG) and the CSRD directive.

Keywords

business; sustainability; reporting; accounting; EU taxonomy; ESG

Hrčak ID:

344923

URI

https://hrcak.srce.hr/344923

Publication date:

1.12.2025.

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