Tranzicija, Vol. 26 No. 53, 2025.
Pregledni rad
ACCOUNTING CHALLENGES AND OPPORTUNITIES IN INTEGRATING ESG CRITERIA INTO THE CIRCULAR ECONOMY: A PATH TOWARDŞ A SUSTAINABLE FUTURE
Edin Glogić
orcid.org/0000-0002-7664-0595
*
Slavko Rakočević
Ismet Đuzelić
* Dopisni autor.
Sažetak
This paper explores the accounting challenges and opportunities associated with integrating
ESG (Environmental, Social, and Governance) criteria into the circular economy. In the
context of an increasing global focus on sustainability, accounting practices must evolve to
adequately support the goals of the circular economy and ensure transparent and accurate
reporting of ESG performance. The paper analyzes the current challenges accountants face
during the integration of ESG criteria, including the inconsistency of standards, the lack of
clear guidelines for measurement and reporting, and the complexity of tracking the long-term
effects of sustainable practices. Simultaneously, it investigates a range of opportunities that this integration offers, such as enhancing corporate reputation, better risk management, and
increased attractiveness to sustainability-oriented investors. The paper also considers how
new technologies and digitalization can facilitate the collection, analysis, and reporting of
ESG data, enabling more precise monitoring of sustainable business activities. Through
analyses of existing practices, the paper provides guidelines for the accounting profession to
more effectively address the challenges and leverage the opportunities presented by the
integration of ESG criteria into the circular economy.
Ključne riječi
accounting, ESG, circular economy, sustainable development, reporting
Hrčak ID:
336269
URI
Datum izdavanja:
6.10.2025.
Posjeta: 660 *