Corporate Sustainability Reporting Directive (CSRD): Obligations, Challenges and Requirements for Companies

Authors

  • Ivana Martinčević University North
  • Dinko Primorac University North
  • Barbara Dorić Fortenova Group

DOI:

https://doi.org/10.54820/entrenova-2024-0026

Keywords:

sustainability reporting, CSRD, ESG, business process, accounting, auditing

Abstract

Today, companies should develop and operate in a sustainable and green society with the least possible negative environmental impact. At the global level, it is necessary to awaken and develop an awareness of the need to accept the concept of sustainable development, thus the application of the Corporate Sustainability Reporting Directive (CSRD) and ESG (environmental, social, and governance) concept. The Corporate Sustainability Reporting Directive (CSRD) is the new EU legislation requiring all large companies to publish regular reports on their environmental and social impact activities. CSRD sets out reporting requirements and obligations for companies and expands existing rules on non-financial reporting. CSRD reporting will help stakeholders (investors, consumers, policymakers, and others) evaluate large companies' non-financial performance. This paper aims to explore the area of ​​sustainability reporting through CSRD reporting and its connection to the ESG concept in today's business world.

Author Biographies

Ivana Martinčević, University North

Ivana Martinčević (Ph.D. in economics) works as an Assistant Professor at the University North, Department of Logistics and sustainable mobility. She gained her Ph.D. at the University of Applied Sciences Burgenland. She is the author and co-author of numerous domestic and international professional and scientific articles and has participated in several international conferences. The author can be contacted at ivana.martincevic@unin.hr

Dinko Primorac, University North

Dinko Primorac is a Croatian scientist, university professor and entrepreneur. He received his undergraduate education at Webster University, graduated at the Faculty of Economics in Zagreb, and received his PhD from Megatrend University. As a professor he teaches at several Croatian and international universities. He has participated in numerous international scientific conferences and as a reviewer he gives his contribution in scientific journals. As a scientist he participates in several domestic and international economic projects. His specialty are entrepreneurship and macroeconomics. He is member of several supervisory boards of renowned Croatian companies. The author can be contacted at dprimorac@unin.hr

Barbara Dorić, Fortenova Group

Barbara Dorić is a scientist (Ph.D. in economics) who worked for Croatian most established companies in the last 10 years. She received her PhD education at the University of Ljubljana, Faculty of Economics. She published several scientific papers in the field of Economy and participated in several international conferences. In her career, she was Executive Director of the Centre for Monitoring of Energy Business and Investments, President of the Management Board of Croatian Hydrocarbon Agency, Managing Director at LNG Croatia, Member of the Management Board at INA Group, etc. The author can be contacted at barbaradoric@yahoo.hr

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Published

2024-11-13

How to Cite

Martinčević, I., Primorac, D., & Dorić, B. (2024). Corporate Sustainability Reporting Directive (CSRD): Obligations, Challenges and Requirements for Companies. ENTRENOVA - ENTerprise REsearch InNOVAtion, 10(1), 317–327. https://doi.org/10.54820/entrenova-2024-0026

Issue

Vol. 10 No. 1 (2024)

Section

Business Administration & Business Economics, Marketing, Accounting

License

Copyright (c) 2024 ENTRENOVA - ENTerprise REsearch InNOVAtion

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.