Sustainability reporting in transition: comparing eu and Western Balkan practices
2025
Rnjak Punos, Gligorija | Knežević, Goranka
This paper examines the development of sustainability reporting, focusing on the European Union’s (EU) regulatory framework, including the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Re porting Standards (ESRS) which mandate detailed reporting on environmen tal, social, and governance (ESG). It explores how these regulations enhance corporate transparency and accountability while assessing their impact on the Western Balkans, which are in various stages of alignment with EU stan dards as part of the accession process. The study highlights specific chal lenges faced by the Western Balkans, such as limited regulatory capacity, technical expertise gaps, and implementation costs. It contrasts mandatory reporting in EU countries with the predominantly voluntary approach in the Western Balkans, identifying opportunities for improvement. By analyzing corporate reports and conferences, the paper identifies barri ers and opportunities for alignment with EU standards, emphasizing capacity building. The goal is to evaluate sustainability reporting across regions and propose strategies to bridge the gap between EU and Western Balkan practices
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Bibliographic information
Publisher Institute of Agricultural Economics, Belgrade, Serbia
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