ІМПЛЕМЕНТАЦІЯ ЄВРОПЕЙСЬКИХ СТАНДАРТІВ ЗВІТНОСТІ ПРО СТАЛИЙ РОЗВИТОК

Kostiantyn BEZVERKHYI

doi:10.31617/3.2024(133)08

Authors

Kostiantyn BEZVERKHYI State University of Trade and Economics https://orcid.org/0000-0001-8785-1147

DOI:

https://doi.org/10.31617/3.2024(133)08

Keywords:

reporting, sustainable development, reporting on sustainable development, non-financial reporting, integrated reporting, European sustainability reporting standards, standardization, corporate social responsibility, corporative management.

Abstract

The introduction of European sustainability reporting standards into the process of corporate reporting can have a significant impact on the development of sustainable business and increase its social responsibility to society as a whole. The implementation of the requirements of the EU Directive 2022/2464 "On corporate sustainability reporting" into the general practice of reporting in Ukraine involves a detailed study of its requirements, as well as implementation into national legislation through standardization, clarification and the provision of methodological and methodical recommendations for the creation of corporate sustainability reporting. The purpose of the study is to identify the conceptual foundations of ESRS for the development of approaches to their implementation in the national practice of corporate reporting, which will allow the implementation of the requirements of EU Directive 2022/2464 in Ukraine. The general scientific and special methods were used: trend analysis, dialectical method, method of induction and deduction, analysis, synthesis, method of concretization, generalization, systematization, visualization, hypothetical method and bibliometric analysis. The study is designed to improve the theoretical and methodological provisions regarding the implementation of ESRS in Ukraine by developing an authorʼs approach to their implementation. This made it possible to develop the basis for the introduction of European reporting standards on sustainable development into the national reporting practice. In the article a three-stage approach to determining essential information about risks and opportunities associated with sustainable development was characterized; the composition of the European sustainability reporting standards was analysed and their characteristics were provided; the stages of application of European sustainability reporting standards in the countries of the European Union were investigated; the advantages and disadvantages of reporting on sustainable development based on European sustainability reporting standards were analysed; a matrix of the ratio of European sustainability reporting standards to other regulations in the field of reporting on sustainable development has been developed; approaches for further implementation of ESRS in the national practice of reporting in Ukraine have been proposed.

Author Biography

Kostiantyn BEZVERKHYI, State University of Trade and Economics

PhD (Economics), Associate Professor, Associate Professor at the Department of Financial Analysis and Audit

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