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Greek Political Economy in the Post-crisis Period 2010–2019 Read chapter Read first chapter

2022 | OriginalPaper | Chapter

The Jungle of Sustainability Frameworks and Standards: Evidence from European Listed Companies

Authors : Grazia Dicuonzo, Francesca Donofrio, Simona Ranaldo

Published in: Business Development and Economic Governance in Southeastern Europe

Publisher: Springer International Publishing

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Abstract

In the last decade, corporate reporting has undergone a radical transformation, adding sustainability reporting to traditional financial reporting. The Barnier Directive (2014/95/EU) introduced into European law the obligation for large public-interest entities to prepare and publish a non-financial statement. This document must contain information relating to the environment, the social sphere, employee matters, respect for human rights, and the fight against active and passive corruption, aimed at ensuring an understanding of the company’s activities, performance, results, and impact. Indeed, to date, managers consider it necessary to adopt a holistic approach, considering both financial and non-financial aspects, to ensure the protection of the creation of corporate value. On April 2021, the European Commission adopted a proposal of Corporate Sustainability Reporting Directive (CSRD) aiming at improving sustainability reporting in order to contribute to the transition towards a fully sustainable and inclusive economic and financial system. In this context, the topic of sustainability reporting has become relevant for companies. This paper reviews the main frameworks and standards developed by international standards available to companies, investigating the level of adoption by a sample of European listed companies.

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Metadata
Title
The Jungle of Sustainability Frameworks and Standards: Evidence from European Listed Companies
Authors
Grazia Dicuonzo
Francesca Donofrio
Simona Ranaldo
Copyright Year
2022
Book
Business Development and Economic Governance in Southeastern Europe

Print ISBN: 978-3-031-05350-4

Electronic ISBN: 978-3-031-05351-1

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-3-031-05351-1_3

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