THE IMPORTANCE OF SUSTAINABILITY REPORTING IN THE FUNCTION OF IMPROVING CORPORATE SOCIAL RESPONSIBILITY
DOI:10.5937/etp243-2115D
Keywords:
sustainability reporting, non-financial reporting, annual reports, environmental accounting, green financeAbstract
A key challenge for companies today is to develop
accounting systems that meet both national and global social
responsibility requirements. Modern development increasingly
calls for integrated reporting, combining traditional financial
reports with non-financial reporting. With the adoption of the
European Union directive on non-financial reporting, certain
large enterprises and companies of public interest are now
required to prepare and publish reports on the environmental
and social impacts of their activities. The main goal of this
research is to assess the current state and perspectives of non-
financial reporting among domestic companies, aiming to
enhance accounting solutions that improve corporate social
responsibility and the company’s public image. The research
methodology employs descriptive, quantitative, and qualitative
analyses, presenting practical solutions for non-financial
reporting by selected large companies in the Republic of Serbia
for 2021, 2022, and 2023. The findings highlight the necessity of
revising traditional financial reporting to strengthen non-
financial reporting and the potential benefits of implementing an
integrated reporting framework in domestic companies. These
results are particularly valuable for national accounting policymakers seeking to enhance non-financial reporting
practices and for domestic companies aiming to gain deeper
insights and improve their social responsibility.
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