New Aspects of Sustainability: Analysis of the European Practice of Non-Financial Reports

Authors

  • Anita Boros GREENOLOGY Green Innovation Sustainability Knowledge Center, Hungarian University of Agricultural and Life Sciences
  • Csaba Lentner University of Public Service
  • Vitéz Nagy Corvinus University of Budapest, University of Public Service

DOI:

https://doi.org/10.35551/PFQ_2022_2_2

Keywords:

non-financial report, sustainability reports, NFRD, ESG, ESG approach, F64, F65, G11, G15, G2, G3, K20, K32, O16

Abstract

Companies must report compliance with environmental (E), social (S) and governmental (G) criteria in accordance with the disclosure rules (framework) for non-financial information. In our study, we examine the characteristics of ESG reports, whether they reflect the sustainability performance of individual market players, as well as what the most relevant problems are regarding this issue, not underestimating the fact that the most serious problem of corporate sustainability in 2022 was energy supply difficulties and price problems. In the course of our research, we have come to the conclusion that there are a number of parallel mandatory and optional disclosure requirements that require the publication of different data, so they are only partially suitable for comparing the sustainability activities of companies. Some of the corporate reports deal with ESG issues only in principle and only a small proportion reports on actions and results. We have also made suggestions that support the comparability of companies based on ESG indicators.

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Published

2022-06-28

How to Cite

Boros, A., Lentner, C., & Nagy, V. (2022). New Aspects of Sustainability: Analysis of the European Practice of Non-Financial Reports. Public Finance Quarterly, 67(2). https://doi.org/10.35551/PFQ_2022_2_2

Issue

Vol. 67 No. 2 (2022)

Section

Focus - The Challenges of Sustainability

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