Who Benefits from Sustainability Reporting? Insights for Non-Listed SMEs
Who Benefits from Sustainability Reporting? Insights for Non-Listed SMEs
Author(s): Atanas AtanasovSubject(s): Economy, Business Economy / Management, Accounting - Business Administration, Business Ethics, Green Transformation
Published by: Съюз на учените - Варна
Keywords: sustainability reporting; mandatory reporting; voluntary reporting; non-listed SMEs; VSME ESRS; EU regulations; SRD
Summary/Abstract: This paper explores the impact of sustainability reporting on small and medium enterprises (SMEs) that are not publicly listed. It examines how voluntary sustainability disclosures can enhance these companies' transparency, stakeholder trust, and competitiveness. The paper highlights the potential benefits for SMEs, including improved access to financing, stronger customer relationships, and alignment with global sustainability goals. It also discusses challenges such as compliance costs and resource constraints, providing recommendations for maximizing the positive outcomes of sustainability reporting for SMEs.
Journal: Известия на Съюза на учените - Варна. Серия Икономически науки
- Issue Year: 13/2024
- Issue No: 1
- Page Range: 90-100
- Page Count: 11
- Language: English
