Izveštavanje o održivosti poslovanja - teorijski okvir i praksa izveštavanja u Naftnoj industriji Srbije
Sustainability Reporting - Theoretical Framework And Reporting Practicein The Serbian Oil Industry

Summary/Abstract: The purpose of this paper is to analyze the achieved level of disclosure of information about economic, environmental and social aspects of business in the Serbian oil industry. Since sustainability reporting in the Republic of Serbia is still in its infancy, we focus the first part of the paper on the review of literature with the purpose of pointing to the need and importance of such reporting. Practice has shown that global companies from the oil sector generally opt for the GRI Guidelines and IPIECA Guidance, which is why the second part of the paper briefly points to their essence and to initiatives of other institutions and organizations. Comparative analysis of the sustainability reports of the Serbian oil company NIS a.d. and the world-famous oil company British Petroleum PLC has shown that reporting on environmental and social aspects of business in the Serbian company has been conducted for the last three years. Although progress has been made in the field of reporting, compared with the sustainability report of BP PLC, further improvements are necessary.

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