POLITIKE IZVJEŠTAVANJA O ODRŽIVOSTI U PREDUZEĆIMA: ANALIZA STANJA U BOSNI I HERCEGOVINI
SUSTAINABILITY REPORTING POLICIES IN COMPANIES: AN ANALYSIS OF THE SITUATION IN BOSNIA AND HERZEGOVINA

Author(s): Bobana Čegar Babić, Tajana Serdar Raković
Subject(s): Business Economy / Management, EU-Approach / EU-Accession / EU-Development, Accounting - Business Administration
Published by: Finrar d.o.o Banja Luka
Keywords: corporate sustainability reporting; CSRD; financial reporting; non-financial reporting; financial performance;
Summary/Abstract: Beside the issues related to financing sustainable development and the costs associated with operating in compliance with environmental standards in the corporate sector, the additional challenge lies in coverage of financial reporting and finding accounting solutions for integrating sustainability issues into financial reports. One of the fundamental changes in the recent period is the enactment of the EU Directive on Corporate Sustainability Reporting (CSRD) (2022/2464). The CSRD modernizes and strengthens the rules regarding social and environmental information which companies have to disclose in their financial reports. Although the change in Directive implementation is currently being reconsidered in the EU, it is indisputable that domestic companies will have to change their approach to sustainability issues in the near future and introduce sustainability reporting into practice. This paper analyzes the policies and state of sustainability reporting in the corporate sector of Bosnia and Herzegovina over a period of three years. Although the implementation of the CSRD is not yet mandatory in Bosnia and Herzegovina, it is expected that sustainability reporting will become an integral part of the financial reporting framework in the country, especially considering the international orientation of a significant number of corporate companies and their collaboration with companies from the EU. The main objective of our research is to examine the extent and form in which sustainability information is included in the financial and non-financial reports of companies in Bosnia and Herzegovina, and whether the scope of this information is related to the financial performance of the analyzed companies.

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