ЕКОЛОШКА ДИМЕНЗИЈА ИЗВЕШТАВАЊА О ОДРЖИВОСТИ – НОРМАТИВНИ ОКВИР И АНАЛИЗА ПРАКСЕ У СРПСКИМ КОМПАНИЈАМА
ENVIRONMENTAL DIMENSION OF SUSTAINABILITY REPORTING – NORMATIVE FRAMEWORK AND PRACTICE ANALYSIS IN SERBIAN COMPANIES

Author(s): Dejan Jovanović, Milena Jakšić
Subject(s): Business Economy / Management, Energy and Environmental Studies, Accounting - Business Administration, Green Transformation
Published by: Savez računovođa i revizora Republike Srpske
Keywords: sustainability reporting; environmental dimension; normative framework; companies; Serbia;
Summary/Abstract: The aim of this paper is to examine and contribute to the understanding of the environmental dimension of sustainability reporting through the analysis of the relevant regulatory framework and disclosure practices in companies operating in Serbia. The research focuses on key topics such as greenhouse gas emissions, energy, environmental pollution, biodiversity and ecosystem conservation, waste management, and the application of circular economy principles. Particular attention is given to the identification of normative requirements in the field of environmental reporting, both at the international and national levels. The empirical part of the paper is based on a multiple case study involving Serbian companies that published sustainability reports for 2024. The analysis focuses on the content of the reports, compliance with applicable standards, and the identification of challenges in the process of disclosing environmental information. The results indicate that companies monitor greenhouse gas emissions, energy consumption, water pollution, and waste management; however, limited attention is given to biodiversity and ecosystem issues, while circular economy aspects are the least represented in sustainability reports regarding the environmental impact of companies. Furthermore, the analyzed companies prepare their sustainability reports in line with the Global Reporting Initiative standards, but insufficient attention is still devoted to the verification of these reports.

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