Good Practices on ESG Reporting in the Context of the European Green Deal

The European Green Deal proposes a series of measures to the EU Member States in order to adopt policies on how to use and produce green energy, support new clean technologies, and reduce noise, air and water pollution. The target referring to reducing emissions by at least 50% by 2030 has already s...

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Bibliographic Details
Published in:Amfiteatru economic 2022-08, Vol.24 (61), p.847-860
Main Authors: Dănilă, Alexandra, Horga, Maria Gabriela, Oprișan, Oana, Stamule, Tănase
Format: Article
Language:English
Subjects:
Air pollution
Alternative energy
Banking industry
Best practice
best practices
Business Economy / Management
Clean technology
Climate change
Collaboration
Economic activity
Economics
Emission standards
Emissions
Emissions control
Energy
Energy and Environmental Studies
environmental factors
Environmental governance
ESG non-financial reporting
Financial reporting
Governance
Green energy
Human rights
Noise
Noise reduction
Public Finances
Public health
social factors
Social responsibility
Taxonomy
Water pollution
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Summary:The European Green Deal proposes a series of measures to the EU Member States in order to adopt policies on how to use and produce green energy, support new clean technologies, and reduce noise, air and water pollution. The target referring to reducing emissions by at least 50% by 2030 has already strongly impacted Europe on social, economic and environmental levels, as well as the business sector. This study begins by highlighting the importance of complying with social, environmental, and governance reporting of large companies and the banking sector alike in the context of adopting the European Green Deal. Furthermore, we continue by showcasing how the new disclosure requirements and recommendations have been adapted and translated into non-financial ESG reporting (environmental, social, and governance impact of economic activity). Finally, we present a series of best practices in this area. As the present study has revealed the need to improve ESG reporting, good-practice recommendations were identified and formulated.
ISSN:1582-9146
2247-9104
2247-9104
DOI:10.24818/EA/2022/61/847