The The European Corporate Sustainability Reporting Directive and Its Implications for Companies Outside the European Union

Abstract

The European Corporate Sustainability Reporting Directive is a major step forward. The paper analyses how it will affect companies operating outside the European Union, especially those in Serbia. The focus is on the challenges that companies face when complying with new regulations, as well as potential business opportunities that are opening up. The directive introduces new, more stringent reporting requirements for non-financial aspects of business. This paper explores how this will affect companies based outside the EU. It analyses how the new regulations will affect management processes, reporting and investor relations. It discusses the challenges associated with complying with different reporting standards, as well as the potential impact on global trends. The directive introduces significant changes in the way companies approach sustainability. The paper explores how it will affect the operations of companies operating outside the EU, the impact of the new regulations on operating costs, company reputation, access to capital, opportunities to create a competitive advantage through proactive compliance with the directive.