Sustainability reporting standards as a tool for strengthening corporate responsibility [Articol]

Abstract

Purpose of the article: The article investigates the role of sustainability reporting standards as a tool for strengthening corporate responsibility. It aims to highlight how these standards enhance transparency, accountability, and the communication of economic, social, and environmental impacts of organizations. The study focuses on the most recognized international standards, such as GRI, and examines their relevance in improving stakeholder’s confidence and overall organizational efficiency. Methodology: The research is based on a documentary analysis of existing sustainability reporting standards, comparative evaluation of their applicability, and review of recent literature and studies on sustainability reporting practices. The methodology includes identifying key criteria, evaluating differences and complementarities among standards, and assessing trends in adoption across various regions. Conclusions: Adopting internationally recognized sustainability reporting standards enables organizations to present their environmental and social impact transparently and coherently. This improves comparability and accessibility of data for stakeholders, supports strategic decision-making, and enhances organizational performance. While challenges exist, such as data collection and adapting to evolving regulations, sustainability reporting remains a fundamental tool to promote responsible corporate behavior. Originality: The article offers a comprehensive view of the opportunities, challenges, and strategic benefits of sustainability reporting standards, emphasizing their evolving role from voluntary initiatives to standardized practices. It contributes to the literature by systematically analyzing the differences and complementarities among standards and their practical implications for corporate responsibility.