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IMPLEMENTATION OF THE PROVISIONS OF DIRECTIVE 2014/95/EU ON DISCLOSURES IN THE FIELD OF CORPORATE SOCIAL RESPONSIBILITY IN THE ENTERPRISE-S ACCOUNTING PRACTICE ON THE EXAMPLE OF A SELECTED LISTED ENTITY

Aneta Wszelaki

Abstract

Background: The group of recipients of enterprises? financial statements is gradually growing on the European and national scale, as well as their expectations towards the information quantity and quality. They also expect increasingly detailed information on enterprise?s impact on the environment (CSR), which translates into an increase in non-financial information disclosures. The European Union has engaged in promoting CSR reporting, both for the social good and raising the competitiveness and innovation of European enterprises. This has led to the development of Directive 2014/95/EU and resulted in its implementation into national legislation of the Member States. Moreover, enterprises covered by this Directive are obliged to comply with the relevant national regulations from January 2017. The Directive applies to large public interest entities employing 500 or more employees. These entities are required to disclose information on a number of non-financial issues to enable the assessment of entity?s development, results and condition and impact of actions taken in this respect. The Directive does not set specific standards for the non-financial information disclosures and allows for the use of national, European or international ones. The implementation of the Directive to the Polish law meant that the largest enterprises, including listed entities, have more detailed and enhanced obligations in this respect as part of the management report or a separate report. The purpose of the paper is to analyse and assess the type and scope of corporate social responsibility disclosures of a selected listed entity under Directive 2014/95/EU. Methods: The research team adopted the method of meta-analysis of literature and method of analysis, deduction and synthesis of information in the non-financial report of a selected listed entity. Results: The authors analysed and assessed the corporate social responsibility reporting of a selected listed entity under Directive 2014/95/EU and noticed the increase in the importance of these disclosures. Moreover, the authors point to their discretionary manner. Conclusions: The authors positively assess the changes introduced by Directive 2014/95/EU to non-financial reporting of large public interest entities. In their opinion, it is necessary to introduce even more detailed standards of CSR disclosures in the regulatory framework in force.

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DOI resolver: doi.org/10.5593/sgem2019/5.4/s23.064

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