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The introduction of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) represents a major transformation in sustainability reporting in the European Union. A key innovation of the ESRS framework is the concept of double materiality, which requires companies to disclose both the financial implications of sustainability issues and their impacts on society and the environment. This study investigates how European companies operationalize double materiali...

The introduction of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) has fundamentally transformed sustainability reporting in the European Union. Corporate sustainability disclosures are shifting from largely voluntary practices toward a standardized and assurance-oriented reporting framework aimed at improving transparency, comparability and decision usefulness of ESG information. Despite these regulatory developments, the evaluation of sustainabi...

a) The Omnibus project was launched by the European Commission on 26 February 2025 as a response to the Report of the former President of the European Central Bank, Mario Draghi, calling for a new plan for Europe-s sustainable prosperity and competitiveness. The Project aims at simplifying the provisions of the Corporate Sustainability Reporting Directive, the Corporate Sustainability Due Diligence Directive and the EU Taxonomy, being the legislation tool and driver to meet the sustainable development and sustaina...

The purpose of this paper is to explore how some of the leading global professional accounting bodies - the Association of Chartered Certified Accountants, the Institute of Chartered Accountants in England and Wales, the American Institute of Certified Public Accountants, the Chartered Institute of Management Accountants, and Certified Practicing Accountant Australia, respond to the recent changes in the corporate reporting in the new realm of sustainability and the growing business demand for ESG competences of a...

The United Nations- Sustainable Development Goals have recently challenged organizations to start consistent transformation in order to foster sustainability in future economy and society. One of the key enablers of this tr-nsformation was the European Union-s Corporate Sustainability Reporting Directive, which amended non-financial reporting with sustainability reporting. As a result, the first global sustainability standards have been developed, which gave the accountancy profession a key role in helping organiz...

Sustainability reporting landscape is evolving rapidly due to the expanding legislation worldwide. The new Corporate Sustainability Reporting Directive is challenging European companies to restructure their business models and processes and to enhance their corporate reporting. Considering the increasing number of reporting requirements, this paper aims at providing critical analysis of the current employers- demand on sustainability competences needed for setting up the relevant reporting processes. The empirical...