Sustainability has emerged as one of the major challenges of the 21st century, influencing the operations of governments, businesses, and other economic stakeholders. The significant effects of climate change, environmental degradation, and increasing social inequalities have led companies to alter their practices, placing greater importance on achieving sustainable development goals rather than focusing solely on financial results. The aim of this paper is to analyze sustainability reporting on the example of the Republic of Serbia. Sustainability reporting is one of the most important instruments of modern corporate governance, since it contributes to strengthening investor confidence, improving corporate transparency, and also providing support to global initiatives aimed at achieving sustainable development goals. The paper employs a mixed-methodological framework that incorporates an analysis of relevant academic literature, consideration of the regulatory frameworks of the European Union and the Republic of Serbia, as well as a review of sustainability reports published by selected companies operating in Serbia. The research results indicate that Serbia is still in the initial phase of development of sustainability reporting, but also that there is significant potential for improving practice in this area, especially through harmonization with European regulations and further development of institutional capacities.
Vesna Martin (Wed,) studied this question.
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