Reporting in circles? How public firms navigate ESRS E5 on the circular economy

Karen Maas (), Diane Zandee () and Marleen Janssen Groesbeek ()
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Karen Maas: Open Universiteit, Heerlen, Netherlands
Diane Zandee: Nyenrode Business University, Breukelen, Netherlands
Marleen Janssen Groesbeek: Avans Hogeschool, Breda, Netherlands

Maandblad Voor Accountancy en Bedrijfseconomie Articles, 2025, vol. 99, issue 5, 281-294

Abstract: In 2024, the first annual reports prepared under the CSRD guidelines were published. This study examines how 75 companies listed on the Amsterdam stock exchange report on their performance regarding the circular economy, as framed in ESRS E5, with the aim of understanding the extent to which the principles of the circular economy are embedded in the organization. The results reveal a mixed picture: while a select group of companies demonstrates promising practices by aligning double materiality (identifying Environmental Social or Governance (ESG) topics relevant to the organization), strategy, objectives, targets, actions, and even executive remuneration, the majority limit their reporting to more linear-oriented measures such as waste reduction, use of recycled materials, or product reuse. What is largely missing from the reports, is a long-term vision and a roadmap.

Keywords: CSRD; ESRS; EU; Taxonomy; reporting; circular; economy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jmabec:v:99:y:2025:i:5:p:281-294

DOI: 10.5117/mab.99.172266

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