SUSTAINABILITY AND INNOVATION FOR ECONOMIC PERFORMANCE

Angelica Bratu ()
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Angelica Bratu: ”Constantin Brancoveanu” University of Pitesti, Romania

Contemporary Economy Journal, 2022, vol. 7, issue 4, 167-170

Abstract: The European Union is committed to implementing the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs). Sustainability reporting is the practice of measuring and communicating organisational performance towards achieving the Sustainable Development Goal, and it also covers accountability for this performance to internal and external stakeholders. Sustainability reporting is both a management and accountability tool. It entails reporting on how an organisation takes into account sustainability issues in its operations, its environmental impact and its social and economic impact. The Court identifies four challenges in relation to sustainability reporting within the EU institutions and agencies:o Developing an EU post-2020 strategy covering the SDGs and sustainability o Integrating sustainability and the SDGs into the EU budget and performance framework o Developing sustainability reporting within the EU institutions and agencies o Increasing the credibility of sustainability reporting through auditing.

Keywords: sustainable; performance; durable; sustainability reporting; sustainability strategy (search for similar items in EconPapers)
JEL-codes: O22 P5 Q01 Q28 Q56 R5 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:7:y:2022:i:4:p:167-170

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