Who Benefits from Sustainability Reporting? Insights for Non-Listed SMEs

Atanas Atanasov ()
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Atanas Atanasov: University of Economics - Varna, Varna, Bulgaria

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2024, issue 1, 90-100

Abstract: This paper explores the impact of sustainability reporting on small and medium enterprises (SMEs) that are not publicly listed. It examines how voluntary sustainability disclosures can enhance these companies' transparency, stakeholder trust, and competitiveness. The paper highlights the potential benefits for SMEs, including improved access to financing, stronger customer relationships, and alignment with global sustainability goals. It also discusses challenges such as compliance costs and resource constraints, providing recommendations for maximizing the positive outcomes of sustainability reporting for SMEs.

Keywords: sustainability reporting; mandatory reporting; voluntary reporting; non-listed SMEs; VSME ESRS; EU regulations; CSRD (search for similar items in EconPapers)
JEL-codes: M41 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:suvrna:y:2024:i:1:p:90-100

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