REGULATORNO OKRUŽENJE IZVEŠTAVANJA O ODRŽIVOSTI U REPUBLICI SRBIJI: MULTIDIMENZIONALNA PERSPEKTIVA

Crossing planetary boundaries and accumulated social problems actualize the need for sustainable development. Reporting on sustainability enables insight into the state and trends, as well as the development of responsibility and accountability, but also encourages changes in the behavior of reporting entities. External sustainability reporting goes beyond the limits of financial reporting by disclosing the company's impact on the environment and people and impact of sustainability issues on the company, while sustainability management accounting helps visibility of costs related to sustainability, assessment of the impact of sustainability factors on financial performance, but also the setting of metrics, targets and providing the insight into contribution to the broader goals of sustainable development. The multidimensional nature of information requirements brings numerous challenges due to a wide range of stakeholders with different information needs, the diversity of sustainability issues, the connection of nonfinancial and financial effects, the spread of reporting beyond the company's borders. Although reporting on sustainability is still predominantly voluntary, regulatory activities have become more intense in recent decades, although the subject of reconsideration in 2025. Serbia, as a UN member state, accepted to prepare national report on progress towards sustainable development goals, where the Statistical Office of the Republic of Serbia takes over the mandate of preparing this report with numerous sources of information. At the company level, reporting on sustainable development goals remains voluntary, but mandatory reporting of non-financial information has been introduced for a certain number of large companies based on the previous EU Directive, without more precise guideliles, while companies that are included in the registers of pollution sources are obliged to report several aspects of pollution in physical indicators to the Serbian Environmental Protection Agency or designated bodies of local governments.