REGULATIVA I PRAKSA IZVJEŠTAVANJA O ODRŽIVOSTI U CRNOJ GORI: STRUKTURNE PREPREKE I IZAZOVI

Sustainable development and business practices have long been recognized at both the global and national levels as fundamental pillars and key indicators of economic prosperity, social inclusion, and environmental protection. As a country that has carried the title of an ecological state for over three decades and aspires to join the European community, Montenegro has placed sustainability among its strategic priorities. However, despite significant progress in formal alignment, the process of substantive transformation remains an open issue. In the spirit of fostering inclusivity in sustainable business practices within corporate business culture, this transition has also impacted the Accounting Information System (AIS). Given that discussions on AIS reform have only recently begun, substantial efforts are required, particularly in the context of alignment with Directive 2022/2464/EU. This paper, through a survey distributed to business entities obligated to report under the aforementioned Directive, examines the impact and potential benefits of its implementation in the Montenegrin context. Specifically, the objective is to identify the key challenges companies will face, including institutional constraints, limited corporate capacities, lack of professional expertise, and a general lack of awareness regarding the significance and informational power of sustainability reporting. Ultimately, this paper aims to provide a critical analysis of the legal framework and offer recommendations for its enhancement, with the goal of creating a favorable business environment that supports sustainable growth and development in Montenegro.