Corporate Reporting on sustainable development in Ukraine:analysis of the current state of legal regulation and prospects for implementation

This article focuses on studying the current legal regulations and prospects for implementing corporate reporting on sustainable development in Ukraine. It analyzes the implementation of European standards for corporate reporting on sustainable development, identifies the challenges and obstacles that arise when introducing corporate reporting into national business practice and legislation. The implementation of corporate sustainability reporting is closely related to legal practice and theory need to develop legislation that will create a legal basis for this type of reporting in Ukraine. Reporting entities will have reporting obligations, which in turn are associated with the issues of disclosure of information on activities and legal liability. Reporting on the sustainable development of enterprises will have a significant impact inter alia on labour, corporate and financial legislation. It will influence information law and privacy legislation, as the data disclosed in a company’s sustainability report will reflect the impact of its activities on social, environmental and governance aspects. Thus, corporate reporting on sustainable development will have a broad impact, comprising both private and public relations, on their legal regulation, and therefore on both private and public law.