Assessment of Non-financial Reports in the Context of Circular Economy: The Case of Czech Large Companies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F23%3A43969421" target="_blank" >RIV/49777513:23510/23:43969421 - isvavai.cz</a>

Result on the web

<a href="https://drive.google.com/file/d/1wlzvkm-tOveKAn-k0uagT6RFIo6IjhIK/view" target="_blank" >https://drive.google.com/file/d/1wlzvkm-tOveKAn-k0uagT6RFIo6IjhIK/view</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15240/tul/009/lef-2023-28" target="_blank" >10.15240/tul/009/lef-2023-28</a>

Result language

angličtina

Original language name

Assessment of Non-financial Reports in the Context of Circular Economy: The Case of Czech Large Companies

Original language description

The attention to environmental protection, sustainability, CSR, circular economy, and other related concepts became increasingly important to economies and theirbusinesses nowadays, especially at the EU level. The upcoming Corporate Sustainability Reporting Directive (CSRD, Directive 2022/2464) which requires many businesses toreport on sustainability, is a good example. In the Czech Republic, many large companies are already publishing their non-financial reports voluntarily orobligatorily. The presented research focuses on the Circular Economy (CE) concept and aims to asses, whether CE-related topics can be found in these types of reports. Thus,50 large companies were selected and the level of their CE-related information in non- financial reports was assessed. Additionally, the overall assessment of the existence ofthese reports was made. Each company was given the evaluation score according to the amount of CE-related information published in its non-financial report or on thewebsite. The results show that reports can bring necessary CE-related information, especially Sustainability reports or Corporate Social Responsibility reports. However,the quality of the non-financial reports depends on the fact whether organizations obligatorily publish them due to Directive 2014/95/EU or expect the obligation due toDirective (EU) 2022/2464. Those organizations that do not have to follow these directives do not publish almost any CE-related information.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Liberec Economic Forum 2023

ISBN

978-80-7494-672-1

ISSN

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e-ISSN

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Number of pages

8

Pages from-to

256-263

Publisher name

Technical University of Liberec

Place of publication

Liberec

Event location

Liberec, Czech Republic

Event date

Sep 5, 2023

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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