THE INCREASING ROLE OF CORPORATE SUSTAINABILITY REPORTING IN THE EUROPEAN UNION AND ITS POTENTIAL EFFECTS ON HEALTH CARE INSTITUTIONS

Abstract

The relevance of Environmental, Social and Governance (ESG) reporting in the European union (EU) has been increasing in recent years most notably with the EU Directive 2022/2464 (Corporate Sustainability Reporting Directive – CSRD) which goes into effect in 2023, and associated ESG reporting standards, which introduce more types of required ESG data in annual enterprise reports and engage a wider pool of enterprises. A review of available literature has been conducted aiming to assess the latest changes in the scope of ESG reporting in the EU, to highlight the primary categories of information which will be required according to the new standards, to consider to what extent the new regulation will affect EU health care institutions and to outline expected challenges and opportunities the new regulation poses