The thesis examines the impact of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) on sustainability reporting and auditing practice in Slovenia. The research aims to assess how larger Slovenian companies are adapting to the new requirements and what this entails for report preparation and for the work of auditors.
The methodology comprises a review of scholarly literature and legislation and two in-depth interviews: with the person responsible for sustainability reporting at Sava Re and with an audit practitioner in the field of sustainability reporting.
The results of the interviews showed that Slovenian companies have adapted their reporting processes in line with the CSRD/ESRS. In the case of Sava Re, a double materiality analysis was performed, ESRS disclosures were prepared, and taxonomic shares were calculated, with approximately 3% of revenues being taxonomically sustainable. The report was audited with limited assurance, and auditors identified challenges in terms of data and methodology traceability.
The study contributes to a better understanding of the challenges companies face in transitioning to the new standards and offers guidelines for the transition. The focus is on establishing internal processes and data responsibilities, greater digitization, while in the area of auditing, there is a need to develop procedures for limited assurance in the auditing of sustainability reports.
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