Taxonomy for Transparency in Non-Financial Statements – Clear Duty With Unclear Sanction

نویسندگان

چکیده

Abstract The updated Directive 2013/34/EU brought a legal duty for large undertakings in the EU to include their management report non-financial statement. Considering UN Agenda 2030, European Green Deal and Action Plan on Financing Sustainable Growth, there was enacted Regulation (EU) 2020/852 aka Taxonomy which adds this reporting information about environmental sustainability of economic activities. What does it mean? Who, when what must disclose are sanctions that? businesses stakeholders need answers these four questions order satisfy as well boost effectiveness, efficiency legitimacy. A holistic deep content, comparative contextual analysis with teleological interpretation is performed rather surprising along more general observations law policies proposed. defined subjects imposed, but sanction mechanism missing.

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ژورنال

عنوان ژورنال: Danube

سال: 2022

ISSN: ['1804-6746', '1804-8285']

DOI: https://doi.org/10.2478/danb-2022-0011