From Numbers to Narratives: Unraveling the Path to Standardized Non-Financial Reporting in Europe

@inproceedings{10941,
   author = {Knihová, Ladislava and Lenkova, Kristina},
   address = {Praha},
   booktitle = {Conference Proceedings : The 11th International Scientific Conference IFRS: Global Rules and Local Use – Beyond the Numbers},
   edition = {1},
   editor = {Irena Jindřichovská, David John Muir},
   keywords = {non-financial reporting, ESG, European sustainability reporting standards, investors, sustainability reports, Moneta Money Bank},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Praha},
   isbn = {978-80-7638-036-3},
   note = {konference z roku 2020 ve WoS - sborník bude zaslán k evaluaci},
   pages = {109-129},
   publisher = {Metropolitan University Prague, Anglo-American University},
   title = {From Numbers to Narratives: Unraveling the Path to Standardized Non-Financial Reporting in Europe},
   url = {https://www.mup.cz/data/files/IFRS2023-sbornik.pdf},
   year = {2023}
}

TY  - JOUR
ID  - 10941
AU  - Knihová, Ladislava - Lenkova, Kristina
PY  - 2023
TI  - From Numbers to Narratives: Unraveling the Path to Standardized Non-Financial Reporting in Europe
PB  - Metropolitan University Prague, Anglo-American University
CY  - Praha
SN  - 9788076380363
N1  - konference z roku 2020 ve WoS - sborník bude zaslán k evaluaci
KW  - non-financial reporting, ESG, European sustainability reporting standards, investors, sustainability reports, Moneta Money Bank
UR  - https://www.mup.cz/data/files/IFRS2023-sbornik.pdf
N2  - In the rapidly evolving European business reporting, a paradigm shift from traditional financial metrics to comprehensive non-financial reporting is underway. This study aims to assess the readiness of financial institutions in the Czech Republic to implement the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). Going beyond mere numerical data, the contemporary focus is on ESG (Environmental, Social, and Governance) narratives rooted in real-world contexts. Utilizing a mixed-method approach, including desktop research and expert interviews with selected financial institutions, we investigate how these organizations are navigating the complexities of ESG reporting implementation. Our analysis highlights both Moneta Money Bank (MMB) and BNP Paribas Cardif as noteworthy cases in the evolving landscape of ESG reporting within the financial services sector. By closely examining the ESG approaches employed by these financial institutions, the paper reveals how aligning regulatory compliance with proactive ESG reporting can enhance transparency and bolster investor appeal. The paper offers insights into implementation timelines, investor considerations, and the potential transformative impact of standardized non-financial reporting on sustainable entrepreneurship across Europe.
ER  - 

KNIHOVÁ, Ladislava a Kristina LENKOVA. From Numbers to Narratives: Unraveling the Path to Standardized Non-Financial Reporting in Europe. Online. In Irena Jindřichovská, David John Muir. \textit{Conference Proceedings : The 11th International Scientific Conference IFRS: Global Rules and Local Use – Beyond the Numbers}. 1. vyd. Praha: Metropolitan University Prague, Anglo-American University, 2023, s.~109-129. ISBN~978-80-7638-036-3.