CONSOLIDATED SUSTAINABILITY REPORTING: REGULATORY AND LEGAL
FRAMEWORK IN THE CONTEXT OF EU INTEGRATION

Yuliya MANACHYNSKA

Chernivtsi Institute of Trade and Economic of SUTE, Chernivtsi

https://orcid.org/0000-0001-9155-3417

DOI: http://doi.org/10.34025/2310-8185-2025-3.99.03

Keywords: reporting, consolidated reporting, sustainable development, European integration, corporate enterprise, management.

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Summary

The relevance of the research is determined by the need to establish an effective reporting system in the field of sustainable development, which serves as an essential prerequisite for business transparency, enhancement of investment attractiveness, and integration of Ukraine into the European economic space. However, the martial law complicates the process of implementing new requirements, including EU Directives and ESRS, and necessitates an adaptation period for enterprises.

Therefore, the purpose of this article is to analyze the regulatory and legal framework of Ukraine and the EU regarding sustainability reporting, to assess the progress in implementing the Strategy for its introduction, to identify the categories of enterprises obliged to submit such reports, and to outline the main directions for further implementation of the directives into national practice. The methodology is based on the application of the grouping method and the tabular method to present the key terminology related to the research topic, as well as to characterize the requirements of the Methodological Recommendations for the Preparation of the Management Report in parallel comparison with ESG criteria. The visual interpretation method is applied to disclose the categories of enterprises required to prepare sustainability reports and to illustrate the stages of their gradual implementation into practice in accordance with recent legislative developments. The comparison method is used to analyze the requirements of EU Directives and the peculiarities of implementing ESRS in the practice of Ukrainian enterprises.

The results of the study consist in systematizing terminology and identifying categories of enterprises required to prepare consolidated sustainability reports. The compliance of the national Methodological Recommendations No. 982 with ESG criteria has been analyzed, and the progress in implementing the Operational Plan of the National Strategy has been evaluated. EU Directives requiring further implementation into the Ukrainian accounting practice have been identified. The practical significance of the results lies in the possibility of applying the developed recommendations by Ukrainian enterprises to enhance transparency, strengthen investment attractiveness, and promote the sustainable development of Ukraine’s economy. Prospects for further research will focus on an in-depth study of the peculiarities of forming consolidated financial statements, as well as assessing the impact of artificial intelligence technologies on accounting and data consolidation processes within the context of digital transformation.

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Biographies of authors:

Yuliya MANACHYNSKA,

Chernivtsi Institute of Trade and Economic of SUTE

Candidate of Economic Sciences, Associate Professor
Associate Professor Department of Finance, Accounting and Taxation

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