<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The global commandments of sustainable development, assumed and translated by the EU into a series of communications and resolutions, have found themselves a new (and more powerful) expression into the “Directive 2014/95/EU (…) as regards disclosure of non-financial and diversity information by certain large undertakings and groups”; in order to increase the transparency of their sustainability-related actions and results, these companies need to report (starting from 2018, by referring to the financial year 2017) information “relating to, as a minimum, environmental, social and employee matters, respect for human rights, anti-corruption and bribery matters”. As regards the Romanian companies, although they have had a relatively delayed start in terms of embracing CSR initiatives and practices (and SCR reporting respectively), the Directive 2014/95/EU could represent a great opportunity for diminishing the gap – if properly internalized and strategically operationalized. The paper aims to perform a strategic diagnosis analysis on the CSR practices and CSR reporting in Romania, on the threshold of the Directive 2014/95/EU enforcement, in order to make an effective prognosis on its consequences and impacts.</p></abstract>

The global commandments of sustainable development, assumed and translated by the EU into a series of communications and resolutions, have found themselves a new (and more powerful) expression into the “Directive 2014/95/EU (…) as regards disclosure of non-financial and diversity information by certain large undertakings and groups”; in order to increase the transparency of their sustainability-related actions and results, these companies need to report (starting from 2018, by referring to the financial year 2017) information “relating to, as a minimum, environmental, social and employee matters, respect for human rights, anti-corruption and bribery matters”. As regards the Romanian companies, although they have had a relatively delayed start in terms of embracing CSR initiatives and practices (and SCR reporting respectively), the Directive 2014/95/EU could represent a great opportunity for diminishing the gap – if properly internalized and strategically operationalized. The paper aims to perform a strategic diagnosis analysis on the CSR practices and CSR reporting in Romania, on the threshold of the Directive 2014/95/EU enforcement, in order to make an effective prognosis on its consequences and impacts.

The Directive 2014/95/EU – Is there a “New” Beginning for CSR in Romania?

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The global commandments of sustainable development, assumed and translated by the EU into a series of communications and resolutions, have found themselves a...

The Directive 2014/95/EU – Is there a “New” Beginning for CSR in Romania?

Online veröffentlicht: 15. Juni 2017

Seitenbereich: 141 - 147

DOI: https://doi.org/10.1515/sbe-2017-0011

Schlüsselwörter
CSR practices, CSR reporting, Directive 2014/95/EU, Romania

© 2017 Ogrean Claudia, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Directive 2014/95/EU – Is there a “New” Beginning for CSR in Romania?

Online veröffentlicht: 15. Juni 2017

Seitenbereich: 141 - 147

DOI: https://doi.org/10.1515/sbe-2017-0011

SchlüsselwörterCSR practices, CSR reporting, Directive 2014/95/EU, Romania

© 2017 Ogrean Claudia, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
CSR practices, CSR reporting, Directive 2014/95/EU, Romania