The Transition to CSRD and ESRS
Master thesis
Permanent lenke
https://hdl.handle.net/11250/3079856Utgivelsesdato
2023Metadata
Vis full innførselSamlinger
Sammendrag
Abstract
Purpose: This paper examines Norwegian companies’ perceptions of the transition towidespread mandatory sustainability reporting (CSRD) and related frameworks (ESRS)initiated by the EU. Their perceptions are investigated by elucidating the effect it will have oncompanies’ practices, while covering possible areas of resistance.
Method: The paper is based on a cross-sectional interview study with 13 Norwegiancompanies, which are all defined as large undertakings according to Directive 2013/34/EU.The analysis follows an inductive approach and is conducted utilizing a thematic analysis.
Findings: The CSRD and ESRS are considered comprehensive, but necessary to improvesustainability performance of affected companies. Norwegian companies describe a need forresources and competencies within sustainability reporting, more evident in smaller-sizedcompanies. Respondents claimed, inter alia, that streamlining of processes would ensurecompliance and optimal prioritization. The transition was regarded as feasible, given thatresources, competencies, and systems facilitate it.
Research limitations/implications: This study’s findings extend prior research onmandatory sustainability reporting, by examining sustainability reporting practices in light ofthis widespread mandate. In terms of limitations, varying knowledge among intervieweesplaced a heavier burden of interpretation on the interviewers.
Value: This study contributes to the ongoing discussion of widespread mandatorysustainability reporting. In addition, we believe that our findings will provide useful insightsthat can aid in improving the quality of sustainability reports.