The Government approved the Strategy for the implementation of sustainability reporting by enterprises
18 October 2024 17:10
on 18 October, the Cabinet of Ministers adopted a decree “On Approval of the Strategy for the Implementation of Sustainable Development Reporting by Enterprises”. This was reported by the Ministry of Finance, "Komersant Ukrainian" reports.
The strategy defines the purpose, goals and main tasks to ensure the formation and disclosure of information on sustainable development by Ukrainian enterprises on the basis of common methodological principles adopted in the EU member states.
The ministry says this is an important condition in the context of Ukraine’s acquisition of EU candidate status.
The implementation of the Strategy will help to:
- ensuring that Ukraine’s legislation on sustainable development reporting complies with the requirements of EU legislation in this area;
- introducing the preparation, submission and disclosure of reports by companies in accordance with the European Sustainability Reporting Standards (ESRS);
- ensuring that users of sustainability reports receive reliable and objective information necessary for assessing the environmental and social aspects of companies’ activities and their impact on the environment;
- creation of equal conditions for Ukrainian enterprises to operate on international capital markets with those of the European Union;
- increase the volume of investments in companies that submit and publish sustainability reports.
“The approval of the Strategy for the implementation of sustainability reporting by enterprises is a key step in the transition to a more responsible and transparent business in Ukraine,” the Ministry of Finance of Ukraine summarises.
