Sustainable development has been at the center of European politics for a long time, and the European Union has not left out this expected segment of business. Today, companies are increasingly trying to join forces with each other in order to create and adapt new ideas, turning towards sustainable business.

Environmental responsibility is an increasingly common topic not only in the business world, but also in the private world. Scientific projections are that global warming could increase by as much as 5 degrees Celsius over the next 100 years, which would have catastrophic effects for life on Earth. The European Union is particularly interested in activities related to sustainable development because it wants to become a global leader in green technologies and sustainable development. In accordance with this obligation, the member states of the European Union have agreed to direct their activities towards the European Union becoming the first climate-neutral economy and society by 2050.

One of the rules of the European Union is reporting by companies on sustainable development. In the Republic of Croatia, the obligation to publish a non-financial report was introduced by the Act on Amendments to the Accounting Act (December 2016), which transferred the provisions of the Directive on non-financial reporting (Directive 2014/95/EU) into our legal system.

At Grant Thornton, we advocate the idea of urgent global action on climate change. Every decision we make as a society affects society, people and the environment. Below you can find a presentation that will introduce you to the topic of sustainability, and for more information, you can contact our expert, Ivica Smiljan, president of OSFI and partner of the Grant Thornton audit.