Analysis of the Regulatory Framework on Sustainability Reporting

Abstract

A corporation's ability to occupy and maintain a respectable position in the global market has a positive impact not only on its image, but also on its country's standing internationally. At the same time, globalization trends increase competition, which can lead to a number of negative phenomena affecting both the sustainable development of corporations and the development of countries and the global community as a whole. In this regard, provisions relating to corporate sustainability reporting are of particular importance. This article analyzes the stages of development of a sustainable economy and examines regulatory acts in the field of sustainable development and related reporting. It considers the problems and difficulties of introducing or applying reporting by corporations. It also examines the problems of applying sustainable development reporting in the Republic of Moldova and proposes ways to solve these problems. UDC: 005.35:502.131.1; JEL: М49, М19, М29