Exploring the Content of Sustainability Reports: What Social Information are Croatian Companies Disclosing

Abstract

After the Nonfinancial reporting Directive (2014/95/EU) has come into force, the nonfinancial reporting (i.e. sustainability reporting) has gain more attention since it became mandatory for certain companies. Benefits of preparing sustainability report are numerous, mostly related to providing information about environmental and social impacts of companies to larger group o stakeholders. Considering the importance of disclosing social information, the main aim of this paper was to explore the sustainability reports of Croatian companies prepared using GRI Standard and to identify which social disclosures are included into sustainability reports, but also which ones are not. In order to do that, content analysis of 19 reporting companies has been conducted and so collected data have been analysed. Analysis has shown that majority of disclosed social information are related to employees issues, while at the same time disclosure of social issues related to customers and local communities are less represented in sustainability reports.