The value chain of undertakings under the European Sustainability Reporting Standards (ESRS): analysis of listed Iberian SMEs

25/01/2023 18:00

Através de plataforma ZOOM:AQUI

Oradores:



  • Patricia Milanés Montero | UEX – University of Extremadura. Faculty of Economics. Department of Accounting and Finance (Spain);

  • Esteban Pérez Calderón | UEX – University of Extremadura. Faculty of Economics. Department of Accounting and Finance (Spain).


Abstract:

With the proposed Corporate Sustainability Reporting Directive (CSRD), which intends to mandatory from 2023 to be applicable in 2024 annual reports, the adverse impacts connected with the value chain should also be covered by the sustainability report since major impacts of the activities carried out by a reporting entity may occur in the value chain or through products and services (EFRAG. PTF-NFRS Report, February 2021). Indeed, a specific version of the forthcoming European Sustainability Reporting Standards (ESRS) is about to be prepared by the European Financial Reporting Advisory Group (EFRAG) to be applied, three years later than the ESRSs, by European listed Small and Medium-sized Enterprises (SMEs) in the value chain of the reporting entity. The first step for the standard-setter to prepare the draft standards for SMEs is a definition of value chain and SME based on the proportionality principle. Therefore, the objective of this research is to analyse the value chain composition of Portuguese and Spanish SMEs taking into consideration as starting point the Commission Recommendation 2003/361/EC.