Screenshot

Corporate sustainability reporting as a mean for engaged private sector

byИнститут за европска политика

Transparency of the companies’ actions and results in dealing with environmental and social issues addresses markets information asymmetries. A regulatory framework that enforces disclosure of such information ensures a level playing field while enabling informed decision-making, both by investors and consumers. The EU law requires large companies and financial institutions to disclose information on the ways they operate and manage social and environmental challenges.

The new CGC and the ESG Reporting Guidelines of the MSE are the first steps to introduce such rules for companies in North Macedonia and an effort to align with the EU and global best practices in regard to environmental social and governance reporting.
This research report presents and compares the reporting requirements in the EU and North Macedonia. The report surveys sustainability disclosure practices among Macedonian companies and presents the three best-performing companies. The analysis shows that the CGC does not reflect in full the disclosure requirements of the EU. The scope of the application has been altered to reflect the size of listed companies at the Macedonian Stock. The Code principles and provisions and the voluntary ESG Reporting guidelines allow companies to circumvent reporting requirements and may even lead to unequal treatment between companies.

Even with a lowered bar in terms of depth and breadth in the reporting requirements, only a few of the observed companies report on most of the minimum recommended disclosures. Companies disclose policies and actions they take, at least declaratively, but to a lesser extent report on the progress, outcomes, and results of those policies and actions. Further efforts in rising awareness and capacity building for companies are needed to motivate companies to practice sustainability reporting. Progressive alignment with the EU rules on this matter would not only be a necessary step for the country in the following years but would also benefit companies, particularly the ones active in European markets.

DOWNLOAD PDF

Продолжи со читање

  • Educational workshops: Knowing Your Rights Is the First Step Towards Exercising Them

    Knowing Your Rights Is the First Step Towards Exercising Them. On 23 and 24 September 2026, LET Station organized two educational workshops focused on citizens’ rights and practical administrative procedures for exercising those rights. The workshops aimed to provide participants with practical knowledge and greater confidence when dealing with institutions. Through concrete examples and practical…

  • Insights from Sweden for Strengthening Democratic Resilience and Information Integrity

    A delegation of journalists, editors, fact-checkers, media experts, and representatives of institutions from North Macedonia took part in a study visit to Stockholm, organized by the Delegation of the European Union and the Macedonian Institute for Media (MIM), within the framework of the project “Building Synergies Against Disinformation, Including on EU Policies and Activities.” During […]

  • Advanced Training on the Implementation of Environmental Justice

    On 21 September 2026, an advanced training on the implementation of environmental justice was held at the Academy for Judges and Public Prosecutors, bringing together judges, public prosecutors and judicial associates. The training covered several aspects of the practical application of European standards in the field of environmental justice. Judge Mirjana Lazarova Trajkovska presented the […]

  • Dissemination of the project “Civil Education for Democratic Resilience

    During the project “Civil Education for Democratic Resilience”, we had the opportunity to learn more about democracy, civil education and the role of young people in society. One of the main topics was the European Union and the opportunities it offers to young people, especially in the fields of education, mobility, volunteering and youth participation. […]

  • Working Meeting with the Minister of Social Policy, Demography and Youth, Mr. Gjoko Velkovski

    The President of the Association of Persons with Cerebral Palsy and Other Disabilities – Veles held a working meeting with Mr. Gjoko Velkovski, Minister of Social Policy, Demography and Youth. The meeting focused on the work of the Association and the current challenges in the provision of social services, with particular emphasis on their availability, […]
    The post Working Meeting with the Minister of Social Policy, Demography and Youth, Mr. Gjoko Velkovski appeared first on Здружение на лица со церебрална парализа и други попречености – Велес.