As the global business context changes over time, corporate governance practices evolve. In particular, the progress and implementation of sustainable development goals related to the EU, national and sectoral achievements can be monitored through organizational sustainability reporting. The purpose of this paper is to determine the level of implementation of sustainable development goals in Croatia and to link national progress with the improvement of corporate governance practices in the segment of corporate sustainability reporting. The level of transparency in reporting on organizational sustainability, measured by the implementation of the provisions of the revised CSRD (Corporate Sustainability Reporting Directive) and preparations for the challenges brought by the CSDDD (Corporate Sustainability Due Diligence Directive), was investigated using the word cloud method on a sample of 100 largest Croatian companies. The research results show that the evolution of sustainable development, measured by the level of national implementation of sustainable development goals, has influenced the evolution of corporate governance practices in Croatia by including social and environmental goals in creating added value for the organization. By highlighting changes in communication about corporate governance practices, the paper contributes to the understanding of the connection between sustainable development and corporate governance, and consequently to the development of improved and more sustainable corporate governance practices in Croatia.
Article : https://hrcak.srce.hr/file/472635
