| dc.description.abstract | From 2024, nearly 50,000 organizations will fall within the scope of the EU's new sustainability reporting frameworks. This change represents a substantial increase from the previous scope, which included 11,600 companies. According to recent reports, many organizations need to improve their knowledge of sustainability reporting, particularly at a more comprehensive and detailed level. This research has explored how ready three companies in the oil and gas sector are for the transition to the European Sustainability Reporting Standards (ESRS) by the EU and what frameworks of sustainability are used amongst these companies to this date. Relevant theories and concepts have been used for the readiness assessment and content analysis to provide clear information on how this research is conducted. How to measure the readiness of companies is highly complex, and it is difficult to state what level of readiness of the participating companies firmly. This research has derived a readiness assessment model and scoring methods from supporting research. The main findings from this research indicate that the participating companies should implement further strategic steps to improve readiness for the transition to the upcoming guidelines by the EU.
This research is relevant for actors of interest or those in the field of sustainability and environmental, social, and governance reporting. | |
