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The building blocks for meaningful sustainability reporting at EU level are largely not yet in place, says the ECA. The EC has not yet built sustainability into reporting on performance, also due to absence of a long-term strategy on sustainable development up to 2030. Two EU institutions and agencies currently publish a sustainability report, while reporting by others is piecemeal.
Through sustainability reporting – also known as corporate social responsibility or non-financial reporting – an organisation publishes information about its economic, environmental and social impact. A sustainability report also presents its values and governance model, as well as demonstrating the link between its strategy and its commitment to a sustainable global economy.
The EU is committed to sustainability and implementing the SDGs. EU law requires certain large companies to report on sustainability, and they increasingly include the SDGs in their reports. The ECA examined whether the EC leads by example in reporting on sustainable development and assessed whether pre-requisites such as a strategy with targets to report on are in place. They also checked whether other EU institutions publish sustainability reports.