The new ESG regulations encompass various measures and policies aimed at enhancing business sustainability and will have a significant impact on the operations of companies both in the EU and in Serbia, according to the workshop titled ‘The Impact of EU Regulations on ESG Principles on Serbian Companies.’
European regulatory bodies are rapidly creating a legal framework for the implementation of ESG principles with the aim of improving standards and corporate sustainability within the EU. This will also impact the operations of Serbian companies. At the workshop, experts from PwC Serbia highlighted the consequences of unfamiliarity with ESG regulations, especially due to the connection of domestic companies with the German Supply Chain Due Diligence Act.
ESG refers to reporting on the impact a company’s operations have on the environment (environmental), the social environment (social), as well as how it manages its organization (governance).
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