Assessing the Readiness of Accounting Firms and SMEs in Finland for the Implementation of the European Sustainability Reporting Standard
Akisanya, Ruth (2024)
Akisanya, Ruth
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024120833724
https://urn.fi/URN:NBN:fi:amk-2024120833724
Tiivistelmä
With sustainability reporting becoming mandatory under the Corporate Sustainability Reporting Directive (CSRD), this study examines the challenges, opportunities, and awareness levels of SMEs and accounting professionals regarding the adoption of ESRS in Finland. The study employed a mixed-methods approach, utilizing surveys and interviews to gather insights from professionals within Finnish accounting firms and SMEs. The findings highlight a general awareness of sustainability reporting standards among participants, with varying levels of familiarity with the ESRS and other sustainability reporting frameworks. Findings show significant gaps in knowledge, particularly regarding the practical implementation of ESRS and its alignment with existing reporting practices. Challenges identified include limited resources, the complexity of compliance, and the lack of clear guidance on reporting requirements for SMEs. Despite these challenges, opportunities were noted, particularly in the potential role of accounting firms in assisting SMEs with the transition to sustainability reporting.