CSR REPORTING IN CROATIA: CURRENT STATE AND PERSPECTIVES

Although non-financial reporting is mostly voluntary, certain categories of business entities are becoming obliged to make such reports. In addition to the lack of legislation, a significant problem in relation to these reports is the inconsistency in the methodology for their making. This paper aims at exploring corporate social responsibility reporting (CSRR) in Croatia, where, compared to other EU countries, CSRR is under-researched. Research studies were conducted on the Croatian companies listed on the Zagreb Stock Exchange. The survey questionnaire was addressed to the Chief Accounting/Financial Officer of sample companies. The results showed that the Croatian listed companies have not recognised the importance of disclosing CSR information. Companies stress the lack of a legal obligation for making these reports as the most significant reason. This situation will change at the beginning of 2017, when non-financial reporting will become mandatory for listed companies and public-interest entities in the Republic of Croatia. This will contribute to increasing the number of such reports. However, the need to set up a single framework for non-financial reporting will remain a problem.