Faculty of Economics

Permanent URI for this communityhttps://repository.ukim.mk/handle/20.500.12188/9

Browse

Settings

Author: search.filters.author.Benković, SladjanaHas files: Yes

Search Results

Now showing 1 - 2 of 2
  • Loading...
    Thumbnail Image
    Some of the metrics are blocked by your 
    consent settings
    Item type:Publication,
    ESG Adoption in the Banking Sector of the Western Balkan Countries
    (2023-12-15)
    Barjaktarović Rakočević, Sladjana
    ;
    Benković, Sladjana
    Environmental, Social and Governance criteria (ESG) have been raising attention from all the stakeholders – governments, supervisors, businesses, financial institutions, investors etc. ESG has become mainstream in business strategy. Today, ECG criteria are an important and even obligatory part of the corporate strategy and sustainable development of a business. Those criteria are being used to evaluate business practice and performance. Studies have shown that applying ESG criteria properly could create higher value for the business. Western Balkan countries need sustainable financing and investments. In that regard, the banking sector in this region starts introducing ESG criteria in their metrics when approving financing for the companies. Sustainable financing is dedicated now to those companies that apply ESG framework in their business strategies. This paper aims to describe the current level of ESG adoption in the banking sector of the Western Balkan countries using SWOT analysis. Analysis has shown that the banking sector in Western Balkan countries has a good starting point to use strengths and opportunities for stronger development of ESG criteria for themselves and to support business in ESG reporting. In that regard, this paper contributes to the Western Balkans banks to remind them to further use and enhance their strengths and opportunities, but, on the other hand, to pay special attention and to focus more on those ESG criteria that are currently weak and represent threats for the ESG implementation in the Western Balkan’s banking sector.
  • Loading...
    Thumbnail Image
    Some of the metrics are blocked by your 
    consent settings
    Item type:Publication,
    Non-Financial Reporting in a Function of Growing Social and Environmental Responsibility - A Challenge for Accounting and Auditing
    (Faculty of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, 2023-12-15)
    Dmitrović, Veljko
    ;
    Latinović, Milica
    ;
    Benković, Sladjana
    Corporate sustainability and successful long-term business are contributed by the orientation towards achieving economic and financial performance, taking into account social and environmental aspects. On the part of society, there has been a tightening of environmental requirements. The management of a modern company, through achieved economic and environmental performances, indicates that these two interests do not have to be in conflict. Rational use and adequate management of resources reduces operating costs and future liabilities, increases the company's image through increased social responsibility towards the environment. In the process of business decision-making, the importance of environmental accounting and environmental auditing is pointed out, which is based on the measurement of environmental costs and benefits. Environmental accounting represents a very important source of information in the process of managing environmental protection. Modern non-financial reporting has the informational power to incorporate information provided by environmental accounting, and provides added value with financial information, in order to make adequate business decisions in the function of reconciling two goals - making a profit and protecting the environment. The aim of the paper is reflected in the theoretical presentation of non-financial reporting with an emphasis on social and environmental responsibility, and on the review of non-financial information contained in the annual reports of certain companies in the Republic of Serbia whose shares are listed on the Belgrade Stock Exchange. The practical part of the paper refers to the presentation of the methodology and the quality of the non-financial information provided in the reviewed annual reports.