Advertisement

Sustainability Reporting in Estonia: Patterns of Sustainability Information Disclosure in Estonian Companies

  • Kertu LäätsEmail author
  • Maarja Gross
  • Toomas Haldma
Chapter
Part of the MIR Series in International Business book series (MIRSIB)

Abstract

The aim of the current chapter is to examine the patterns of sustainability information disclosure of the companies in the smallest CEE country, namely, Estonia. More precisely, we intend to highlight the possible country-specific features or similarities of disclosure practices of Estonian companies in comparison with the CEE region. Empirical data of the common research project were used in order to determine the nature of sustainability reporting and the content of sustainability information in Estonian companies. After the introduction, the main findings of the empirical analyses are described. Firstly, the annual reports and sustainability reports of Estonian companies are analysed, concentrating on the reporting forms and the focus of the key performance indicators (KPIs). Secondly, the overview of sustainability aspects and its management based on the companies’ survey data are studied. The current study examines the practice of sustainability information disclosure in the context of a small open economy on the example of Estonian companies. The main patterns of sustainability information disclosure are summarised in the concluding subchapter.

Keywords

Corporate Social Responsibility Foreign Direct Investment International Financial Reporting Standard Sustainability Reporting Construction Company 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Daniel, P., & Suranova, Z. (2001). The development of accounting in Slovakia. The European Accounting Review, 10(4), 343–359.CrossRefGoogle Scholar
  2. Estonian Act on Accounting. (2016). Accessed September 16, 2016, from https://www.riigiteataja.ee/en/eli/ee/510032016003/consolide
  3. Estonian Economy Overview. (2016). Ministry of Foreign Affairs. Accessed September 25, 2015, from http://www.vm.ee/en/estonian-economy-overview
  4. Estonian GAAP 2000. (2000). Tallinn: Estonian Accounting Board.Google Scholar
  5. Gurvitsh, N., & Sidorova, I. (2012). Survey of sustainability reporting integrated into annual reports of Estonian companies for the years 2007–2010: Based on companies listed on Tallinn stock exchange as of october 2011. Procedia Economics and Finance, 2, 26–34.CrossRefGoogle Scholar
  6. Masso, J., Roolaht, T., & Varblane, U. (2013). Foreign direct investment and innovation in Estonia. Baltic Journal of Management, 8(2), 231–248.CrossRefGoogle Scholar
  7. Nasdaq Tallinn AS annual report 2015. (2016). Accessed September 25, 2015, from http://www.nasdaqbaltic.com/files/tallinn/yearbook/NasdaqTallinn_2015_Annual%20Report.pdf
  8. Responsible Business Forum in Estonia. Accessed September 25, 2015, from http://www.csr.ee
  9. Varblane, U. (2000). The economic development of Estonia—Ten years after the Baltic states re-entered the international stage. In G. Klöcker (Ed.), ZEI (pp. 89–99). Nomos Verlagsgesellschaft: Baden-Baden.Google Scholar
  10. Varblane U. (2017). Estonian economy—Past, present and future. Central and South-Eastern Europe 2017 (17th ed.). Routledge.Google Scholar
  11. Varblane, U., Eamets, R., Haldma, T., Kaldaru, H., Masso, J., Mets, T., Paas, T., Reiljan, J., Sepp, J., Türk, K., Ukrainski, K., Vadi, M., & Vissak, T. (2008). The Estonian economy current status of competitiveness and future outlooks. Short version of the report. Tallinn: Estonian Development Fund.Google Scholar
  12. Vissak, T. (2013). Impact of the global crisis on the internationalization of Estonian firms: A case study. In M. A. Marinov & S. T. Marinova (Eds.), Emerging economies and firms in the global crisis (pp. 292–313). Houndmills: Palgrave Macmillan.CrossRefGoogle Scholar
  13. Vissak, T. (2014). Nonlinear internationalization in the context of nonlinear economic development: The case of Krenholm group. Transformations in Business & Economics, 13(2A), 431–447.Google Scholar

Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.University of TartuTartuEstonia

Personalised recommendations