May 13, 2025 – a meeting as a part of the work of the scientific group of the Department of Accounting and Taxation “Accounting, Analysis, Audit and Taxation: International Context” (scientific leader – Ph.D, Associate Professor Zhanna Oleksich) was held.
We continue a series of round tables as the part of the course “Transparency, accountability and stability of business on the way to EU integration”.
Today’s round table was dedicated to the following topic: “Core standards for independent sustainability assurance.”
There are recognized sustainability standards that apply around the world. However, there is no single global standard because the business world is so diverse. What works for a large tech company in the US may not work for a small business in India. In addition, different countries have different priorities and cultural characteristics.
Global SDG standards have their pros and cons. On the one hand, they help create a “common language” for discussing social responsibility and make it easier to compare companies. On the other hand, they can be too general or difficult to implement, especially for small businesses.
Interestingly, many companies are not limited to global standards. They are creating their own SDG programs that reflect their values and the needs of the communities in which they operate.
This was a very interesting topic to discuss. The participants of the circle received a lot of useful additional knowledge.
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Prepared by Ph.D, Associate Professor Zhanna Oleksich.