Sustainability Reporting: Developments and Trends in Romania

For a resilient and sustainable world, economic theories must be accompanied by strategies and practices for the decision-maker to consider. Moreover, practices must use measurement tools so that the decision-maker can always know the degree reached and intervene with appropriate decisions in a timely manner and without significant deviations to maintain the desired development direction. The utility and terminology of these specific measurement tools has been internally debated by specific bodies, building a series of benchmarks for sustainability reporting. Thus, starting from 1960 and up to the present, sustainability reporting has made significant progress, creating more and more elaborate measurement tools. In the context described above, the present study carries out a brief evaluation of the developments made in terms of sustainability reporting, in order to place the implementations that Romania has managed to complete in this regard on this framework. The aim is to make an x-ray of Romanian sustainability reporting and the extent to which our country can keep pace with these developments in order to achieve the proposed sustainable development objectives, using the phrase that “you don’t know how much you have achieved, if you don’t have the tools with which to measure.”