Corporate sustainability in Ukraine: Challenges of European integration

Abstract

The article examines the draft EU Directive on corporate sustainability due diligence and its significance for Ukraine as an aspiring EU member. I explore the concept of corporate sustainability and its relationship with the corporate social responsibility, the CSR obligations of Ukraine stemming from its Association Agreement with the EU, and its not-so-successful attempt to introduce the non-financial reporting. The analysis then shifts to the proposed Directive, highlighting its departure from voluntary CSR to normative corporate standards. I delve into the problematic aspects of the proposal, categorizing them into: a) general challenges pertinent to any nation implementing the Directive, and b) challenges specific to Ukraine.