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

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.