Preparation of a sustainability report in accordance with recent changes to the Law on Accounting

In recent years, the topic of sustainability and environmental social governance (ESG) reporting has gained significant prominence in business circles. The European Union has introduced a number of requirements in relation to ESG reporting for companies, which aim to encourage companies to be more responsible and transparent about their impacts on the environment and society. It is such requirements of the European legislation that have been transposed into the Bulgarian Law on Accounting. These changes are especially relevant as in 2025 some companies should prepare sustainability reports for the first time. This article will briefly discuss the more important aspects of the Bulgarian legislation in this respect.