ABSTRACT
The Corporate Sustainability Reporting Directive (CSRD) makes sustainability reporting (SR) mandatory for more state-owned enterprises (SOEs) and extends the scope of the reporting. Consequently, a systematic literature review on the state of the art of SR practices of SOEs was conducted, covering the timespan from 2000 to 2022. The findings show that SR has gained relevance in recent years, but there is room for improvement concerning the quality and quantity of SR. Implementing the CSRD will also have profound managerial implications regarding the integration of sustainability matters in SOEs’ business models and strategy, which is challenging due to conflicting stakeholder demands and goal ambiguities. In addition, the governance and administrative structures as well as the processes for compiling sustainability reports need to be improved. The CSRD requirements also offer opportunities for SOEs to improve the communication of their public value creation and for gaining access to the Sustainable Finance Investment package.
