This Open Access book explores the evolving landscape of non-financial reporting and ESG (Environmental, Social, and Governance) performance, with a specific focus on small and medium-sized enterprises (SMEs) and micro-enterprises. Drawing on European regulatory frameworks, stakeholder theory, and empirical case studies, the book examines how SMEs navigate sustainability demands in a context traditionally dominated by large corporations and global standards.

The book addresses the historical evolution of CSR, the challenges of ESG integration for investors, and the methodological development of a composite ESG indicator tailored to SMEs. It introduces innovative tools such as the MazziottaPareto Index and participatory accounting frameworks like CARE and SEMA, offering practical insights into ESG measurement and reporting. Through comparative case studies and analysis, it bridges the gap between ESG theory and SME realities, contributing to both academic research and professional practice.

Ideal for scholars in economics, finance, and sustainability, as well as practitioners and policymakers, this book advances the conversation on responsible innovation, regional development, and the future of ESG in the SME sector.

This book is open access, which means that you have free and unlimited access Bridges ESG theory and SME practice through regional case studies and composite performance indicators Explores EU sustainability regulation and its impact on SME reporting, strategy, and governance Demonstrates how SMEs integrate ESG into business models using stakeholder and legitimacy theory

Autorentext

Sandra Kendo is an Associate Professor of Monetary Economics and Banking at the Catholic University of Lille, where she also holds the Chair in Business Ethics, with a focus on compliance, ESG, and non-financial reporting. She teaches macroeconomics, finance, and financial mathematics. She holds a PhD in Economics from the Université de Lorraine and is a research affiliate of CEREFIGE as well as a member of LITL (Laboratoire Interdisciplinaire des Transitions de Lille). Her research interests include financial stability, systemic risk, banking competition, and the integration of ESG criteria within financial institutions. Since January 2023, she has been leading a funded applied research project (2023–2026) aimed at developing a composite index combining financial and non-financial indicators to assess SMEs’ engagement in ESG practices, based on original survey data.

Inhalt

Chapter 1:Introduction.- Chapter 2:Non-Financial Reporting and Global & European Directives.- Chapter 3:Non-Financial Reporting and Challenges for Investors.- Chapter 4:ESG Analysis and Financial/Non-Financial Performance.- Chapter 5: ESG Analysis Approach for the Calculation of a Composite Indicator.- Chapter 6:ESG Impact and Sustainable Business Models.- Chapter 7:Regulatory Framework Traditional Accounting to Extra-Financial Reporting.- Chapter 8:Conclusion.