Adapting Swedish Good Practices: A Comparative Study of Sustainability Reporting in Listed Companies and Implications for Bosnia and Herzegovina

Abstract

The aim of this study is to explore how Swedish sustainability reports can serve as a reference point for Bosnia and Herzegovina in building a more coherent and comparable reporting system. This study focuses on sustainability reports from Swedish listed companies aligned with the CSRD as a benchmark for Bosnia and Herzegovina in 2024. By conducting a comparative and content analysis highlight how the structured and detailed form of Swedish reports can inform the development of BiH's practices, which at present lack consistency and formalization. The findings suggest that implementing the CSRD could accelerate BiH's transition toward systematic and internationally comparable reporting. The paper concludes on how Swedish experiences and reporting practices can be adapted to the Bosnian context. The findings indicate that Swedish reports are characterized by a high degree of standardization, sectoral comparability, and integration with European sustainability frameworks, while Bosnian reports show inconsistency and limited stakeholder orientation. The study concludes that gradual adoption of the CSRD, accompanied by institutional support and sector-specific guidelines, could accelerate Bosnia and Herzegovina's transition toward systematic, transparent, and internationally comparable reporting. Swedish experiences thus offer concrete lessons for designing a more coherent sustainability reporting system in Bosnia and Herzegovina.