The article discusses how companies in emerging economies need to report non-financial information, especially related to environmental risks. Traditional financial reporting may not give a complete picture of a company's performance. EU regulations now require companies to report on environmental, social, and labor issues. Environmental concerns are particularly important for companies that pose risks to the environment. Voluntary reporting of corporate social responsibility (CSR) has weaknesses, such as lack of comparability between companies and lack of accountability. Mandatory regulation aims to increase transparency and rigor in the information companies disclose.