From Compliance to Value: The CSRD and Green Taxonomy Revolution for Sustainable Value Creation in Tunisian Enterprises

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🔬研究者:Provides a framework for studying sustainability reporting and corporate performance in emerging markets, with a mixed-methods approach.

🏢実務担当者:Offers insights on leveraging CSRD and Green Taxonomy compliance for strategic value creation and access to green financing.

🏛政策担当者:Highlights the potential of aligning with EU sustainability standards to enhance financial market development and international credibility.

<title>Abstract</title> <p>The introduction of the Corporate Sustainability Reporting Directive (CSRD) and the implementation of the European Green Taxonomy represent a paradigm shift in how enterprises conceive, measure, and communicate their performance. These frameworks, designed to satisfy criteria of transparency, comparability, and capital reallocation toward sustainable activities, are driving substantial modifications in both non-financial reporting techniques and strategic governance procedures as well as financial decision-making. Consequently, the compliance-oriented approach—which prioritizes legal obligations to minimize risks—and the sustainable value creation approach—which integrates environmental, social, and governance (ESG) criteria as instruments of performance and organizational resilience—exhibit tensions while remaining complementary. Aware of the requirements of European sustainability standards (CSRD, Green Taxonomy), several Tunisian enterprises have initiated the development of ESG reports. By emphasizing the Tunisian context, our study distinguishes itself through its strategic relevance and originality. Although European regulations are not directly applicable to Tunisia, its role as a key trading partner for the EU and the establishment of European group entities render alignment with these standards imperative. Research indicates that adoption of these standards could constitute a significant catalyst for the growth of Tunisia's financial market, a risk management instrument for corporations, an opportunity to access green financing, and an approach to enhance international credibility. We aim to address the following question: How might these reporting actions be transformed into genuine strategic and financial value creation tools for Tunisian enterprises? To achieve this objective, we will implement a mixed-methods approach combining quantitative analysis and qualitative inquiry to determine the causal mechanisms linking sustainability reporting and corporate performance—a research domain that remains largely unexplored.</p>

• Research Square https://doi.org/10.21203/rs.3.rs-10582404/v1first seen 2026-08-06 04:34:02