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With this guide, the clubs will be able to prepare their Sustainability Reports to know the impact that their activity causes in the economic, social and environmental fields Researchers from the University of Murcia have collaborated in the preparation of the 'Guide for the preparation of Sustainability Reports in professional football', which guides and helps LaLiga sports clubs and corporations (SADs) at the time to communicate their non-financial information, thus satisfying the increasingly abundant information needs of all stakeholders.

This guide was presented on October 22 by La Liga and the General Council of Economists of Spain with the presence of Javier Tebas, president of La Liga; and Valentín Pich, president of the General Council of Economists of Spain. The work is directed by UMU researchers and members of the EC-CGE Chair, Salvador Marín and Esther Ortiz, as well as by David Baixauli -for LaLiga-; Mercedes Palacios and Marcos Antón are also part of the research team, all of them researchers from the Department of Financial Economics and Accounting at the University of Murcia.

This Guide is especially relevant since, as of 2021, Law 11/2018 on non-financial information and diversity obliges all companies with more than 250 employees to report on environmental, social, gender, human rights and commitment to sustainable development, among other issues. The interest of companies in environmental, social and good governance issues has not stopped growing in recent years.

Regulations such as the European Directive 2014/95 / EU on the disclosure of non-financial information and information on diversity, which entered into force in 2018, and another that is estimated to be on the way, will continue to drive change in this regard.

In Spain, the inclusion in the report of aspects related to Corporate Social Responsibility is quite high.

In fact, 87% of the 100 largest companies by revenue have a report that includes non-financial information. Currently, almost a dozen LaLiga clubs have a ratio of more than 250 employees in their structures and, therefore, as of 2021 they will have to justify in their Sustainability Reports the impact that their activity causes in the economic sphere , social and environmental. Salvador Marín explained that "business information on sustainability, in general, on non-financial information, is something that has come to stay, we are convinced that it is the future of corporate reporting"; For her part, Esther Ortiz, also a researcher at UMU, added her conviction that "all companies will end up providing this information even if they are not obliged, because they must respond to the demands of the markets, and currently it is a differentiating fact that they adds value " With this 'Guide for the preparation of Sustainability Reports' the clubs will be able to identify and report the most important aspects of their organization, inviting them to promote a sustainable lifestyle in their day to day.

Reputational value is key in organizations as it is an indicator of transparency and maturity that transfers trust to society.

For this reason, CSR must be understood by clubs and boards of directors as a differentiating element in their long-term strategy.

Source: Universidad de Murcia