Studying the nature and prospects of corporate reporting in the context of ESG standards and public non-financial reporting
Abstract
Subject. Corporate social responsibility system consists of several elements and public reporting is one them. A system of normative regulation of non-financial reporting is currently being formed by the Government of the Russian Federation. The opportunity for a corporation to use international standards, standards that disclose information on sustainable development, raises the need for data preparation.
Purposes. To identify the nature and prospects of corporate reporting development related to the application of ESG standards for the preparation of corporate sustainability reporting recommended by the Concept for the development of public non-financial reporting and developed by the Ministry of Economic Development of the Russian Federation.
Methodology. The study suggests that corporations are able to prepare various forms of sustainability reporting, taking into account the types of economic activities, strategy, management’s quality, risk management system, trends in stakeholder engagement, and other relevant factors.
Results. We discovered that the implementation of ESG standards in reporting allows companies to structure information and make it more transparent for stakeholders. This leads to a boost of trust from investors, customers, and society as a whole. In addition, the integration of CSR data and management reporting enables a more effective assessment of sustainability risks and opportunities. This can result in both the development of more sustainable business models and higher financial performance in the long term.
Conclusions. Disclosure of information on sustainable development implies the composition of basic and private indicators that adequately reflect the corporation's business processes, established by the corporate policy and formalised by a local act.
Metrics
References
Алигаджиева, Е. М. (2008). Характеристика взаимосвязи социального учета в системе видов учета. Международный бухгалтерский учет, 5(113), 20-24. [Alijadzhieva, E. M. (2008). Characteristics of the relationship of social accounting in the system of accounting types. International accounting, 5(113), 20-24. (In Russian).]
Аманжолова, Б. А. (2015). Перспективы развития теоретико-методологических основ экологического учета. Международный бухгалтерский учет, 9(351), 2-11. [Amanzholova, B. A. (2015). Prospects for the development of theoretical and methodological foundations of environmental accounting. International accounting, 9(351), 2-11. (In Russian).]
Голубева, Н. А. (2009). Постановка эколого-социальной деятельности предприятия в условиях формирования корпоративной социальной отчетности. Экономический анализ: теория и практика, 27(156), 61-66. [Golubeva, N. A. (2009). Statement of environmental and social activities of the enterprise in the context of the formation of corporate social reporting. Economic Analysis: Theory and Practice, 27(156), 61-66. (In Russian).]
Еремеева, О. С. (2016). Бухгалтерский экологический учет в системе теорий бухгалтерского учета. Аудиторские ведомости, (7), 37-42. [Eremeeva, O. S. (2016). Environmental accounting in the system of accounting theories. Audit Journal, (7), 37-42. (In Russian).]
Зенкина, И. В. (2024). Интеграция факторов устойчивого развития в корпоративную финансовую отчетность в контексте современных реалий ESG-повестки. Международный бухгалтерский учет, 27(6), 606-621. [Zenkina, I. V. (2024). Integration of sustainable development factors into corporate financial reporting in the context of modern realities of the ESG agenda. International Accounting, 27(6), 606-621. (In Russian).]
Карагод, В. С. (2007a). Принципы и стандарты корпоративного социального учета и отчетности. Международный бухгалтерский учет, 8(104), 14-21. [Karagod, V. S. (2007a). Principles and standards of corporate social accounting and reporting. International Accounting, 8(104), 14-21. (In Russian).]
Карагод, В. С. (2007b). Принципы и стандарты корпоративного социального учета и отчетности. Международный бухгалтерский учет, 9(105), 16-23. [Karagod, V. S. (2007b). Principles and standards of corporate social accounting and reporting. International Accounting, 9(105), 16-23. (In Russian).]
Ключников, С. В. (2001). Принципы формирования социальной корпоративной отчетности. Международный бухгалтерский учет, 24(174), 8-15. [Klyuchnikov, S. V. (2001). Principles of formation of social corporate reporting. International Accounting, 24(174), 8-15. (In Russian).]
Когденко, В. Г., & Мельник, М. В. (2016). Современные тенденции в бизнес-анализе: исследование экосистемы компании, анализа информационной составляющей бизнес-модели, оценка возможностей роста. Инновационное развитие экономики, (4), 247 – 254. [Kogdenko, V. G., & Melnik, M. V. (2016). Modern trends in business analysis: study of the company's ecosystem, analysis of the information component of the business model, assessment of growth opportunities. Innovative development of the economy, (4), 247 - 254. (In Russian).]
Краснова, М. В. (2012). Бухгалтерское обеспечение подготовки социальной отчетности. Международный бухгалтерский учет, 9(207), 39-44. [Krasnova, M. V. (2012). Accounting support for the preparation of social reporting. International Accounting, 9(207), 39-44. (In Russian).]
Малиновская, Н. А. (2024). Национальная концепция развития интегрированной отчетности в России. Учет. Анализ. Аудит, 11(1), 6-13. [Malinovskaya, N. A. (2024). National concept of integrated reporting development in Russia. Accounting. Analysis. Audit, 11(1), 6-13. (In Russian).] DOI: 10.26794/2408-9303-2024-11-1-6-13
Пятов, М. Л., Соловей Т. Н., Сорокина А. С., & Гусниева А. А. (2018). Нефинансовая отчетность в экономике: опыт XIX – начала XXI в. Вестник Санкт – Петербургского университета. Экономика, 44(3), 465-492. [Pyatov, M. L., Solovey, T. N., Sorokina, A. S., & Gusnieva, A. A. (2018). Non-financial reporting in the economy: experience of the XIX - early XXI centuries. Bulletin of St. Petersburg University. Economics, 44(3), 465-492. (In Russian).]
Рыкова, Н. Н. (2010). Исследование эволюции корпоративной социальной отчетности Российских предприятий. Международный бухгалтерский учет, 9(141), 2-11. [Rykova, N. N. (2010). Study of the evolution of corporate social reporting of Russian enterprises. International accounting, 9(141), 2-11. (In Russian).]
Салахова, Э. К. (2014). Современные проблемы организации социально – экологического учета и составления отчетности. Вестник Астраханского государственного технического университета, (2), 120-128. [Salakhova, E. K. (2014). Modern problems of organization of social and environmental accounting and reporting. Bulletin of Astrakhan State Technical University, (2), 120-128. (In Russian).]
Санникова, Н. Н. (2009). К вопросу о бухгалтерском экологическом учете и отчетности. Международный бухгалтерский учет, 2(122), 2-11. [Sannikova, N. N. (2009). On the issue of environmental accounting and reporting. International Accounting, 2(122), 2-11. (In Russian).]
Сапожникова, Н. Г. (2019). Экономическая категория отчета об устойчивом развитии корпорации. Вестник Воронежского государственного университета. Серия экономика и управление, (4), 159-163. [Sapozhnikova, N. G. (2019). Economic category of the report on sustainable development of the corporation. Proceedings of Voronezh State University. Series: Economics and Management, (4), 159-163. (In Russian).]
Сапожникова, Н. Г., & Ткачева, М. В. (2021). Экологическая категория отчетности об устойчивом развитии корпорации. Международный бухгалтерский учет, 24(10), 1103-1122. [Sapozhnikova, N. G., & Tkacheva, M. V. (2021). Environmental category of reporting on sustainable development of the corporation. International accounting, 24(10), 1103-1122. (In Russian).] DOI: 10.24891/ia.24.10.1103
Сапожникова, Н. Г., & Эльвия, Б. М. (2014). Информация об экологической деятельности в корпоративном учете и отчетности. Международный бухгалтерский учет, 15(309), 22-29. [Sapozhnikova, N. G., & Elvia, B. M. (2014). Information on environmental activities in corporate accounting and reporting. International Accounting, 15(309), 22-29. (In Russian).]
Сапожникова, Н. Г., & Эльвия, Б. М. (2017). О интегрированной корпоративной отчетности. Современная экономика: проблемы и решения, (2), 85-95. [Sapozhnikova, N. G., & Elvia, B. M. (2017). On integrated corporate reporting. Modern economy: problems and solutions, (2), 85-95. (In Russian).] DOI: 10.17308/meps.2017.02/1608
Соловей, Т. Н., & Иванова, Д. С. (2020). Нефинансовая отчетность предприятий СССР: актуальность в условиях современной экономики. Международный бухгалтерский учет, 23(10), 1162-1181. [Solovey, T. N., & Ivanova, D. S. (2020). Non-financial reporting of enterprises of the USSR: relevance in the conditions of the modern economy. International accounting, 23(10), 1162-1181. (In Russian).] DOI: 10.24891/ia.23.10.1162
Ткачева, М. В. (2019). Информационная база анализа экологической устойчивости коммерческой организации. Современная экономика: проблемы и решения, 4(76), 145-158. [Tkacheva, M. V. (2019). Information base for the analysis of environmental sustainability of a commercial organization. Modern Economy: Problems and Solutions, 4(76), 145-158. (In Russian).]
This work is licensed under a Creative Commons Attribution 4.0 International License.
