Social focus of the corporation's sustainability report

Abstract

Importance: the priority task of the corporation's economic policy is to ensure sustainable economic growth, one of the factors of which is social capital. The formation and disclosure of information on social capital to stakeholders is the subject of the article. Purpose: development of directions for systematization and disclosure of information on the social activities of the corporation, based on international and Russian reporting standards, research by foreign and domestic authors. Research design: the need to select a standard for the formation of sustainable development reports involves supplementing the corporation's accounting policy in terms of developing accounting documents, registers, and reporting formats. The study of the content of domestic and international and Russian standards for the preparation of sustainability reporting, developments of domestic and foreign authors allow us to conclude that it is necessary to use methods based on the professional judgment of persons responsible for the disclosure of corporate reporting indicators. Results: the variety of factors influencing the economic activity of a corporation emphasizes the feasibility of using corporate accounting and reporting standards that combine the organization of operational, analytical and synthetic accounting, budgeting, the formation of various types of reporting, and other methods of systematization and disclosure of information. The social activity of a corporation involves the disclosure of information about the capital of the corporation, including interaction with stakeholders, based on responsible business management, support for social programs, participation in charitable social projects, housing programs, support for local communities, parenthood and family, and volunteer initiatives.