Non-financial reporting and stakeholders parties to corporations
Abstract
Importance: the problems of reporting in the field of sustainable development of corporations in terms of disclosure of information about interaction with stakeholders are investigated. Purpose: study of the role of stakeholders in the activities of the corporation, provision and development of communications with stakeholders for sustainable development. Research design: the practical level of implementation of the principles of the concept of stakeholders was studied by foreign and domestic authors in terms of identifying the relationship between management models and the financial results of the corporation’s activities. Ensuring the conditions for sustainable development of the corporation and expanding the requirements for non-financial reporting presuppose the disclosure of the impact of social responsibility on sustainability. Understanding the nature and quality of a corporation’s relationship with its key stakeholders, meeting the legitimate needs of stakeholders is disclosed in the GRI Standards 2021 (GRI SRS). Results: the formation and disclosure of information on interaction with stakeholders in non-financial reporting involves the implementation of a number of corporate responsibility principles, in particular, the presence of communications and dialogue, the need to satisfy the requests of interested parties, voluntariness and manageability of relations, marketing approach to the interaction of the fulfillment of our obligations to the interested parties. Disclosure of information in public non-financial reporting involves the systematization and generalization of information in management reporting formats, the main elements of which (typology of stakeholders, methods of work and results of interaction with stakeholders) are presented in the article.
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References
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