Abstract
The article analyzes contemporary trends in sustainable development reporting in Russian business practice, provides assessment of current situation with disclosure of non-financial information by national companies, including those of mineral resources sector, describes the main features of Russian socially-oriented reports, identifies insufficiencies of the reporting documentation provided. Relevance of the research is determined by active development of socially responsible investment with appreciation of ESG factors, increased attention of the investors to the long-term sustainability of companies, to the quality of financial and non-financial risks management. The focus on sustainable development is the key issue in shaping strategies of the global and Russian agenda. Consequently, requests from various stakeholder groups for information on companies activities in this regard are becoming more frequent. The purpose of the study is to analyze and assess trends in corporate sustainable development reporting in business practice of Russian companies, including mineral resource sector, and to develop recommendations for implementation of integrated document formats in accordance with international practice
Highlights
The current Russian economy can be characterized as extremely turbulent and prone to a systemic crisis
There is enough information to draw a conclusion that top managers of Russian enterprises have already realized the growing importance of non-financial indicators characterizing the impact of business in national economy and society
The Russian Union of Industrialists and Entrepreneurs currently maintains the national register of corporate non-financial reports
Summary
The current Russian economy can be characterized as extremely turbulent and prone to a systemic crisis This economic background stimulates relapse of the most difficult management problem associated with development of reliable business reports addressed to the key stakeholders of the companies. There is enough information to draw a conclusion that top managers of Russian enterprises have already realized the growing importance of non-financial indicators characterizing the impact of business in national economy and society. In this regard, research on trends in corporate non-financial reporting development in Russian practice is relevant. Systematization of data in three areas of companies' functioning is facilitated by reporting on sustainable development
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