Abstract

CSR Reporting Standards: Implementation in Polish Enterprises

Highlights

  • Communication of an organization’s performance in its economic, social and environmental dimensions to the parties concerned is the principal function of the CSR (Corporate Social Responsibility) reporting process

  • To increase consistency and comparability of nonfinancial information shown in the territory of the European Union, some of the big units should prepare a statement on non-financial information containing information on environmental, social and labor issues, respect for human rights, counteracting corruption and bribery (Directive No 2014/95/EU)

  • In a base of nonfinancial reports of Standards of Reports Foundation (FSR)/ 167 non-financial reports were collected for 2017 published by companies listed on the Warsaw Stock Exchange which are subject to the obligation resulting from the amendment to the Act on Public Procurement and Directive 2014/95/EU, which is about half of those expected

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Summary

Introduction

Communication of an organization’s performance in its economic, social and environmental dimensions to the parties concerned is the principal function of the CSR (Corporate Social Responsibility) reporting process. To increase consistency and comparability of nonfinancial information shown in the territory of the European Union, some of the big units should prepare a statement on non-financial information containing information on environmental, social and labor issues, respect for human rights, counteracting corruption and bribery (Directive No 2014/95/EU). This regulation concerns approximately 6,000 large entities functioning within the EU area, including more than 300 Polish entities based on the estimations of the Minister of Finances. The article will be divided into the following sections: introduction, review of the literature, legal aspects of non-financial reporting in Poland, standardization options, the practice of choosing standardization in Poland and conclusions

Review of the literature
Conclusion

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