Abstract
The relevance of non-financial reporting has been increasing in recent years as companies are increasingly aware of the importance of their responsibility to society, nature, and the economy in general. A non-financial report is an essential tool for dialogue between stakeholders. Companies that are actively engaged in solving social and environmental issues may attract new customers, investors and contribute to sustainable development. Non-financial reporting is one of the main tools that ensure CSR of a business. The need to compile various NFR forms requires time and money. The purpose of the article is to analyze non-financial reporting as a basis for CSR ensuring. General scientific and special methods such as grouping, formalization, induction, analysis, synthesis, and generalization are applied in the paper. The author explains the meaning of corporate social responsibility (CSR) for business, and defines the essence of non-financial reporting as a basis for reporting on CSR on the example of Ukrainian companies. The paper analyzes requirements, structure, regulations, and standards of the management report. The main advantages and disadvantages are highlighted. The author proposes measures to improve reliability and role of non-financial reporting as a basis for ensuring CSR. Non-financial reporting is an essential element of corporate responsibility that allows companies to ensure sustainable development of society and environment, which may positively affect their reputation and become the basis for new business opportunities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.