PRINCIPLES OF PREPARATION OF SUSTAINABLE DEVELOPMENT REPORTING

Abstract

The purpose of the article is to determine the principles of sustainable development reporting, which provide in its preparation quality informative content and informational value for effective management decisions by internal and external stakeholders. The structure and content of modular GRI Standards are analyzed. The internal and external advantages of sustainable development reporting are indicated. The definition of sustainable development reporting is given. The tasks of preparation of the reporting on sustainable development are specified. The essence of the principles provided by the GRI recommendations is analyzed. Emphasis is placed on the fundamental principle of materiality. The steps for deciding on the materiality of the information are indicated. The indicators that characterize the essential aspects of the enterprise activities are given. The basic information identifies data on legal entities, the reporting of which has been included in the consolidated financial statements; coverage of the methodology for determining the content of reporting and its boundaries; boundaries of significant aspects within the company and in the external environment; notifications of significant changes compared to previous reporting periods. The process of determining the materiality of facts for reflection in sustainable development reporting is indicated. The list of basic principles of sustainable development reporting, which includes the principles of the context of sustainable development, materiality, completeness, strategic direction, systematization, is offered. A list of additional principles, the observance of which will provide comprehensive coverage of the degree to which the company achieves the goals of sustainable development: the principles of neutrality, economy, reasonableness, logic and synergy, is proposed. Qualitative characteristics (comparability, accuracy, timeliness, clarity, reliability, relevance), which should be met by sustainable development reporting, have been determined.