Reporting on sustainable development in the context of corporate social responsibility

Abstract

Strengthening the social responsibility of business entities and increasing the level of busi­ness information transparency requires repor­ting on the dynamics of the economic, ecolo­gical, social and other aspects of its influence on the course of social and economic processes of social development based on the conduct of busi­ness activities. The aim of the article is to high­light the current trends and perspectives of companies reporting on sustainable develop­ment in the context of the implementation of ESG strategies in process of global challenges. To achieve it, systemic and institutional approaches have been used; dialectical, analytical, synthesis and comparative methods; method of genera­lizations, unity of historical and logical appro­aches. It was revealed that in Ukraine, the pro­vision of sustainable development is at the stage of formation and standardization in the imple­mentation context of EU legislation. Features of sustainable development reporting for Ukrai­nian companies included information on the impact of war on their activities and contribution to overcoming social, humanitarian and environ­mental consequences during the period of 2022. It has been established that the organization and maintenance of effective non-financial reporting is an important prerequisite for providing infor­mation about the impact of companies’ activities on the economy, ecology and society in general through informing about the implementation of sustainable development goals. The spread of the practice of reporting on sustainable development in Ukraine requires the improvement of theore­tical, conceptual and methodological approaches to justify the directions of disclosure of the specified information by companies in the context of the European integration of our country.