The ESG concept in the business accounting and informational support system: importance and theoretical basis

Abstract

Considered the possibility of including aspects of ESG – the external environment, social and management components in the accounting and information provision of business. The article examines the origins of the problem – modern challenges facing the globalized economic space and the need to adhere to the concept of sustainable development. The results of a public survey regarding environmental issues and their solution are given, which indicate interest in this problem. On the basis of all the mentioned provisions, as well as a study of the works of scientists, practitioners, public organizations and consulting firms, the importance of reflecting ESG aspects in corporate reporting is substantiated. This will contribute to increasing the level of informativeness of reporting, which is important for investors and other users, and will also generally contribute to achieving the goals of sustainable development.