Abstract
The evolution of information maintenance of the business practice constructed on the principles of social responsibility and sustainable development of 5 large Russian companies of ferrous metallurgy became the subject of this publication. Due to the growing attention and concern of the civil society to the issues of "green economy" and climate change, occupational safety and production, risk management, energy efficiency, implementation of anti-corruption practices, contribution to the development of the territories of the presence - an a specific plateau of the analysis of public non-financial reporting (hereinafter - PNR) of the companies: PJSC Magnitogorsk Iron and Steel Works (hereinafter - referred to as JSC MMK), PJSC Novolipetsk Steel (hereinafter - PJSC NLMK), PJSC Severstal, JSC Holding The new company "METALLOINVEST" (JSC "HK METALLOINVEST"), United Metallurgical Company JSC (JSC "OMK"). The purpose of the research was to identify the features and patterns of development and implementation of socially responsible business, clarify and systematize the main problem areas in the practice of providing information to stakeholders of Russian metallurgical companies. Results and practical importance: The obtained results allow drawing conclusions about significant aspects of corporate responsibility from the point of view of Russian companies, about the contribution of business to solving socially significant problems, and the trends in the development of social reporting among Russian flagships of ferrous metallurgy. At the same time, the results of the research are interesting in terms of forming modern ideas about responsible corporate practice and business ethics of Russian business.
Highlights
The evolution of information maintenance of the business practice constructed on the principles of social responsibility and sustainable development of 5 large Russian companies of ferrous metallurgy became the subject of this publication
The national business faces the task of ensuring strong positions in the domestic and foreign economy, which creates the basis for sustainable development of the country
The research array of public social reporting shows the differences in understanding and methods of implementing the principles of social responsibility by Russian enterprises
Summary
The national business faces the task of ensuring strong positions in the domestic and foreign economy, which creates the basis for sustainable development of the country. The ethics of business conduct, the structure and effectiveness of social investments associated with the development of personnel, maintaining health in the workplace, creating an enabling environment in the areas of presence. These factors, determining the public face of the company, increasingly affect the formation of its business reputation, which has quite certain economic consequences. The beginning of the active phase of non-financial reporting into 2000-2001 years. The same tendencies of the development of this process were manifested in the country, which were observed and continue to develop in the world: rather high rates of growth in the number of participants, expansion of the use of universal indicators and an integrated approach to assessing non-financial performance of companies
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