Нефинансовая отчетность в РФ: проблемы и пути решения
Sustainable development declared at the World Summit in Rio de Janeiro in 1992, gradually became a landmark of economic policy for numerous leading countries of the world. This initiative belongs not only to the governments but also to the private sector in the form of big companies that wish to demonstrate their sustainability and reliability as partners, including not only financial, but also environmental and social successes.
In order to develop common approach for reflecting environmental and social activities in corporate reports an international standard was developed - the Global Reporting Initiative (GRI).
The main aim of GRI is to attain sustainable economy in the global scale when compabnies ensure reaching of relevant economic, enironmental and social indicators, as well as adequate level of management and transparent reporting system
The main aim of the research is to analyze the existing sustainability accounting and reporting practices, to set up recommendations for improving the sustainability reporting legislation (as a result of author’s participation in the international research project, University of Western Ontario, Canada). Corporate social responsibility has become part and parcel of Russian business. Consequently, the demand to the quality of non-financial accounting and reporting has increased. Detailed analysis of Russian and international experience, assessment of current trends contributes to an improvement of the non-financial accounting and reporting system.
The article includes literature review of research in non-financial reporting problematic. Particular attention is paid to current research trends. The paper contains of the acquired analysis and classification of recent themes in non-financial reporting and accounting research.
Based on this analysis, we conclude that the general attention should be paid to the improvement of legislation in the field of non-financial reporting regarding the information related to the indexes disclosed in the non-financial reports, capital data, including intellectual capital in term of companies’ sustainable development. The compulsory regulation of non-financial reporting and accounting is required for state companies, joint-stock companies, companies with large sales and assets.
According to research, the most advanced form of non-financial reporting is integrated reporting. Conceptual approach to integrated reporting is based on integrated thinking. A systematic approach in the disclosure of non-financial information creates additional opportunities to analyze and improve the various aspects of the economic, environmental and social development for the Russian companies. For this purpose, the development of the detailed legislation background in integrated reporting is required.
Sustainable development, declared at the World Summit in Rio de Janejro in 1992, gradually became a landmark of economic policy for numerous leading countries of the world. Initiative belongs not only to the states but also to private sector in the form of big companies that wish to demonstrate their sustainability and reliability as partners, including not only financial, but environmental and social successes.
In order to develop common approach for reflecting environmental and social activities in corporate reports an international sr=tandard was developed - Global reporting initiative (GRI).
The main aim of GRI is to attain sustaibnable economy in the global scale when companies ensure reaching of relevant economic, environmental and social indicators, as well as adequate level of management system and transparent reporting.
The article also contain characteristics of environmental component of non-financial reporting according to the international standard.
Currently, companies actively support the application of the concept of corporate social responsibility (CSR), but are guided by different values and expectations. The increased number of CSR reports published has given rise to discussions about the motivation of managers behind their publication, as well as the veracity of the information presented in these reports. Understanding the determinants of corporate governance associated with obtaining an independent assessment of reporting can affect the further dissemination of standards for non-financial reporting and the development of services provided by consulting and auditing companies. The paper reveals the dependence of the decision to evaluate the CSR report by third parties and compliance with GRI standards on corporate governance factors.
Over the past few decades, the concept of corporate social responsibility (CSR) has been growing exponentially, and this suggests that this topic and its impact on the financial performance of the company, on its financial condition is becoming more relevant and, as a result, deserves closer attention of researchers. The relevance of the CSR problem is due to the fact that the rules that are required from business as a participant in the processes of production and consumption, oblige organizations to take into account the social and environmental areas of activity. In such circumstances, firms are beginning to find ways to combine social, economic and environmental performance in order to maintain competitiveness. The purpose of this work is to study the impact of corporate social responsibility on the financial performance of companies and identify the relationship between them. The results of the study show that there is a significant positive relationship between CSR and return on equity, as well as return on assets of the company. However, it is proved that the share price can not depend on whether the company follows the principles of CSR or not.
The present article aims to analyze the degree of modern business ethics practices like corporate social responsibility and corporate governance in Russian enterprises.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.