Subject. The article considers the use of ESG reporting as an information base to assess a business entity. Objectives. The aim is to carry out diagnostics of the degree of transparency of reporting information about the company's social environment. Methods. The study employs analytical and comparative techniques for information processing. Results. The paper lists objects that are reflected in modern non-financial reporting, characterizes the degree of their homogeneity. It also reveals the level of satisfaction of the information request in specific environmental and social areas, gives an integral assessment of transparency of the corporate non-financial reporting. Conclusions. It is crucial to introduce social accounting into the accounting discipline of companies. For this purpose, the study offers a system of socio-environmental responsibility.
Keywords: ESG report, social metrics, social accounting
References:
Zhilina I.Yu. Teoreticheskie osnovy sotsial'noi otvetstvennosti biznesa: istoriya, evolyutsiya. V kn.: Ekonomicheskie i sotsial'nye problemy Rossii [Theoretical foundations of corporate social responsibility: History, evolution. In: Economic and social problems of Russia]. Moscow, Agentstvo nauchnykh izdanii Publ., 2016, pp. 12–31.
Zenkina I.V. [The impact of regulatory risks of ESG integration on the sustainable development of power companies]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2021, vol. 17, iss. 4, pp. 624–648. (In Russ.) URL: Link
Aluchna M., Roszkowska-Menkes M., Kamiński B. From talk to action: The effects of the non-financial reporting directive on ESG performance. Meditari Accountancy Research, 2023, vol. 31, no. 7, pp. 1–25. URL: Link
Efimova O.V. [Factors of sustainable development to be considered in the financial modelling of investment projects]. Vestnik Voronezhskogo gosudarstvennogo universiteta. Seriya: Ekonomika i upravlenie = Proceedings of Voronezh State University. Series: Economics and Management, 2021, no. 2, pp. 99–111. URL: Link (In Russ.)
Abdullin D.M., Demina I.D. [Peculiarities of determining the materiality level when planning and conducting an audit of public non-financial reporting of an organization]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2019, vol. 6, no. 2, pp. 87–94. URL: Link (In Russ.)
Puchkova S.I., Mar'ina E.D. [Current trends in the regulation of companies’ sustainability reporting]. Auditor, 2022, vol. 8, no. 3, pp. 44–50. URL: Link (In Russ.)
Singhania M., Saini N. Quantification of ESG Regulations: A Cross-Country Benchmarking Analysis. Vision: The Journal of Business Perspective, 2021, vol. 26, iss. 2, pp. 163–171. URL: Link
Tsagas G., Villiers C. Why “Less is More” in Non-Financial Reporting Initiatives: Concrete Steps Towards Supporting Sustainability. Accounting, Economics, and Law: A Convivium, 2020, vol. 10, iss. 2. URL: Link
Jackson G., Bartosch J., Avetisyan E. et al. Mandatory Non-financial Disclosure and Its Influence on CSR: An International Comparison. Journal of Business Ethics, 2020, vol. 162, iss. 2, pp. 323–342. URL: Link
Maas K., Sampers P. The expected impacts of regulating non-financial reporting. Maandblad voor Accountancy en Bedrijfseconomie, 2020, vol. 94, iss. 7/8, pp. 265–274. URL: Link
Perkiss S., Dean B., Gibbons B. Crowdsourcing Corporate Transparency through Social Accounting: Conceptualising the "Spotlight Account". Social and Environmental Accountability Journal, 2019, vol. 39, iss. 2, pp. 81–99. URL: Link
Chistyakova O.A., Churikova A.A. [The essence and content of the public non-financial reporting of Russian companies]. Vestnik Sibirskogo universiteta potrebitel'skoi kooperatsii = Bulletin of Siberian University of Consumer Cooperation, 2019, no. 4, pp. 40–44. (In Russ.)
Dwiharto A., Irmaningsih E.S., Nawangsari L.C. et al. The answer social challenges: Social accounting and social accounting measurement. International Journal of Social Service and Research, 2023, vol. 3, iss. 1. URL: Link
Shnaider O.V. [Reporting on the sustainable development of economic entities: Importance and significance in modern business conditions]. Balkan Scientific Review, 2020, vol. 4, no. 1, pp. 83–86. URL: Link (In Russ.)
Chipurenko E.V., Lisitskaya T.V. [The problem of ESG risk assessment completely changes the format of corporate reporting]. Finansy = Finance, 2021, no. 11, pp. 51–56. (In Russ.)
Ulyasheva L.G. [Methodology for integrating information about forest capital into the accounting and reporting system of logging organizations]. Vestnik Komi respublikanskoi akademii gosudarstvennoi sluzhby i upravleniya. Teoriya i praktika upravleniya = Vestnik of the Komi Republiсan Academy of State Service and Administration. Theory and Practice of Administration, 2022, no. 4, pp. 49–54. URL: Link (In Russ.)
Moggi S., Lehman G., Pagani A. The juridification of social accounting and the transposition process of the non-financial reporting directive 2014/95/EU. Meditari Accountancy Research, 2023, vol. 31, iss. 7, pp. 185–211. URL: Link
Nicholls J.A. Integrating financial, social and environmental accounting. Sustainability Accounting, Management and Policy Journal, 2020, vol. 11, iss. 4, pp. 745–769. URL: Link
Vuković R., Vukić N.M., Sesar D. Non-Financial Reporting as Part of Sustainability Accounting with the Examples of Good Practices. Journal of Accounting and Management, 2020, vol. 10, iss. 1, pp. 41–58. URL: Link
Cuomo F., Gaia S., Girardone C., Piserà S. The effects of the EU non-financial reporting directive on corporate social responsibility. The European Journal of Finance, 2022, September. URL: Link
