Importance The article considers the non-financial reporting that represents recording of economic, environmental and social aspects of company performance. The development of non-financial reporting is a topical area in anticipation of the introduction of mandatory non-financial statements presentation by State-owned companies and integrated reporting development. However, there are some challenges in communicating non-financial reports. They result from the impact of the existing external factors (economic and political situation, public opinion) and internal environment of the company (the policy of information disclosure in non-financial statements, level of corporate governance development). Objectives The aim of this work is to reveal the problems of generation and development of non-financial reporting in Russia and to identify possible solutions. Methods To that effect, we considered the results of the studies of corporate reporting in Russia conducted by the Russian Union of Industrialists and Entrepreneurs, the Russian regional network for integrated reporting and Ernst&Young, analyzed the opinions of scientists and practitioners on non-financial reporting for successful operation of a company, and reviewed the data of the National Registry of Non-financial Reports. Results The article provides a classification and description of primary obstacles to quantitative and qualitative improvement of non-financial reporting in Russia, identifies positive and negative trends in the development of these problems, and offers possible solutions. Conclusions and Relevance We conclude that it is necessary to provide a legislative framework to prescribe a binding obligation to present non-financial reporting in conjunction with its methodological framework development so that the reporting would be adapted to the specifics of small and medium-sized enterprises. Their focus on non-financial reporting preparation will result in its faster communication.
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