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International Accounting
 

Non-financial reporting as a tool to implement the corporate social responsibility concept

Vol. 20, Iss. 19, OCTOBER 2017

PDF  Article PDF Version

Received: 5 April 2017

Received in revised form: 20 April 2017

Accepted: 4 May 2017

Available online: 16 October 2017

Subject Heading: CORPORATE SOCIAL ACCOUNTABILITY

JEL Classification: M14, M21, M31

Pages: 1115–1133

https://doi.org/10.24891/ia.20.19.1115

Rudenko O.N. Kuban State University, Krasnodar, Russian Federation
olgaru@inbox.ru

Velichko O.B. Kuban State University, Krasnodar, Russian Federation
olgavelichko1993@gmail.com

Importance The article considers the corporate social responsibility (CSR) concept and non-financial reporting as a tool to assess all non-financial risks and implement the CSR strategy.
Objectives The purpose of the study is to review the corporate social responsibility concept and corporate reporting as an effective tool for CSR concept realization; to work out a structure of investor-focused non-financial reports.
Methods The research draws on methods of logical and statistical analysis of 688 non-financial reports of Russian companies from 2000 to 2015.
Results Fifty percent of reports are presented by companies operating in the spheres with maximum adverse impact on environment. Prior to 2012, there was a positive trend in the publication of non-financial reports, but then there was a slash, which is comparable with a fall in the business confidence index. As different companies disclose information in non-financial reports in their own way, it is difficult to compare them. We offer a structure of mandatory indicators to be disclosed in non-financial reports.
Conclusions Comparability, transparency and regularity of non-financial reporting build a solid basis for corporate social responsibility concept implementation. It is necessary to further refine estimated parameters and promote non-financial reporting as a convenient tool for assessing non-financial risks and encouraging investment.

Keywords: corporate social responsibility, CSR, business

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