Subject. This article examines trends in the presentation of non-financial reporting of the largest Russian and foreign companies in terms of volume and style over the past twenty years. Objectives. The article aims to conduct a comparative analysis of the volume of non-financial reporting of the twenty largest companies across several indicators for 2023–2024 and 2000–2024, and identify stable trends in such reporting, their causes, and consequences. Methods. For the study, I used the methods of quantitative, visual, and comparative analyses of reporting as a whole, as well as of the symbols and characters, and graphical elements. Results. The article finds that over twenty years, reporting has tripled in terms of character count, reaching an average of 0.6 and 0.9 million characters for Russian and foreign companies, respectively. It mainly consists of text, with numbers making up 4% and an average of one graphic element per page. Conclusions and Relevance. The article concludes that the multiplicity and superficiality of international standards are the main reasons for this growth, while the significant increase in labor costs for issuing and studying reports is a consequence. The article proposes solutions for the maximum volume of reporting in characters and their combinations with numbers and graphic elements, which can be implemented in the recommendations of the Ministry of Economic Development of the Russian Federation and through the rating of reports.
Shtefan M.A., Zotova Ya.N. [The impact of the form of non-financial reporting on market capitalization of Russia’s and foreign companies]. Vestnik Moskovskogo universiteta. Seriya 6. Ekonomika, 2024, vol. 59, no. 1, pp. 122–145. (In Russ.) DOI: 10.55959/MSU0130-0105-6-59-1-6 EDN: LCUXFP
Gibson Brandon R., Krueger P., Schmidt P.S. ESG Rating Disagreement and Stock Returns. Financial Analysts Journal, 2021, vol. 77, iss. 4, pp. 104–127. DOI: 10.1080/0015198X.2021.1963186 EDN: RQWKNH
Yanvarev K.A., Kalinskii O.I. [Development of a methodology for comparing the sustainable development status of Russian metallurgical enterprises]. Ekonomika: vchera, segodnya, zavtra, 2024, vol. 14, no. 5A, pp. 231–242. (In Russ.) EDN: SZKRTL
Bulyga R.P., Mel’nik M.V., Safonova I.V. [Problems of financial measurements of environmental and social factors in public reporting of companies]. Vestnik Voronezhskogo gosudarstvennogo agrarnogo universiteta, 2022, vol. 15, no. 3, pp. 202–218. (In Russ.) DOI: 10.53914/issn2071-2243_2022_3_202 EDN: BIDXKG
Sannikova I.N., Semikolenova M.N. [Non-financial reporting: practice of generating and monitoring ESG data]. Professiya. Biznes, 2024, no. 1, pp. 64–71. (In Russ.) DOI: 10.14258/epb202409 EDN: SVCFTU
Pashtova L.G., Katyaeva M.G., Korzun I.A. [Sustainable development of Russian energy companies: ESG principles]. Finansy i kredit, 2023, vol. 29, iss. 2, pp. 290–314. (In Russ.) DOI: 10.24891/fc.29.2.290 EDN: JIVJYY
Berg F., Koelbel Ju.F., Rigobon R. Aggregate confusion: The divergence of ESG ratings. Review of Finance, 2022, vol. 26, iss. 6, pp. 1315–1344. DOI: 10.1093/rof/rfac033 EDN: BRYCLT
Romanova L.A., Krutsan E.A. [Approaches for analyzing issuer's non-financial data when making ESG investment decisions]. Sotsial'noe predprinimatel'stvo i korporativnaya sotsial'naya otvetstvennost', 2024, vol. 5, no. 1, pp. 9–20. (In Russ.) DOI: 10.18334/social.5.1.120608 EDN: ZFZHQX
Veren’ko N., Grishankova S., Kamenkov A. [Practical aspects of the system of presentation and disclosure of information in the ESG sphere: ecosystem approach]. Банкaўскi веснiк, 2023, no. 10, pp. 39–51. (In Russ.) EDN: DPILPH
Arkauti V.V., Bestaeva L.I., Kotova O.V. et al. [ESG (Environmental, Social, Governance) and non-financial reporting: prospects in the world and Russia]. Ekonomika i upravlenie: problemy, resheniya, 2023, vol. 10, no. 12, pp. 114–123. (In Russ.) DOI: 10.36871/ek.up.p.r.2023.12.10.012 EDN: JVDGBU
Tyuleneva N.A., Demidova D.K. [Statistical assessment of ESG business transformation based on non-financial reporting data]. Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika, 2023, no. 64, pp. 115–133. (In Russ.) DOI: 10.17223/19988648/64/9 EDN: UPKUOV
Danilina M.V., Kulakova E.Yu., Magomedova G.M., Ivanov A.A. [Analysis of foreign experience in the field of using ESG standards in the strategy of development of industry and trade]. Ekonomika: vchera, segodnya, zavtra, 2023, vol. 13, no. 8A, pp. 311–323. (In Russ.) DOI: 10.34670/AR.2023.69.43.028 EDN: XUMDAJ
Safonova I.V. [Non-financial reporting in the ESG-transformation focus: a global agenda]. Auditorskie vedomosti, 2021, no. 4, pp. 28–33. (In Russ.) DOI: 10.24411/1727-8058-2021-4-28-33 EDN: MFIWYG
Mitina A.S. [Influence of sanctions on the development of ESG agenda in Russia: challenges and opportunities]. Mezhdunarodnyi nauchno-issledovatel'skii zhurnal, 2024, no. 12. (In Russ.) DOI: 10.60797/IRJ.2024.150.113 EDN: VRXPWS
Bataeva B.S. [Ensuring transparency of ESG transformation of corporations (using the example of retail companies)]. Upravlencheskie nauki, 2024, vol. 14, no. 2, pp. 64–76. (In Russ.) DOI: 10.26794/2304-022X-2024-14-2-64-76 EDN: HQSHFG
Evseeva O.V. [Sustainable development management within the framework of the ESG approach. Part 3. New trends in information disclosure in oil and gas companies. E-direction]. Ekonomika i upravlenie: problemy, resheniya, 2025, vol. 3, no. 4, pp. 4–18. (In Russ.) DOI: 10.36871/ek.up.p.r.2025.04.03.001 EDN: ESWBVS
Palii E.A. [Innovations and current trends in financial management of ESG projects]. Vestnik Evraziiskoi nauki, 2024, vol. 16, no. S6. (In Russ.) EDN: NNBZLI
