Non-financial reporting as an important element of cоrporate social responsibility

Economic Annals-XXI: Volume 129, Issue 5-6(1), Pages: 41-44

Citation information:
Οrlova, N. (2013). Non-financial reporting as an important element of cоrporate social responsibility. Economic Annals-XXI, 5-6(1), 41-44. https://ea21journal.world/index.php/ea-v129-11/

View Full Text Download PDF

Nataliya Оrlova
D.Sc. (Public Administration),
Professor,
Donetsk State University of Management, Ukraine
nsorlova78@gmail.com

Non-financial reporting as an important element of соrporate social responsibility

Abstract. The author concluded it is important to implement the principles of corporate social responsibility in the formation of the strategy of Ukrainian corporations that will help them to compete in the global market, as well as to hold the inner segments of the national market. The importance of corporate social responsibility in the formation of non-financial reporting is justified. It could become an effective tool by means of which corporations will increase own competitiveness both in single branches, and in modern economy as a whole.

In particular, in the article an analysis of Ukrainian enterprises concerning preparation of non-financial reports has been conducted, and the role of non-financial reporting for multinational corporations has been shown. The main stages of the preparation and dissemination of corporate social reports are considered. The advantages of the Global Reporting Initiative usage for companies are concluded as the base for the sustainable development. The priority areas of corporate social responsibility are identified for development of the corporations in Ukraine and other countries. This will contribute to the integration of domestic corporations in the international market.

Keywords: Corporate Social Responsibility; Non-Financial Reporting; Corporate Social Responsibility Report

JEL Classification: M14

References

Vorobey, V., & Zhurovska, I. (2010). Non-financial reporting: Tools of socially responsible business. In V. Vorobey (Ed.). Kyiv, IE Kostyuchenko О. M. (in Ukr.).
Saprykina, M., Lyashenko, A., Sayensus, M. et al. (2011). Corporate social responsibility: models and management practices. In M. Saprykina (Ed.). Kyiv: Dark Letter (in Ukr.).
Smith, N. (2009). Corporate social responsibility is just a big business paradigm. Corporate social responsibility.
Retrieved from http://www.csrjournal.com/sferu-kso/2025-korporativnaja-socialnaja-otvetstvennost-prosto.html
Laplygin, J., Laplygin, D., Ganova, E., & Bessarabov, I. (2010). Strategic Management. World of shelves: free library.
Retrieved from http://www.mirpolok.ru/library/1_book/6_strateg.shtml (in Russ.)
Sitkovskiy, D. (2010). Corporate social investment as a factor of economic development at the regional level. Control of Economic Systems, 4(24).
Retrieved from http://uecs.mcnip.ru/modules.php?name=News&file (in Russ.)
Suprun, N. (2010). Conceptual Foundations of Corporate Social Responsibility. Kyiv: Institute of Economics and Forecasting of NAS of Ukraine (in Ukr.).
About 17 million Euros spent on the development of Irish Society in 2011. (2013). Web-site.
Retrieved from http://www.csr-review.net/index/okolo-17-mln-evro-potratili-irlandskie-kompanii-na-razvitie-obshhestva-v-2011-godu.html (in Russ.)
Eco Plastics and Coca-Cola will change our view of the plastic bottles (2013). Web-site.
Retrieved from http://www.ozemle.net/eco-plastics-i-coca-cola-izmenyat-nashe-mnenie-o-plastikovyx-butylkax.php (in Russ.)
What is a non-financial report of companies? The Initiative of the Centre «Development of CSR» Public Assessment Report. (2013). Web-site.
Retrieved from http://www.csr-review.net/index/chto-takoe-otsenka-nefinansovyih-otchetov-kompaniy-initsiativa-tsentra-razvitiya-kso-po-obshhestvennoy-otsenke-otchetov.html (in Russ.)
Saprykina, M. A. (2011). CSR Practice: 12 Steps in preparing non-financial report.
Retrieved from http://delo.ua/business/kso-praktika-12-shagov-pri-podgotovke-nefinasovogo-otcheta-185313 (in Russ.)
Construction of the storage infrastructure and data protection for companies mining division of Metinvest (2008). Web-site.
Retrieved from http://incom.ua/content/view/371308/12 (in Russ.)
Non-Financial Reporting, The EU Single Market (2013). Official web-site.
Retrieved from http://ec.europa.eu/internal_market/accounting/non-financial_reporting/ index_en.htm (in Russ.)
Centre for Development of «CSR» presents an assessment of largest banks in Ukraine web-sites (2012). Web-site.
Retrieved from http://www.csr-review.net/tsentr-razvitie-kso-predstavlyaet-otsenku-saytov (in Russ.)