Problems and Prospects in the Development of Non-Financial Reporting

Society and business face serious environmental and social challenges, which requires the integration of sustainable development goals into company strategies. Non-financial reporting is becoming an important tool for disclosing information about sustainable development. The active introduction of non-financial reporting reflects the global trend of increasing transparency and responsibility of businesses to investors and society as a whole, allowing a comprehensive assessment of the impact of companies on the environmental and social environment, as well as the quality of corporate governance. However, there is still no single standard for its preparation, which makes data comparability difficult. A standard structure of a non-financial report is proposed to increase transparency and trust among stakeholders, which contributes to more effective management of sustainable development. Based on the analysis of published non-financial reports of Russian companies in various industries, conclusions have been drawn about the completeness of companies' disclosure of non-financial indicators, including by industry. The development of a standard non-financial report structure that takes into account key indicators from different fields is designed to increase the comparability and usability of such data.