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Analysis of the quality of public non-financial reporting in the metallurgic industry of the Russian Federation
The analytical research of the state of the non-financial reporting of the metallurgic industry demonstrates that the public non-financial reports regularly present five companies, of which the reports of three companies meet the requirements of the international GRI standards. The conducted thorough analysis of disclosing the details of the report by elements and groups, in accordance with the current version of the GRI standards, revealed that the highest level of disclosed information is in the reports of the Severstal and Metalloinvest companies. In addition to that, the reports of the aforementioned companies are the only ones in the industry that go through the process of external certification. To improve the quality of the public non-financial reporting, the authors propose forms of internal reporting on in the aria of the crucial social and environmental activity of the metallurgic companies, which allow determining objective trends and causes of the changes in the indexes, conduct substantiated selection of prioritized efforts of social support, and timely implementation of measures on prevention of social tension and high employee turnover.
Keywords: external certification, GRI, international standards, concept of sustainable development, corporate social responsibility, metallurgical companies, Non-financial reporting, shareholders, disclosure, forms of the internal reporting
Article was received:18-10-2017
This article written in Russian. You can find full text of article in Russian here .