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Implementation of Sustainable Development Reporting in Ukraine: The Status and Prospects in the Context of European Integration
Korol S. Y., Semenova S. M., Kurbet M. A.

Korol, Svitlana Ya., Semenova, Svitlana M., and Kurbet, Maksym A. (2022) “Implementation of Sustainable Development Reporting in Ukraine: The Status and Prospects in the Context of European Integration.” Business Inform 1:294–301.
https://doi.org/10.32983/2222-4459-2022-1-294-301

Section: Accounting and Auditing

Article is written in Ukrainian
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UDC 657; 658

Abstract:
The purpose of the article is to analyze tendencies and determine the prospects for the implementation of corporate reporting in Ukraine, its compliance with European practice and the stated desire for sustainable development. The analysis of recent research and publications revealed the need to increase attention to the issues of business transparency in Ukraine and reporting on sustainable development as a condition for the formation of its social responsibility. In the course of the research, it was found that in recent years there have been significant changes in the State policy on the implementation of the sustainable development goals and the formation of national regulations on reporting on the part of companies on their impact on the environment and society. There have been changes in the approaches to management, which corresponds to the request of financial capital suppliers and other stakeholders not only in the EU countries, but also in Ukraine. The authors came to the conclusion that in the current conditions, ensuring transparency and increasing social responsibility of business should concern not only large companies and groups of public interest, but also small and medium-sized businesses. Excluding small and medium-sized businesses from this process deprives them of the opportunity to benefit from the publication of non-financial and integrated reporting, using it as a means of communication. Given the unpreparedness of business leaders and the complexity of the introduction of such reporting, there is a need to develop and implement governmental programs in Ukraine to support and stimulate social responsibility of business to transparency, in particular those entities reporting their contribution to sustainable development. Further research in this direction should be aimed at creating favorable conditions and determining approaches for more active involvement of all market participants in the disclosure of non-financial information and the transition to integrated reporting.

Keywords: principle of transparency, social responsibility, management report, integrated report, institutionalization of non-financial reporting, EU Directive 2014/95/.

Bibl.: 26.

Korol Svitlana Ya. – Doctor of Sciences (Economics), Professor, Professor, Department of Accounting and Taxation, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]
Semenova Svitlana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Taxation, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]
Kurbet Maksym A. – Postgraduate Student, Department of Accounting and Taxation, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

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