Why Nonfinancial Reporting Matters?

DOI

10.2991/senet-19.2019.27How to use a DOI?

Keywords

Sustainability, UN SDG, nonfinancial reporting, sustainable reporting, GRI standards, environment, social

Abstract

Governments, consumers, and investors are increasingly pressuring companies to be truly open on the economic, environmental and social impact of their business. Many companies publish nonfinancial reports, also known as corporate social responsibility (CSR) or environmental, social, and governance (ESG) report. International standards, such as the Global Reporting Initiative, provide non-obligatory guidelines for sustainability reporting, that aim to enable assessment of environmental impact from the activities of the companies and its supply chain. In December of 2014, the EU Commission has adopted a new Directive obliging large multinational companies to provide nonfinancial disclosures to the markets. The purpose of the paper is to point to the growing general importance of non-financial reporting, i.e. reporting on how business makes impact on the social and natural environment, as well as the gradual development of international nonfinancial reporting standards as a tool for comparing business results in the light of this environmental impact.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ljiljana Maravić
AU  - Veljko Dmitrović
AU  - Tijana Obradović
PY  - 2019/12
DA  - 2019/12
TI  - Why Nonfinancial Reporting Matters?
BT  - Proceedings of the 5th IPMA SENET Project Management Conference (SENET 2019)
PB  - Atlantis Press
SP  - 171
EP  - 174
SN  - 2352-5428
UR  - https://doi.org/10.2991/senet-19.2019.27
DO  - 10.2991/senet-19.2019.27
ID  - Maravić2019/12
ER  -