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NON-FINANCIAL REPORTING AS A NEW TREND IN SUSTAINABILITY ACCOUNTING

Nikolina Markota Vukić
Renata Vuković
Donato Calace

Sažetak

The non-financial reporting trend is expected to continue and grow as corporate stakeholders demand more information concerning environmental, social, and governance impacts. Hence, understanding the importance of sustainability accounting plays a pivotal role in offering stakeholders information that is more reliable and accurate. According to a Governance & Accountability Institute, 82% of the S&P 500 companies published Corporate Sustainability Reports in 2016. Dilemma for the business is no longer whether having a non-financial report or not, it is rather why, how and which report or option should companies choose to meet stakeholders needs and comply with the regulatory framework. The objectives of this paper are as follows: first, overview of the non-financial reporting and sustainability accounting, then its historical development will be presented. Finally, this paper will provide an overview on the new European legislative framework of non-financial reporting which will be presented and described.

Ključne riječi

non-financial report, history of non-financial reports, sustainability accounting, non-financial report legislation in European Union

Hrčak ID:

310832

URI

https://hrcak.srce.hr/310832

Datum izdavanja:

31.12.2017.

Posjeta: 173 *