IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811264252_0024.html
   My bibliography  Save this book chapter

Fundamental Aspects of Sustainability Reporting Based on GRI Standards: Evolution of Development, Substance, and Content of Integrated Reporting

In: Climate-Smart Innovation Social Entrepreneurship and Sustainable Development in the Environmental Economy

Author

Listed:
  • Lyudmila N. Usenko
  • Victoriya A. Guzey
  • Natalia M. Usenko
  • Svetlana S. Lavrenchenko

Abstract

The current conditions for the development of the Integrated Reporting Concept predetermine an increase in the efficiency and investment attractiveness of those companies that apply integrated reporting. This is true because the integrated reporting allows for a holistic view of the development of an economic entity, facilitates interaction with interested users, and attracts additional investment. The possibility of detailed disclosure of financial and non-financial information allows investors to study the organization’s activities in greater depth and formulate the necessary conclusions in the context of the planned cooperation. Additionally, the formation of integrated reporting significantly increases the level of implementation of the financial risk management mechanism and operational control. Integrated reporting allows forming and interconnecting of information flows characterizing the performance of organizations in terms of their sustainable development. Taking this information as a basis, top management and investors will be able to minimize costs and existing risks and make informed decisions that are strategically important for the organization’s development. High-quality information contained in integrated reporting will be in line with the current level of development of global economic relations. It will meet the needs of stakeholders to the fullest extent, given the development of opportunities for its standardization. Integrated reporting will need to establish a set of underlying indicators that need to be disclosed and then provide a format for the information provided. Nowadays, more and more organizations recognize the need for conscious forward-looking financial management based on scientific methodologies for predicting its direction, adapting it to the overall development objectives of the organization and the economic environment. This research reveals the evolution of development, substantive content, and content of integrated reporting in current conditions, including scientific research into the following issues: outlining the fundamental aspects of sustainability reporting based on GRI standards, studying the evolution of development, substantive content, and content of integrated reporting.

Suggested Citation

  • Lyudmila N. Usenko & Victoriya A. Guzey & Natalia M. Usenko & Svetlana S. Lavrenchenko, 2023. "Fundamental Aspects of Sustainability Reporting Based on GRI Standards: Evolution of Development, Substance, and Content of Integrated Reporting," World Scientific Book Chapters, in: Elena G Popkova & Natalia G Vovchenko & Olga V Andreeva (ed.), Climate-Smart Innovation Social Entrepreneurship and Sustainable Development in the Environmental Economy, chapter 24, pages 357-375, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811264252_0024
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811264252_0024
    Download Restriction: Ebook Access is available upon purchase.

    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811264252_0024
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Climate-smart Innovation; Social Entrepreneurship; Sustainable Development; Environmental Economy; Green Economy; Environmental Marketing; Green Entrepreneurship Practices; COVID-19; Regional Economy; Natural Territory;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811264252_0024. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.