The impact of corporate reporting standards and disclosure of sustainable development risks and opportunities on the assessment of company value[Влияние Стандартов Корпоративной Отчетности И Раскрытие Данных О Рисках И Возможностях Устойчивого Развития На Оценку Стоимости Компании]

The object of the study is the impact of the procedure for disclosing data, determined by mandatory financial accounting standards, on the effectiveness of corporate reporting for the purpose of assessing the activities and value of an organization in the context of sustainable development. The purpose of the study was to analyze the quality and volume of necessary data that should be disclosed by commercial organizations in corporate reporting in order to meet the requirements of analysis and assessment of business as an object of strategic and investment decisions for sustainable development. The study was carried out during 2023 on the basis of the Department of Accounting, Economic Analysis and Audit of the Russian Academy of National Economy and Public Ad- ministration under the President of the Russian Federation (RANEPA) in accordance with the RANEPA state assignment for 2023. The relevance of the study is justified by the low quality and incomparability of ESG data due to the lack of uniform global standards for their disclosure, and sometimes the optional presentation, which does not allow integrating such data into analysis procedures for assessing and comparing business sustainability and, accordingly, reduces the quality of corporate reporting and its effectiveness use by interested parties. The research methodology is based on theoretical and practical methods: an inductive research approach as a desire to understand the nature of the problem associated with the integration of ESG factors; qualitative research method – subjective assessment of attitudes and opinions of experts in the field of corporate reporting. Based on the results of the study, conclusions were drawn about the need: — in the context of following the goals of sustainable development, revising the objectives and changing the conceptual approach to corporate reporting, including the idea of the structure and composition of the data disclosed in the reporting; — development of a federal standard/set of accounting standards on information disclosure in corporate reporting on sustainable development to ensure uniformity, quality and comparability of data. The Sustainable Development Goals require a reconsideration of the concept of corporate reporting. A uniform presentation of ESG data in the financial statements of Russian organizations will make it possible to obtain objective information about the organizations’ adherence to sustainable development goals in the Russian economic environment, which significantly reduces information asymmetry and the likelihood of incorrect assessments of the state and prospects of the business.