Non-financial Reporting of an Economic Entity as an Information Basis for Decision Making by Stakeholders

Non-financial reporting is an important tool for stakeholders when making decisions about interaction with a company. It allows assessing social well-being, environmental and social sustainability, ethical standards, management quality and risks associated with the company's operations. Investors attach increasing importance not only to financial results, but also to social and environmental indicators, as they reflect the sustainability and potential for growth and development of a company. However, despite all the advantages of non-financial reporting, there are barriers related to its preparation and use. At the moment, there is no unified methodology for stakeholders to use the information contained in the non-financial reporting of an economic entity, which can ensure comparability of data and meet the needs of different stakeholders.