Yana Oliinyk – SESE “The Academy of Financial Management”, O. Honchara street, 46/48, 01034, Kyiv, Ukraine
Maria Kucheriava – SESE “The Academy of Financial Management”, O. Honchara street, 46/48, 01034, Kyiv, Ukraine
Alla Zinchenko – National University of “Kyiv-Mohyla Academy”, Building 4, Room 218, 2 Skovorody vul., Kyiv 04070,
Ukraine
DOI: https://doi.org/10.31410/EMAN.S.P.2021.39
5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times, Online/Virtual, March 18, 2021, SELECTED PAPERS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-44-8, ISSN 2683-4510
Abstract:
In today’s environment of uncertainty and rapid change in the business environment (VUCA),
there is a need to find effective solutions to global problems. The solution to urgent global problems
facing Ukraine and the world depends on the orientation of business entities on the path to sustainable
development. Ukraine has recently joined the countries with legislation requiring companies to
compile and publish a management report. Therefore, determining the impact of institutional factors
in ensuring the level of transparency and accountability of business organizations in countries with
economies in transition in the context of SDGs’ attainment is now important. The core task of the study
is to assess the dynamics of disclosure by certain enterprises of non-financial data, including the impact
on the economy, environment and society, before and after the adoption of relevant regulations; to
substantiate conclusions and suggest solutions to identified problems.
Keywords:
Non-financial reporting, Directive 2013/34/EU, Directive 2014/95/EU, Management report,
Extractive industry entities, ESG reporting area.
REFERENCES
Adaui, C.R.L. (2020). Sustainability Reporting Quality of Peruvian Listed Companies and the
Impact of Regulatory Requirements of Sustainability Disclosures. Sustainability, 12(3).
https://doi.org/10.3390/su12031135
Asif, M., Cory, S., Paulo, S., & Kensah, D. (2013). A review of Dutch corporate sustainable
development reports. Corporate Social Responsibility and Environmental Management,
20, 321–339.
Baumüller, J., & Schaffhauser-Linzatti, M.-M. (2018). In search of materiality for nonfinancial
information – reporting requirements of the Directive 2014/95/EU. Sustainability
Management Forum, 26(1), 101-111. Retrieved from https://link.springer.com/content/pdf/
10.1007%2Fs00550-018-0473-z.pdf
Boiral, O., Heras, I., Brotherton, M.-C., & Bernard, J. (2018). Ethical issues in the assurance of
sustainability reports: Perspectives from assurance providers. Journal of Business Ethics.
doi:10.1007/s10551-018-3840-3
Crowther, D. (2017). A Social Critique of Corporate Reporting: A Semiotic Analysis of Corporate
Financial and Environmental Reporting. London: Routledge, 346 p.
EITI Ukraine. Retrieved from http://eiti.org.ua/pro-eiti/
European Commission (2019). Guidelines on reporting climate-related information. Retrieved
from https://ec.europa.eu/finance/docs/policy/190618-climate-related-information-reporting-
guidelines_en.pdf
Hassan, A., Elamer, A.A., Fletcher, M., & Sobhan, N. (2020). Voluntary assurance of sustainability
reporting: evidence from an emerging economy. Accounting Research Journal.
https://doi.org/10.1108/ARJ-10-2018-0169
Iefymenko, T., Lovinska, l., Oliynyk, Ya., Bondar, T., & Kucheriava, M. (2017). Introduction
of non-financial reporting in the context of implementation of EU legislation in Ukraine.
Kyiv: SESE “The Academy of Financial Management”. Retrieved from afu.kiev.ua/getfile.
php?page_id=462&num=1 [in Ukrainian].
IFAC (2020). Summary of Covid-19 Financial Reporting Considerations. Official website. Retrieved
from https://www.ifac.org/knowledge-gateway/supporting-international-standards/
discussion/summary-covid-19-financial-reporting-considerations
Information in Crisis Management: A Global Aspect of the Standardization of Accounting and
Financial Reporting / Т. Iefymenko, V. Zhuk, L. Lovinska; Academy of Financial Management.
– К., 2015. – 400 p.
International Organizing Committee for the World Mining Congress (2019). World mining data Official website. Retrieved from http://www.world-mining-data.info/wmd/downloads/
PDF/WMD2019.pdf
IOSCO (2020). IOSCO Statement on Importance of Disclosure about COVID-19. Official website.
Retrieved from https://www.iosco.org/library/pubdocs/pdf/IOSCOPD655.pdf
IPIECA (2020). Sustainability reporting guidance for the oil and gas industry. Official website.
Retrieved from https://www.ipieca.org/our-work/sustainability-reporting/sustainability-
reporting-guidance/
Kryshtopa I. I. (2014). Strategic reporting of industrial enterprises: concept, composition, structure.
Actual issues of economy. No 7(157). p. 449–453
Kumar, K., & Prakash, A. (2019). Examination of sustainability reporting practices in Indian
banking sector. Asian Journal of Sustainability and Social Responsibility, 2. https://doi.
org/10.1186/s41180-018-0022-2
Mineral resources of Ukraine (2020). Information resource. Retrieved from http://minerals-ua.info/
Mion, G., & Adaui, C.R.L. (2019). Mandatory Nonfinancial Disclosure and Its Consequences
on the Sustainability Reporting Quality of Italian and German Companies. Sustainability,
11(17). https://doi.org/10.3390/su11174612
Oliinyk Y. (2019). Application of the universal system of indicators describing the contribution
towards implementation of the SDGS as an instrument ensuring the comparability of non–
financial reporting. Strategies for Entrepreneurship for Sustainable Development of Small
and Medium-Sized Innovative Entrepreneurship: International Conference, 9-14 October p. 38-42.
Oliinyk, Y., Kucheriava, M. (2019). Implementation of reporting on water-use efficiency in the
context of SDG’s attainment. In Accounting and analytical support of the enterprise management
system. p. 237-238
Oliynyk Y., Kucheriava M., Zinchenko A., Korytnyk L. (2020). Practice of non-financial reporting
of enterprises of the extractive industry of Ukraine. RFI SCIENTIFIC PAPERS. No 4.
p. 95-105.
Riepina I., Hrybinenko O., Parieva N., Parieva O., Savenko I., Durbalova N. (2019). Quantity
Assessment of the Risk of Investment Projects. International Journal of Recent Technology
and Engineering (IJRTE). Volume-8 Issue-3. Retrieved from https://www.ijrte.org/
wp-content/uploads/papers/v8i3/C6338098319.pdf
SFS (2019). Register of large taxpayers for 2019. Retrieved from http://officevp.sfs.gov.ua/media-
ark/news-ark/352252.html
SFS (2021). Who topped the ranking: TOP-5 industries for paying taxes. Retrieved from https://
officevp.tax.gov.ua/media-ark/news-ark/462202.html
Slacik, J., & Grelling, D. (2019). Sustainability Reporting by Electric Utilities. European Conference
on Intangibles and Intellectual Capital, XIV, 271-281.
State Statistics Service of Ukraine (2020). Macroeconomic indicators. Official website. Retrieved
from http://www.ukrstat.gov.ua/
Stolowy, H.; Paugam, L. (2018). The expansion of non-financial reporting: an explanatory study.
Accounting and Business Research, vol. 48, No. 5, pp. 525-548
The Alliance for Corporate Transparency project analysis of companies’ reporting (2019). 2018
Research Report The state of corporate sustainability disclosure under the EU Non-Financial
Reporting Directive, p.76
UN (2020). A UN framework for the immediate socio-economic response to COVID-19. Official
website. Retrieved from https://www.un.org/sites/un2.un.org/files/un_framework_report_
on_covid-19.pdf
UNCTAD (2018). Reporting on the Sustainable Development Goals. Retrieved from https://
unctad.org/system/files/official-document/ser-rp-2018d1_en.pdf
Vukić, N. M.; Vuković, R.; Calace, D. (2018). Non-financial reporting as a new trend in sustainability
accounting. Journal of Accounting and Management, Vol. VII No.2, 2018, pp.
13-26.
Zheng, P., & Ren, Ch. (2019). Voluntary CSR disclosure, institutional environment and independent
audit demand. China Journal of Accounting Research, 12(4), 357-377. https://doi.
org/10.1016/j.cjar.2019.10.002
Zinchenko A., Reznik N., Saprykina M. (2018). Transparency index of Ukrainian companies’
websites – 2017. 28 p. Retrieved from http://old.csr-ukraine.org/wp-content/uploads/2018/10/
Transp_Index_2018_preview-.pdf?fbclid=IwAR3t8Twai7_wBdLHAsFTZEZnjI3D4L6y-
Oc3rOtF48UnMloCbGh8iVHwNZIs