Sustainable Development Reporting in Emergency Situations
DOI:
https://doi.org/10.15407/scine20.02.003Keywords:
sustainability reporting, Directive 2013/34/EU, Directive 2022/2464, UNCTAD, ISSBAbstract
Introduction. The realities of the martial law in Ukraine, the threat of emergency events, in particular pandemics
like COVID-19, catastrophic consequences of terrorist acts, post-war reconstruction plans with involvement of
external and internal funding from economic agents of all forms of ownership have determined the need for the
further promotion of the sustainability concept.
Problem Statement. The lack of unifi ed approach to the content of sustainability reporting leads to asymmetry, low level of reliability and impossibility of aggregating statistical information for making management decisions, including those related to resource provision.
Purpose. The purpose of this research is to determine methodological approaches in terms of appropriateness,
materiality of disclosure in non-fi nancial reporting of companies; disclosure of ways of compliance with principles
of transparency and accountability regarding sustainability by leaders of the corporate sector selected for analysis; to substantiate directions for the use of best global practice of reporting within domestic institutional environment during the martial law and post-war recovery.
Materials and Methods. The methods are induction, deduction, analysis, synthesis, methods of statistical samp-
ling, comparison, expert evaluations, associations, and analogies.
Results. The study of non-fi nancial reporting of 11 foreign metallurgical companies has made it possible to estab lish the problematic aspects of sustainability data regarding relevance and materiality. Variety of methodolo gical approaches of non-fi nancial reporting leads to increased risks for decision-making as regards development
strategies and attraction of resources.
Conclusions. The research results have proven the hypothesis (H1): unifying the methodology for the formation of indicators and standardizing approaches to the preparation of sustainability reports are the main way to enhance the eff ectiveness of state regulation and corporate management both in stable situations and in critical conditions of emergency events.
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