SOCIAL REPORTS OF COMPANIES AS AN INSTRUMENT OF SOCIALLY RESPONSIBLE BUSINESS
Journal Title: Вісник Львівського національного аграрного університету: Економіка АПК - Year 2018, Vol 0, Issue 25
Abstract
The work describes the essence and importance of a social report, which is the main instrument of socially responsible business. Maintenance of social (non-financial) reports is one of the important instruments to improve performance of enterprises in the context of social responsibility. The reports help to rise interest of stakeholders to enterprises performance. The article determines Ukraine’s position in the UNO rating according to the Human Development Index. In the last rating of 2016, Ukraine took the 84th position and belonged to the countries with a high HDI. The experience of the developed countries of the world in the formation of social reporting has been researched. Nowadays, principles of social responsibility of business should be the primary task, along with application of foreign experience of social reports completing. Social reports are reports of companies, which include not only information about results of economic activity, but also social and ecological indicators. It is argued that non-financial reporting in Ukraine is at the stage of development and has a substantial potential, because currently there is insufficient number of companies submitting such kind of reports. The research defines advantages and reasonability of social reporting by Ukrainian companies. It is determined that most of Ukrainian companies do not currently pay much attention to social reporting and do not consider it as an important component of communication with stakeholders. Development of social reporting and application of the experience of the world developed countries in its completing will help the Ukrainian companies to enter a new stage of social, ecological and economic development.
Authors and Affiliations
H. Syrotyuk, Katia Yankovska
Keywords
Related Articles
- EP ID EP510881
- DOI 10.31734/economics2018.25.159
- Views 69
- Downloads 0
Methods of pricing of agricultural products for foreign markets
The recent research and publications on pricing are analyzed. The question of the impact of various factors on pricing are considered. The main factors of influence on international prices are defined. The main method...
OPTIMIZATION OF THE PROCESS OF MANAGEMENT OF FINANCIAL RESOURCES OF SUBJECTS OF ECONOMIC ACTIVITY
In modern conditions of management for the subjects of the agrarian sphere of management of financial resources is one of the key tasks in the adoption of effective managerial decisions. This problem is given special att...
Sustaining Rural Livelihoods in systemic crisis
An assessment of the reduction of the rural population in the systemic crisis and external aggression. It is established that government measures are not sufficient to maintain it. The necessity of radical changes in pol...
Features of green tourism in the suburban areas of the city Lviv
Rural green tourism is carried out by positive influence on a revival, maintenances and development of native folk customs, trades, sights of history-kultura legacy. He also extends dustings of realization of products o...
Evolution and prospects of development the preferential crediting mechanism in agricultural enterprises
The article is aimed at considering the current status of preferential crediting in agricultural enterprises, defining the main problems and justification the main directions of its improvement. The features partial rei...