STANDARDIZATION OF COMPANIES SUSTAINABILITY REPORTING COMPANIES AS A GUARANTEE OF ITS QUALITY: INTERNATIONAL EVIDENCE
Abstract
Purpose of the article is The aim is to study key trends in standardization, mandatory reporting, regulation and verification of sustainability reporting. Methodology of research. The methods of graphical, statistical and dynamic analysis used in the course of research allow to characterize the state and prospects of standardization of reporting on sustainable development in the world in time, structural, regulatory sections. Findings. A comprehensive analysis of the state of standardization of reporting on sustainable development in the world has been carried out with the disclosure of certain aspects of its standardization. Were described: the overall trends in implementing regulatory tools for reporting on sustainable development, the experience of some countries in its standardization, initiatives of financial regulators and exchanges in the regulation of such reporting, prevailing systems of standards for preparation and publication of reports and its verification. A complete picture of modern regulation of sustainability reporting in the world was shaped. Originality. Synthesis features of standardization and regulation of mandatory reporting on sustainable development revealed no alternative of sustainability reporting standardization to ensure its quality during justify investment decisions. Practical value. The revealed peculiarities of standardization and mandatory regulation of the sustainability reporting in the world, in the context of individual countries, regulators, including exchange and prevailing standards of its presentation allow us to determine the main parameters for the formation of a regulatory system for such reporting in Ukraine.
References
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