Contemporary trends in sustainable development reporting of mineral resources companies

Abstract

The article analyzes contemporary trends in sustainable development reporting in Russian business practice, provides assessment of current situation with disclosure of non-financial information by national companies, including those of mineral resources sector, describes the main features of Russian socially-oriented reports, identifies insufficiencies of the reporting documentation provided. Relevance of the research is determined by active development of socially responsible investment with appreciation of ESG factors, increased attention of the investors to the long-term sustainability of companies, to the quality of financial and non-financial risks management. The focus on sustainable development is the key issue in shaping strategies of the global and Russian agenda. Consequently, requests from various stakeholder groups for information on companies activities in this regard are becoming more frequent. The purpose of the study is to analyze and assess trends in corporate sustainable development reporting in business practice of Russian companies, including mineral resource sector, and to develop recommendations for implementation of integrated document formats in accordance with international practice