ESG REPORTING AS A TOOL FOR CREATING VALUE IN THE CONTEXT OF SUSTAINABILITY
Valentyna Kostyuchenko, Anastasiia Tertychna, Kateryna Shavlova, Valeriia Shykuta
Abstract
The importance of ESG reporting in the context of sustainable development is growing. Such report contains financial and non-financial indicators of the company in three important areas: Environmental, Social, and Governance. The article substantiates the factors and conditions for transforming ESG reporting from a risk management into a creating business value tool in the sustainability. The article uses the example of well-known companies to demonstrate the improvement of approaches to ESG reporting based on the consideration of sustainability as a key component of competitiveness and growth in a changing business environment. Proposals for improving the ESG reporting procedures are formulated.