Abstract:

The article reveals the significant reasons for the emergence of non-financial reporting of corporations in the light of the realization of generally recognized innovative conceptual views on reflecting the dynamics of their steady rise in the quantitative and qualitative indicators of the activity of companies.  The academical and practical novelty of the research lies within the approaches suggested by the authors in the Working Group of the United Nations Conference on Trade and Development (UNCTAD) on the need to introduce a uniform format for the disclosure of characteristics of financial and economic status, environmental protection, social, institutional and other spheres of business activity..
This scientific study, in the context of addressing the risks of information asymmetry in transitional economies, proposes ways to improve approaches to the structure and meaningful completion of non-financial databases through the integration of international management reporting standards and the attainment of Sustainable Development Goals (SDGs).