ASSESSMENT OF THE CURRENT TREND IN THE REPORTING OF SR-BUSINESS CONTRIBUTION TO SUSTAINABLE DEVELOPMENT (ON THE EXAMPLE OF THE REPUBLIC OF MOLDOVA AND THE REPUBLIC OF BELARUS)
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Abstract
Much research has focused on issues such as financial reporting theory, the usefulness of information for investors, and optimising the reporting information field. What makes these problems particularly acute is the need to report on the ESG-behaviour of business in the context of the socio-economic development paradigm.
To achieve the objective of the study, a two-stage algorithm has been developed according to which: the institutional platform of Moldova and Belarus has been characterised with respect to measuring the contribution to maintaining social and natural capital; an analysis of the human and natural capital measurement trend adopted in Moldova and Belarus and its potential use for assessing the contribution of business to sustainable development has been carried out.
The study has scientific relevance for improving the financial reporting format and practical implications for the transition to a socio-economic accounting model. The study concludes that, despite the policy commitment to recognise new forms of capital, national accounting systems have not yet included them as part of the financial reporting element, nor have they made the transition to a socio-economic paradigm.
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