THE EVOLUTION OF STANDARDIZATION OF SUSTAINABLE DEVELOPMENT REPORTING

Abstract

Accountability for sustainable development process is currently in high demand. Partners of business activities are interested not only in the financial condition and business activity of organizations, but also in the attitude towards environmental protection, implementation of social programs, fulfillment of public obligations. To this end, the problem arises of organizations preparing and publishing reports on sustainable development with international standards. The article presents the evolution of sustainability reporting standardization, which includes the GRI-SAAB-IFRS-S process chain and analyzing opportunities for financial and non-financial information reporting.