At present, different groups of stakeholders are interested in the characteristics of economic activity, which are reflected with a significant aggregate of non-financial indicators, grouped according to certain types of non-financial reports on the social, environmental and economic aspects of the activities of business entities.
Experts point out that the feature of such non-financial reports on choosing their types, content, format and set of indicators is the decision of the company itself (as a rule, a large corporation, although recently small and medium-sized companies are involved in the process) and the lack of clear legislative regulation in Ukraine.
International practice suggests that non-financial reports can be targeted at different levels of management and user groups:
- mega-level − for non-governmental organizations and global community;
- macro-level − for local authorities and the state;
- meso-level − for consumers, lenders and investors, public organizations, individual social groups of society;
- macro-level − for company employees, management, shareholders, business partners, trade unions.
In practice, non-financial reports include those types that can be considered synonymous in one sense: socially responsible reporting, social and environmental reporting, sustainability reporting, progress reporting, social reporting, corporate responsibility reporting, environmental reporting, and nonfinancial reporting activities. Auditors and accountants should pay attention to such aspects of the preparation of non-financial reports in order to improve their professional activities.