INTEGRATED REPORTING AS A KEY ELEMENT OF SUSTAINABLE DEVELOPMENT OF ENTERPRISES

Abstract

Nowadays, an integrated reporting model incorporates elements of financial and non-financial information and is an important prerequisite for sustainable business development. It is integrated reporting that has to satisfy stakeholders, help increase the value of companies, reduce investment risks, and, through transparency, increase public confidence in their activities. The new report model has to provide information on the protection of human rights, the use of natural resources, the impact of the business on social phenomena and climate change. The main objective of an integrated report is to explain to the investors and clients of the company how the company gets value within a long time due to the existing business model and strategy, its development plans and future goals, as well as what it does to improve the lives of its employees and consumers.