Abstract: constant changes in the business space should have an impact on the clarification of the principles governing the formation of reporting on the sustainable development of economic entities.
It should be noted that the generally recognized principles are successfully applied by both foreign and Russian economic entities in the formation of sustainable development reporting. An important point is that with the help of these principles, certain goals are set, aimed at real economic, social and environmental actions of financial and economic activities of economic entities. The principles form the openness and transparency of reporting on the sustainable development of economic entities, which in turn is the basis of mutual responsibility of the state, business and the population.
Adherence to the principles of OECD (Organization for economic cooperation and development), UN Global Compact, international and national standards and guidelines of GRI and the social Charter of Russian business is directly associated with sustainable development, and a growing number of economic actors, revealing for stakeholders in their reporting findings related to economic, social and environmental aspects.
According to the statistical data prepared by RUIE in 2017, the leaders of sustainable development in business disclosure are “Sakhalin energy”, PJSC “Gazprom Neft”, PJSC “RUSHYDRO”, UC RUSAL, ALROSA, EuroChem, “Zarubezhneft”, “Inter RAO”, “LUKOIL”, “Metalloinvest”, MTS, NLMK, “Norilsk Nickel”, Russian Railways, Rosatom, “Rosneft”, “Rostelecom”, RUSAL, Sberbank of Russia, “Severstal”, SIBUR, AFK “Sistema”, SUEK, “Transneft”, “Uralkaliy”, etc. [16].
The implementation of the principles is important for each economic entity, both at the micro level and at the macro level.
Keywords: reporting, sustainability, economic entity, efficiency, statistics, methods, principles, standards