Quality assessment of reporting on sustainable development of industrial enterprises

The practice of non-financial reporting has a relatively short history in Russia, but the number of companies joining this process is constantly increasing. Preparing reports of high quality demands analytical interpretation of data, tracking the dynamics of goals achievement, response to the wishes of the parties concerned; therefore, the methods and tools for making these reports must be chosen carefully. The relevant criteria have been developed by such different official and public organizations as the World Bank, the UNO, the European Commission, the World Wildlife Fund, etc. Moreover, this issue is the study subject of many research works, but they generally tend to reflect the state of economic, environmental and social spheres of life in their static state. However, sustainable development is a dynamic process, therefore, it requires developing a system of dynamic indicators, which would not only take into account the balanced state of environmental, economic and social spheres in a particular period of time, but also make it possible to reflect the positive changes through the development process. We consider such dynamics indicators as growth rates of key performance indicators of enterprises to be the most appropriate for this approach; they are grouped into three areas: social, economic and environmental. This dynamic model represents the procedure of relative arrangement of indicators, adherence to which in a long time perspective could allow for assessing the level of enterprises' progress on the path of sustainable development. A distinctive feature of the proposed system of measuring instruments is the possibility to reflect the changes in each of the areas of sustainable development, as well as their interrelation in terms of balance and emerging imbalances.