SUSTAINABLE DEVELOPMENT REPORTING IN EMERGENCY SITUATIONS

Abstract

Introduction. The realities of the martial law in Ukraine, the threat of emergency events, in particular pandemics like COVID-19, catastrophic consequences of terrorist acts, post-war reconstruction plans with involvement of external and internal funding from economic agents of all forms of ownership have determined the need for the further promotion of the sustainability concept. Problem Statement. The lack of unified approach to the content of sustainability reporting leads to asymmetry, low level of reliability and impossibility of aggregating statistical information for making management decisions, including those related to resource provision. Purpose. The purpose of this research is to determine methodological approaches in terms of appropriateness, materiality of disclosure in non-financial reporting of companies; disclosure of ways of compliance with principles of transparency and accountability regarding sustainability by leaders of the corporate sector selected for analysis; to substantiate directions for the use of best global practice of reporting within domestic institutional environment during the martial law and post-war recovery. Materials and Methods. The methods are induction, deduction, analysis, synthesis, methods of statistical sampling, comparison, expert evaluations, associations, and analogies. Results. The study of non-financial reporting of 11 foreign metallurgical companies has made it possible to establish the problematic aspects of sustainability data regarding relevance and materiality. Variety of methodological approaches of non-financial reporting leads to increased risks for decision-making as regards development strategies and attraction of resources. Conclusions. The research results have proven the hypothesis (H1): unifying the methodology for the formation of indicators and standardizing approaches to the preparation of sustainability reports are the main way to enhance the effectiveness of state regulation and corporate management both in stable situations and in critical conditions of emergency events.