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Non-financial Reporting Challenges in Monitoring SDG`s Achievement: Investment Aspects for Transition Economy

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  • Yuliia Kornieieva

Abstract

Purpose: The purpose of the article is to reveal and deepen the investment aspects of the methodology for monitoring the achievement of Sustainable Development Goals (SDG`s) in transition countries. Design/Methodology/Approach: The methodological approach of the paper is based on comparative analysis of core investment indicators proposed by main sustainable reporting initiatives. Conducted analysis helped to identify significant differences in methodological recommendations complicating the process of data comparability for VNR`s compiling purposes. Findings: As a part of SDG`s monitoring process reporting challenges include: the use of so-called “SDG-washing” practices in non-financial reporting; selective presentation of facts through the use of “Cherry-picking” practice in non-financial reporting; the difficulty in measuring progress of the entity's contribution to the achievement of the SDGs on the basis of available indicators in the non-financial reporting; a weak corporate governance culture for reporting as in transition economies; the necessity to develop approaches to assess the materiality of information received for investment purposes. Practical Implications: Sustainability investment indicators in non-financial reporting requirements today do not reflect investing in cost-effectiveness in the context of evaluating the progress of the SDG`s implementation. In order to reveal the entity's attempts to use “SDG-washing” and “Cherry-picking” practices is proposed to include an investment priority ratio to the list of economic indicators. Originality/Value: The paper contains a methodology for a new non-financial reporting indicator allowing to evaluate the purpose of enterpeise`s capital investments policy.

Suggested Citation

  • Yuliia Kornieieva, 2020. "Non-financial Reporting Challenges in Monitoring SDG`s Achievement: Investment Aspects for Transition Economy," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 62-71.
  • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:1:p:62-71
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    Cited by:

    1. Dariusz Tworzydło & Sławomir Gawroński & Agata Opolska-Bielańska & Przemysław Szuba, 2024. "Sustainability in Public Relations Campaigns: Diagnosis of the Phenomenon Using the Example of PR Industry Research in Poland," Sustainability, MDPI, vol. 16(10), pages 1-12, May.
    2. Michele Andreotti & Carlo Brondi & Davide Micillo & Ron Zevenhoven & Johannes Rieger & Ayoung Jo & Anne-Laure Hettinger & Jan Bollen & Enrico Malfa & Claudio Trevisan & Klaus Peters & Delphine Snaet &, 2023. "SDGs in the EU Steel Sector: A Critical Review of Sustainability Initiatives and Approaches," Sustainability, MDPI, vol. 15(9), pages 1-23, May.
    3. Elías Domingo‐Posada & Pilar L. González‐Torre & Marta M. Vidal‐Suárez, 2024. "Sustainable development goals and corporate strategy: A map of the field," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2733-2748, July.
    4. Buil, Pilar & Sanjurjo-San Martin, Elena L. & Alfaro-Tanco, José A., 2024. "Dissemination analysis of SDGs in sustainability reports to enhance corporate communication strategy," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    5. Matteo Trane & Luisa Marelli & Alice Siragusa & Riccardo Pollo & Patrizia Lombardi, 2023. "Progress by Research to Achieve the Sustainable Development Goals in the EU: A Systematic Literature Review," Sustainability, MDPI, vol. 15(9), pages 1-37, April.
    6. Johnsson, Filip & Karlsson, Ida & Rootzén, Johan & Ahlbäck, Anders & Gustavsson, Mathias, 2020. "The framing of a sustainable development goals assessment in decarbonizing the construction industry – Avoiding “Greenwashing”," Renewable and Sustainable Energy Reviews, Elsevier, vol. 131(C).

    More about this item

    Keywords

    Non-financial reporting; sustainable reporting initiatives; core indicators; Sustainable Development Goals (SDGs); sustainability monitoring; transition economy.;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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