Management Theory and Studies for Rural Business and Infrastructure Development, Volume 34

Current level and transformation of the corporate reporting of the mining companies

Татьяна Пономаренко, Игорь Сергеев

Abstract

Realization of the concept of a sustainable development in the conditions of state regulation strengthening in ecological and social spheres raises quality of the socially-focused activity of the companies and stimulates a choice of new business models. The developed corporate reporting doesn't give the sufficient information for an all-round estimation of productivity of the company now and in the long term, its transformation therefore is necessary. The research objective consists in approach development to formation of not financial reporting, quality of management decisions providing growth. Object of research: the large companies in sector of mineral fertilizers: the Russian company "PHOSAGRO" and multinational companies "EuroСhem" and «Yara». Results: it is proved that not financial reporting is directed on control system perfection, necessity of application of the international standards under the social reporting in the Russian conditions is shown, is established that the corporate reporting of the large companies meets the international requirements.

JEL code – M14.

Keyword(s): corporate social responsibility, the integrated reporting, the mining companies, a sustainable development


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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.