CONTEMPORARY ASPECTS OF NON-FINANCIAL CORPORATE REPORTING: PUBLIC LAW ASPECT

Abstract

The article examines non-financial corporate reporting as a complex socio-economic phenomenon that 
is becoming particularly relevant in the context of transforming economic development models, increasing 
requirements for business transparency, and deepening European integration processes. It is argued that 
non-financial corporate reporting goes beyond the traditional tool for informing stakeholders and is becoming 
an important means of implementing public administration tasks in the areas of sustainable development, 
corporate integrity, and strategic management. The purpose of the article is to analyze various aspects of non
f
inancial corporate reporting in order to form a comprehensive and systematic understanding of its essence 
and significance for the state. The study uses a comprehensive approach that involves examining non-financial 
reporting through the prism of informational, systemic, legal, managerial, communicative, and conceptual 
aspects. It is shown that, from an information and system perspective, non-financial corporate reporting is viewed 
as the result of the functioning of an enterprise’s accounting and information system, which combines financial 
and non-financial data and creates an information basis for management decisions and public accountability. 
In legal terms, non-financial reporting is interpreted as a form of implementation of regulatory requirements for 
information disclosure and as an element of state regulatory policy, which is gradually transforming from voluntary 
practices to mandatory reporting models. The management aspect reveals non-financial corporate reporting 
as an applied tool for planning, control, risk management, and evaluation of the effectiveness of government 
programs. In terms of communication, reporting acts as a special bridge for interaction between business, society, 
and the state, ensuring transparency, accountability, and feedback. Conceptual analysis confirms the transition 
from a financially oriented reporting model to a comprehensive approach to value disclosure, within which 
the economic, social, and environmental aspects of business activities are considered interrelated.