IMPORTANCE OF SOCIAL AND SUSTAINABILITY REPORTING IN ENSURING TRANSPARENCY AND DISCLOSURE
IMPORTANCE OF SOCIAL AND SUSTAINABILITY REPORTING IN ENSURING TRANSPARENCY AND DISCLOSURE

Summary/Abstract: Information availability and disclosure from companies allows not only providing the society with information, but it also gives the opportunity to address different socially negative phenomena which have become international problems, in economics, politics and social area. The authors of the paper investigate the importance of sustainability reporting and related issues of corruption. Our research shows that in Europe, more than four of ten companies consider that corruption obstructs entrepreneurship. Information availability and disclosure are those principles that allow avoiding corruptive situations and relations. Transparency is bound with the public informing and educating about corruption preventing. Application of social accounting principles should be encouraged based on the standards of the Global Reporting Initiative (GRI).

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