UDC: 336.71
https://doi.org/10.25198/2077-7175-2019-6-41
MODERN TRENDS AND CREATION OF THE CONDITIONS FOR FORMATION BANK'S REPORTING IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT CONCEPT
K.V. Dudko
Rostov State University of Economics, Rostov-on-Don, Russia
e-mail: kseniya.dudko3@yandex.ru
Abstract. Currently, the problems of sustainable development are given special attention, both by economists and scientists. Sustainable development of the banking system as a whole, and in particular the application by commercial banks of the principles of the concept of sustainable development in their activities, is an urgent problem.
The trend of disclosure of information on non-financial indicators is characteristic of large commercial banks, while the conditions for strategic development dictate the need for disclosure of information on non-financial assets of medium and small banks.
The banking system is positioned as a segment of the state financial support, while the social role of banks continues to remain low. Social and environmental responsibility of banks should become an integral part of the activity and form a system of methodological support for reporting by commercial banks.
The formation of a methodology for reporting on sustainable development is an objective necessity, which confirms the relevance of the chosen research topic.
The relevance of the study is dictated by modern conditions that determine the activities of banks. Sustainable development and transparency of activities in the social and environmental sphere is determined by the requirements of international regulatory documents, initiatives and forms a policy in this area within the country.
The methods of scientific research and system analysis are used in the work. To reflect the results, the synthesis method was used, which made it possible to assess the main methodological approaches to reporting on sustainable development in the Russian and foreign scientific fields.
The study allows us to determine the modern requirements for reporting on sustainable development, which are formed on the basis of international approaches to this problem and to analyze the features of reflection of social and environmental achievements within the framework of published reports by commercial banks.
The results of the study allowed us to consider the targets for reporting on sustainable development and determine the criteria for information disclosure. The article discusses the conditions of the methodological approach of bank involvement in achieving sustainable development goals.
The article proposes criteria for sustainable development in the context of the reflection in the bank statements. It is noted that the concept of sustainable development can be formed in internal and external orientation, which, accordingly, determines the need to develop evaluation criteria for each segment of the banking business.
Keywords: sustainable development, conception, sustainable development goals, banking, conditions, criteria, strategic goals.
