THE REVIEW OF THE EVOLUTION OF INFORMATION IN THE PUBLIC NON-FINANCIAL REPORTS OF RUSSIAN METALLURGICAL COMPANIES

Karagod V.S.1, Golubeva N.A.2, Erokhina E.I.3

1Doctor of Economic Sciences, Professor, The National Research Nuclear University "MEPhI", Russia, v.karagod@yandex.ru 
2Candidate of Economic Sciences, Docent, Peoples' Friendship University of Russia, Russia, golubeva_na@pfur.ru
3Postgraduate, JSC Kommersant, Russia, erokhinaei@mail.ru

Abstract

The evolution of information maintenance of the business practice constructed on the principles of social responsibility and sustainable development of 5 large Russian companies of ferrous metallurgy became the subject of this publication. Due to the growing attention and concern of the civil society to the issues of "green economy" and climate change, occupational safety and production, risk management, energy efficiency, implementation of anti-corruption practices, contribution to the development of the territories of the presence - an a specific plateau of the analysis of public non-financial reporting (hereinafter - PNR) of the companies: PJSC Magnitogorsk Iron and Steel Works (hereinafter - referred to as JSC MMK), PJSC Novolipetsk Steel (hereinafter - PJSC NLMK), PJSC Severstal, JSC Holding The new company "METALLOINVEST" (JSC "HK METALLOINVEST"), United Metallurgical Company JSC (JSC "OMK").

The purpose of the research was to identify the features and patterns of development and implementation of socially responsible business, clarify and systematize the main problem areas in the practice of providing information to stakeholders of Russian metallurgical companies.

Results and practical importance: The obtained results allow drawing conclusions about significant aspects of corporate responsibility from the point of view of Russian companies, about the contribution of business to solving socially significant problems, and the trends in the development of social reporting among Russian flagships of ferrous metallurgy. At the same time, the results of the research are interesting in terms of forming modern ideas about responsible corporate practice and business ethics of Russian business.

Keywords: public non-financial reporting, Russian steel companies


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CITATION: Abstracts & Proceedings of SOCIOINT 2018- 5th International Conference on Education, Social Sciences and Humanities, 2-4 July 2018- Dubai, UAE

ISBN: 978-605-82433-3-0