Danubius International Conferences, 17th International Conference on European Integration - Realities and Perspectives
Non-financial Reporting as a Catalyst for Sustainability and Transparency of Information in Romanian Companies
Last modified: 2022-05-11
Abstract
Communicating performance and the impact of sustainability by a company only makes sense if it leads to a positive evolution of it by increasing its value in the global capital market, the interest and trust of stakeholders and the transparency of information considered relevant, reputation in the market. Responsibility builds trust between companies and stakeholders. Trust strengthens the validity of the relationship. Stakeholder involvement is essential, GRI supports the involvement of stakeholders in companies and how they provide information on issues they are interested in assessing a company's performance. The paper highlights that GRI standards can be an important benchmark for both companies and investors, and integrated reporting can be a catalyst for transparent, sustainability-oriented reporting in Romanian companies. The research shows that the most important thing is not the report itself, but how companies use the information and observations that come out of the report and how it can be made different for both the companies and the stakeholders.
