FORMATION OF THE SYSTEM OF FINANCIAL-INFORMATION SUPPORT OF ENVIRONMENTALLY-ORIENTED MANAGEMENT OF THE ENTERPRISE

• Published in: Fìnansovo-kreditna dìâlʹnìstʹ: problemi teorìì̈ ta praktiki (Online) 2021-01, Vol.1 (32), p.434-443
• Main Authors: L. M. Akimova, O. O. Osadcha, V. V. Bashtannyk, N. M. Kondratska, K. M. Fedyna
• Format: Article
• Language: English
• Subjects: environmental safety; environmentally oriented management; financial information system; non-financial reporting; sustainable development
• ISSN: 2306-4994; 2310-8770
• DOI: 10.18371/fcaptp.v1i32.200606

The relevance of the study is due to the need for changes in the methodology and organization of financial and information support for the activities of business entities taking into account modern socio-economic transformations. It has been established that awareness of limited resources and the introduction of programs for their conservation, ensuring the harmonious development of mankind has an impact on the conduct of economic activity. In addition, the need for systematic research aimed at creating modern information support for an environmentally-oriented enterprise management system is maximally connected with the need for close cooperation with international financial organizations, among which are comparability and objectivity of indicators. This confirms the importance of reflecting the above trends in the accounting methodology — a system that generates information about the results of an enterprise. The article substantiates that the formation of a modern system of financial and information support for business activities aimed at the conservation and rational use of natural resource potential at the micro level will minimize financial risks associated with environmental changes, and at the macro level it will help to achieve the goals of environmentally sustainable development and implementation of state programs environmental safety of Ukraine. The main global forms of non-financial reporting are analyzed, as well as the domestic Management Report for the publication of information on environmental aspects of economic activity. Given the recommendations of the International Federation of Accountants on the dissemination of the use of integrated reporting, considerable attention is focused on the study of the reflection in it of the environmental components of the enterprise. It was found that based on integrated reporting, not only climate change strategies are formed, but also information on how climate change affects the enterprise’s business strategy and its ability to create value. Thus, integrated reporting formalizes the process of building strategies. Building an enterprise management system based on long-term strategies will not only reduce climate risks, but also create better models for building business structures, increase the stability of capital markets and global financial stability. It is proved that the development of modernization tools for the domestic financial accounting system, the introduction of environmentally oriente