THE IMPACT OF THE SUSTAINABLE DEVELOPMENT’S EXIGENCIES ON THE NON-FINANCIAL REPORTS TO THE ECONOMIC ENTITIES IN THE BANKING SYSTEM

Maria Mădălina Bogeanu Popa and Mariana Man
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Maria Mădălina Bogeanu Popa: University of Craiova Faculty of Economics and Business Administration
Mariana Man: University of Petroşani Faculty of Science

Annals of University of Craiova - Economic Sciences Series, 2019, vol. 2, issue 47, 53-64

Abstract: This paper studies whether the exigencies of the sustainable development are integrated within the accounting model and what impact this fact has on the employees, partners and beneficiaries of the economic entity from the banking system. The integration of the non-financial information within the annual reports has become an indispensable component within the economic entities especially the banking system with this reporting model being found under the name of integrated reporting. The need of integrated reporting within the banking system is justified by presenting the economic activity and the management of the business with time. The paper contains a case study of Raiffeisen Bank J.S.C. made based on the data from the Annual Report of 2018. The research has been made regarding the way information of non-financial nature responds to the sustainable development’s exigencies and targets environmental, social and personnel aspects. The way this bank’s activity satisfies the requirements of the sustainable development and how these aspects are integrated within its own accounting model is being presented. Regarding the personnel aspects, through the annual reports it has been shown that with the help of the entity’s policy the employees are encouraged and supported to actively involve in actions of social responsibility. By conducting the sums of money in investments meant to support the local community’s development, the banking society takes on numerous actions in this direction.

Keywords: integrated reporting; non-financial information; accounting model; banking system. (search for similar items in EconPapers)
JEL-codes: M14 M41 (search for similar items in EconPapers)
Date: 2019
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