Open AccessDevelopment of Integrated Reporting in Poland
Author(s) -
Bartosz Rymkiewicz
Publication year - 2021
Publication title -
inżynieria mineralna
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.215
H-Index - 9
ISSN - 1640-4920
DOI - 10.29227/im-2021-02-10
Subject(s) - integrated reporting , milestone , business , accounting , quality (philosophy) , corporate social responsibility , sustainable development , corporate governance , public relations , knowledge management , process management , political science , finance , sustainability , computer science , philosophy , archaeology , epistemology , biology , law , history , ecology
Organizational reporting is the most important tool of communication between an enterpriseand its stakeholders. However, it is not a static tool but continues to develop and adapt to ongoingeconomic and social changes. Formerly covering only financial information; currently, it is supplementedby a wide range of non-financial information relating to all aspects of the business. The evolution ofreporting is particularly fostered by the rapid development of the concepts of corporate socialresponsibility and sustainable development, as well as the progressing changes in the information needsof stakeholders. Enterprises are increasingly publishing voluntary reports concerning the social,environmental, and employment aspects of their business in addition to reports required by law. Thisresults in the multiplication of reports and duplication of content, which has a negative impact on thereports' usefulness. The solution to this problem may be integrated reporting, which integrates andinterconnects financial and non-financial disclosures. A milestone for the development of integratedreporting was the elaboration of integrated reporting guidelines by the International Integrated ReportingCouncil (IIRC) in December 2013. The aim of the paper is to present the development of integratedreporting in Poland in 2014-2020 on the example of public companies listed on the Warsaw StockExchange. The quality of reports was assessed from the point of view of compliance with IIRC guidelines,as well as their usefulness for stakeholders. Content analysis of corporate publications and comparativeanalysis was used for this purpose.