Assess risks and allows them to judge the long-term financial stability of a business on a qualitatively different level. Companies can use non-financial reporting to attract more profitable financial resources, and all stakeholders can use it to make more informed decisions regarding such companies. How to properly disclose ESG information Each company has the right to independently determine the document in which non-financial information will be disclosed, as well as the volume and format of disclosure, depending on the purposes of disclosure, the nature and scale of the business. The Bank of Russia recommends that companies disclose non-financial information in the annual reports of a joint-stock company.
In addition to the annual report, for the publication of non-financial information, a company can choose a sustainability report, an environmental report, a corporate social responsibility report, and Russia WhatsApp Number List other forms of reports that include information on ESG factors. information for the reporting period of 12 months. It is recommended to use the calendar year from 1 January to 31 December inclusive as the period for data disclosure. The regulator recommends disclosing non-financial information in Russian. At the same time, additional disclosure in foreign languages ??will ensure better accessibility of information for all interested parties. If the ESG information includes information and indicators expressed in monetary terms.
It is recommended to indicate them in rubles. It is recommended that the board of directors of the company approve the non-financial report. Companies are encouraged to post non-financial information on the Internet on their website, as well as on the site of an information agency accredited by the Bank of Russia to carry out actions to disclose information about securities and other financial instruments of Russian companies. The period of publication should not exceed the period established for disclosure of the company's annual report. It is recommended that companies provide access to ESG information for at least three years from the date of publication. Groups of companies.