Issue №: 1 (71)
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.
TRANSFORMATION OF THE ACCOUNTING AND REPORTING SYSTEM UNDER THE INFLUENCE OF ESG PRIORITIES AND DEVELOPMENT OF CORPORATE STRUCTURES: THEORETICAL ASPECT
KOVAL Natalia – Candidate of Economics, Associate Professor of the Department of Agrarian Management and Marketing, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., е-mail: natkov@i.ua ).
SLOBODIANIUK Serhii – Postgraduate Student of the Second Year of Study of the Department of Accounting and Taxation, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: serhii.slobodianiuk@gmail.com).
The study reveals the factors influencing the development of corporate structures on the process of implementing ESG priorities in the accounting and reporting system, identifying the existing barriers and searching for the effective mechanisms for their integration into modern business practice.
The relationship between the development of corporate structures and the implementation of ESG approaches in the accounting and reporting system is investigated, which allows identifying key challenges and opportunities facing business on the way to increase transparency, responsibility and trust from stakeholders. The article examines three key areas of responsible and sustainable business development, investors' interest in information about ESG, taking into account trends in the development of corporate structures.
The authors note that for modern corporate structures, the implementation of ESG principles is not only a response to external pressure from investors and society, but a strategic necessity that determines sustainable business development, provides access to capital, builds trust in the market and increases the overall value of the company in the long term; present the main components of ESG implementation for corporate structures.
In addition, the article provides an analytical comparison of the terms ESG, CSR, Sustainable development, Impact investing, which are very often used in the context of the implementation of various standards and frameworks. It is noted that the changes in the accounting and reporting system in response to ESG benchmarks have become an important trend for business around the world. They are due to growing pressure from investors, regulators, consumers and society as a whole, who expect transparency, responsibility and sustainable development from companies. The study presents the main key areas of changes in the accounting and reporting system in response to ESG requirements.
The main tasks for the implementation of ESG benchmarks for companies are systematized.
The implementation of ESG (environmental, social and governance standards) gives Ukrainian companies competitive advantages both in the domestic market and abroad. The author identifies and systematizes the challenges of implementing ESG in Ukraine and offers recommendations for overcoming these challenges.
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2. Analiz ESG standartiv: rekomendatsii dlia ukrainskoho biznesu [Analysis of ESG standards: recommendations for Ukrainian businesses]. (2024). Ofis Zelenoho Perekhodu – Green Transition Office. gto.dixigroup.org. Retrieved from: https://gto.dixigroup.org/assets/images/files/GTO%20- %20%D0%90%D0%BD%D0%B0%D0%BB%D1%96%D0%B7%20ESG%20%D1%81%D1%82%D0%B0%D0%BD%D0%B4%D0%B0%D1%80%D1%82%D1%96%D0%B2%202-10.pdf [in Ukrainian].
3. Holovchak, H.V. (2024). Otsinka efektyvnosti ESG-zvitnosti yak instrumentu prozorosti biznesu v umovakh hlobalizatsii [Assessing the effectiveness of ESG reporting as a tool for business transparency in the context of globalization]. Ekonomika ta suspilstvo – Economy and Society, 67. DOI: https://doi.org/10.32782/2524-0072/2024-67-28 Retrieved from: https://economyandsociety.in.ua/index.php/journal/article/view/4708/4649 [in Ukrainian].
4. Hrod, M.I., & Reznikova, N.V. (2023). Tsyrkuliarna ekonomika u kontsepti staloho rozvytku: paradoksy mizhnarodnoho makroekonomichnoho seredovyshcha ta finansuvannia zelenoho zrostannia [Circular economy in the concept of sustainable development: paradoxes of the international macroeconomic environment and financing of green growth]. Naukovyi visnyk Odeskoho natsionalnoho ekonomichnoho universytetu – Scientific Bulletin of the Odessa National Economic University, 7-8 (308-309), 155–166. DOI: https://doi.org/10.32680/2409-9260-2023- 7-8-308-309-155-166 [in Ukrainian].
5. Hudzenko, N.M., Koval, N.I., & Plakhtii, T.F. (2018). Vplyv informatsiinykh potreb korystuvachiv na strukturu ta popovnennia finansovoi zvitnosti [The impact of users' information needs on the structure and completion of financial statements]. Ekonomika, finansy, menedzhment: aktualni pytannia nauky i praktyky – Economy, finances, management: topical issues of science and practical activity, 5.(33), 102–113 [in Ukrainian].
6. Dow Average Gets ESG Boost From Adding Amazon. Bloomberg. bloomberg.com. Retrieved from: https://www.bloomberg.com/news/articles/2024-06- 05/dow-average-gets-esg-boost-with-addition-of-amazon [in English].
7. Koval, N.I., & Slobodianiuk, S.A. (2025). Rozvytok korporatyvnykh struktur ta yikhnii vplyv na orhanizatsiiu obliku i zvitnosti [The development of corporate structures and their impact on the organization of accounting and reporting]. Investytsii: praktyka ta dosvid – Investments: practice and experience, 6, 95–101. DOI: https://doi.org/10.32702/2306-6814.2025.6.95 [in Ukrainian].
8. Maslak, O.I., Hryshko, N.Ie., Yakovenko, Ya.Iu., Pyrohov, A.D., & Dubovyk, O.I. (2022). Tsyrkuliarna ekonomika v Ukraini: ekolohichne, sotsialne ta korporatyvne upravlinnia (ESG) yak instrument stiikosti sotsialno-vidpovidalnoho biznesu v umovakh podolannia pandemii COVID-19 [Circular economy in Ukraine: environmental, social and corporate governance (ESG) as a tool for the sustainability of socially responsible business in the context of overcoming the COVID-19 pandemic]. Visnyk Natsionalnoho tekhnichnoho universytetu «KhPI» (ekonomichni nauky) – Bulletin of the National Technical University «KhPI» (economic sciences), 3, 3–8. DOI: https://doi.org/10.20998/2519-4461.2022.3.3 [in Ukrainian].
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10. Pavlikha, N.V. (2024). Vprovadzhennia ESG ta korporatyvnoi sotsialnoi vidpovidalnosti u konteksti tsyrkuliarnoi ekonomiky: monitorynh efektyvnosti ta problemy prozorosti [Implementing ESG and corporate social responsibility in the context of a circular economy: monitoring effectiveness and transparency issues]. Ekonomika ta suspilstvo – Economy and Society, 68. DOI: https://doi.org/10.32782/2524-0072/2024-68-22 Retrieved from: https://economyandsociety.in.ua/index.php/journal/article/view/4873/4813 [in Ukrainian].
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12. Iatsenko, O.M., Shvydanenko, O.A., & Shvydanenko, H.O. (2022). Tsyrkuliarna ekonomika yak osnova zabezpechennia staloho rozvytku krainy v konteksti yevrointehratsii [Circular economy as a basis for ensuring sustainable development of the country in the context of European integration]. Ekonomika i rehion – Economy and Region, 4 (87), 150–167. DOI: https://doi.org/10.26906/EiR.2022.4(87).2794 [in Ukrainian].
About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).
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The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.
The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
Objectives of the journal:
- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
- expanding partnerships with international scientific publishing organizations;
- enhancing the culture of reviewing and annotating published material;
- adherence to editorial ethics.
Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.
The cost of printing one page in professional editions of the university is 60 UAH.
An additional copy of the magazine with the mailing list costs 450 UAH.
Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "
It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)
According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
