Sustainability Reporting in the Banking Sector Cover Image

Репортингът на устойчивостта в банковия сектор
Sustainability Reporting in the Banking Sector

Author(s): Sevgi Osman
Subject(s): Financial Markets
Published by: Съюз на учените - Варна
Keywords: sustainability reporting; banking industry; frameworks; standards; principles; codes of conduct; harmonization

Summary/Abstract: Adequate disclosure of sustainable development - a concept that is extremely important for companies across sectors - provides the opportunity to track progress and achievements in this direction. In recent years, there has been significant growth in initiatives to improve accountability. Considering the role of the financial sector for the whole economy and society and the growing environmental care, the provision of non-financial information by banks is also an extremely important task for them. But the numerous overlapping frameworks, principles, standards, etc., the lack of a standardized approach and generally accepted practice in this area leads to a decrease in transparency. Therefore, there is a need to harmonize existing practices for more sustainability reporting and / or updating in line with the latest sectoral requirements.

  • Issue Year: 7/2018
  • Issue No: 3
  • Page Range: 37-47
  • Page Count: 11
  • Language: Bulgarian