Prospects for the Development of Integrated Reporting Based on the Synthesis of Financial and Non-Financial Information

Abstract

The theoretical and methodological foundations and prospects for the development of integrated reporting of enterprises based on the synthesis of financial and non-financial information in the context of the transformation of corporate reporting and the transition to the principles of sustainable development are investigated. The essence of integrated reporting is revealed as a modern communication tool with stakeholders that provides a comprehensive reflection of the process of enterprise value creation in the short, medium, and long term. The evolution of integrated reporting, its conceptual framework, and its relationship with international standards such as GRI, IIRC, IFRS Sustainability Disclosure Standards, as well as the requirements of the CSRD Directive and ESRS standards are analyzed. The current state of integrated reporting implementation in global and Ukrainian practice is characterized, and the experience of leading companies in disclosing ESG indicators and integrating financial and non-financial data is summarized. The key factors for the development of integrated reporting in Ukraine are identified, including the harmonization of the regulatory framework, digitalization of accounting and analytical processes, development of professional competencies in non-financial reporting, and the application of modern IT solutions (XBRL, Business Intelligence, Big Data). The advantages of integrated reporting for enhancing business transparency, building investor confidence, improving corporate governance systems, and increasing the investment attractiveness of enterprises are substantiated. The main problems of implementing integrated reporting in Ukraine are highlighted, including fragmented legislative regulation, the lack of a unified methodology for integrating financial and non-financial indicators, insufficient digital integration of accounting systems, and a shortage of qualified specialists. Directions for further development of integrated reporting are proposed, which include improvement of methodological and information-analytical support, integration of ESG analytics into enterprise management systems, and the creation of a national platform for the submission of integrated reports.