ASSESSMENT OF CRS DISCLOSURES IN THE BUSINESS ENTITY’S ANNUAL REPORT IN THE LIGHT OF APPLICABLE LEGAL REGULATIONS ON THE EXAMPLE OF ENEA CAPITAL GROUP IN 2016-2017
Background: As a result of the demand for information regarding mutual relations between the business entity and the environment, socially responsible accounting has been established and the concept of corporate social responsibility appeared. Among the many issues of interest to socially responsible accounting, there are the following ones can be mentioned: social and employee-related, environmental, respect for human rights, counteracting bribery and corruption. In Poland, there has long been a statutory obligation to disclose a certain minimum of information mainly in the non-financial area about CSR as part of the annual report, although, until December 2017, this obligation concerned only a small group of business entities in Poland, and the scope of disclosures was minimal. In December 2017, the provisions of Directive 2014/95/EU on the disclosure of non-financial information and on diversity (implemented in the Accounting Act) became applicable. As a result, the group of entities covered by this obligation increased, as well as changes in the scope of CSR disclosures in the annual report. The purpose of the paper is to analyze and assess CSR disclosures in the Enea Capital Group’s statement for 2016 (before the entry into force of the provisions of Directive 2014/95/EU) and for 2017 (after the entry into force of the Directive 2014/95/EU) .
Methods: The authors used the method of meta-analysis of the literature and the method of analysis, deduction and synthesis of information contained in the Enea Group annual reports for the years 2016-2017.
Results: The authors analyzed and assessed the CSR disclosures in the annual report provided by economic entities in Poland in terms of applicable legal regulations (before and after the entry into force of the provisions of Directive 2014/95/EU). The research was carried out on one of the leading producers of electricity in Poland – the Enea Capital Group. The study period covers the years 2016 and 2017 and was chosen deliberately to present changes in the type and form of disclosures in the light of the provisions of Directive 2014/95/EU. The authors noted an increase in the scope of CSR disclosures in the annual report and changes in the form of disclosures in this company over the analyzed period.
Conclusions: The authors positively assess the changes introduced by Directive 2014/95/EU in relation to the scope of CSR disclosures in business entities, although point to a few aspects, such as the fact that only a small group of business entities in Poland is covered by the obligation to disclose CSR in the annual report. Therefore, the authors specify that even more detailed rules of disclosing CSR issues in binding legal regulations should be introduced.
Keywords: socially responsible accounting, corporate social responsibility, annual report, non-financial information
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