Analysis, assessment and monitoring of non-financial risks based on corporate reporting data
Abstract The relevance of the research topic is determined by the novelty of the problem, as well as the exceptional importance of assessing and monitoringenvironmental, social and governance non-financial risks to ensure the sustainable development of companies and increase the financial effectiveness of their activity. Within the framework of the study, a system of quantitative and qualitative indicators of non-financial risks has been developed. The assessment of indicators is carried out according to the corporate reporting of entities, taking into account their industry specifics. Since the oil and gas sector is a priority for the Russian economy, oil and gas companies were selected as the object of the study. An assessment of the non-financial risks of PJSC LUKOIL was carried out according to its corporate reportingfor 2020-2022 to test the proposed methodology.
Keywords: corporate reporting, non-financial risks, environmental risks, social risks, management risks, oil and gas sector, non-financial reporting.
Highlights:
♦ the definition of corporate reporting has been specified;
♦ a system of indicators for assessing environmental, managerial and social risks of oil and gas sector enterprises is proposed, taking into account their industry specifics;
♦ the approbation of the indicator system developed as part of the study was carried out using the example of PJSC LUKOIL.
Victoriia V. Kozhukhova - Samara State University of Economics, Samara, Russia