MODERN TRENDS AND STANDARDS OF NON-FINANCIAL REPORTING: THE INTEREST OF THE RUSSIAN EXPERIENCE FOR THE REPUBLIC OF BELARUS

There is a hypothesis that non-financial reporting contributes to the adherence of business organizations to sustainable development goals and, accordingly, provides access to «green» (sustainable) financing. The purpose of this article is to analyze current trends in the field of non-financial accounting and reporting, to compare the main systems of non-financial accounting and reporting, to consider the Russian experience in building ESG-infrastructure for its successful implementation in the Republic of Belarus. The current global trend is to take ESG-ratings to a new level due to the fact that more and more organizations are starting to publish their nonfinancial statements, demonstrating commitment (formal or real) to the principles of sustainable development. Since there are a number of controversial issues identified in the article, it seems advisable to continue to develop ESG-practices, but focus on voluntary non-financial reporting.