Sustainability reporting as a tool for corporate social responsibility

Sustainability reporting is an important aspect of corporate social responsibility (CSR), enabling companies to demonstrate their commitment to issues beyond financial performance and profit. The purpose of this study is to analyse business development sustainability reporting and justify its use as an effective CSR tool. During the study, the theoretical foundations of corporate reporting were further developed by clarifying the thesaurus on accounting and reporting. The refinement of the terminology framework was complemented by the justification of updated classification criteria and types of corporate reporting in the context of sustainability requirements. The classification criteria and types of corporate reporting were justified by the following: (1) the type of indicators (financial or non-financial), (2) the standard of non-financial reporting, (3) the areas of disclosure (management, environmental, social or financial), and (4) the type of non-financial disclosure (sustainability information as part of the annual report or a separate sustainability report).