ONLINE DISCLOSURE OF NON-FINANCIAL INFORMATION IN ROMANIAN LARGE COMPANIES

Adriana SAVA, Monica BOGDAN, Kinga KOCSI

Abstract


Nowadays, all companies are facing increasing demands to prove their commitment to sustainable development and to disclose information about their social and environmental performance. In particular, significant pressure is placed on the European large companies, as they have to start applying the Directive 2014/95/EU on disclosure of non-financial and diversity information. This paper focuses on the companies from Romania that fall under the incidence of this directive, by analyzing what they disclose on their corporate websites in relation to their non-financial performance. Starting from a list of all 680 companies from Romania for which non-financial disclosure becomes mandatory in 2018, the results revealed that only approximately one quarter of them practiced disclosure of non-financial information on their corporate websites in 2017, the last year when non-financial reporting was voluntary for these organizations.


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References


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