Economic Consequences of Non Financial Information Reporting

Running head: ECONOMICS
Economics
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2ECONOMICS
Table of Contents
Introduction................................................................................................................................3
Nature of non financial information...........................................................................................3
Reasons for reporting non financial information.......................................................................4
Thee economic consequence of non financial information........................................................5
How non financial information should be reported...................................................................5
Economic consequence of nonfinancial information reporting.................................................6
Conclusion..................................................................................................................................8
Reference list..............................................................................................................................9

3ECONOMICS
Economic consequence of Non financial information report
Introduction
This particular paper is known to discuss about the economic consequences of the non
financial information reposting. The paper also discusses the nature of the economic
consequences and non financial information. It also states the methods of how non financial
information should be reported (Haller, Link & Groß, 2017). The disclosure of non financial
information is termed as a way which is considered for improving the long term performance
as well as competitiveness of the industry. The sustainability reporting is also not only the
report generation from the collected data but it is also a method for internalizing and
improvement of the firm’s commitment for the sustainable development in such a way where
it can demonstrate both external as well as internal stakeholders.
Nature of non financial information
Nonfinancial reporting is the disclosure of the company’s environmental, social and human
rights information. It is also known as the Environmental Social and Governance
information. (ESG). The non financial information mainly includes corporate social
responsibility reporting, green banking disclosure, environment social and governance
reporting and social performance. The non financial reporting is a way for improvement of
risk management as well as long term financial competitiveness. The non financial
information will be helping the people to better understand the activities, opportunities and
challenges. The internal managers as well as external stakeholders use the non financial
information for measuring performance and also make decisions about the firms.
The corporate social responsibility is known as the self regulating business model which
helps the firm for becoming accountable for the public and stakeholders. When companies