Integrated reporting as a tool for disclosure of additional information of financial institutions

Abstract

The relevance of the study is determined by the critical importance of integrated reporting in the modern globalized business environment. Integrated reporting provides a holistic view of financial institutions' performance, including financial, production, human, intellectual, natural and social capital. This approach enables financial institutions to predict performance, manage risk and ensure sustainable growth in the face of challenges such as climate change and reallocation of resources. The aim of the article is to structure the stages of the historical development of integrated reporting by organizing established approaches and significant events according to each defined stage. The article highlights the evolution of integrated reporting, focusing on its role in unifying reports that align with the long-term strategies of financial institutions. In addition, the publication contrasts stakeholder capitalism with sustainable development capitalism. The research methods include, in particular, theoretical research methods: literature review (analysis of existing theoretical foundations and concepts); grouping, systematization, comparative analysis; historical contextualization, empirical research methods: analysis, data synthesis (combining qualitative and quantitative data from different sources to gain insight into the effectiveness and challenges of integrated reporting), generalization, observation, and description. The study results showed that integrated reporting is essential for corporate transparency, combining financial and sustainability information to provide a holistic view of organizational performance and value creation. The conclusions emphasize the importance of understanding historical milestones in the development of integrated reporting for understanding the current landscape and future trends in corporate reporting. Future research prospects into the historical development of integrated reporting could examine its impact on corporate transparency, stakeholder decision-making, the implementation of global standards, and its role in promoting sustainable business practices.