DISCLOSURE OF NON-FINANCIAL INFORMATION IN LARGE BALTIC COMPANIES

Abstract

Non-financial disclosures under EU Directive 2014/95/EU have become significant since 2017 and organizations disclose various areas of corporate social responsibility (CSR) in their non-financial information reports. Researchers have been found to use a variety of methods to assess the level of CSR in companies, and these methods can be adapted to assess the level of disclosure of non-financial information and compare different organizations. The study chose to apply the CSR activities checklist method and calculate the CSR indicator of organizations based on the non-financial responsibility report. The study focuses on large Baltic companies listed on the Nasdaq Baltic Stock Exchange. The results showed that companies disclose only about half of all mandatory CSR information in their non-financial information reports in accordance with EU Directive 2014/95/EU. This reflects the existing problem that, for various reasons, companies do not comply with the mandatory provisions of EU Directive 2014/95/EU.