Sergiy Legenchuk
-
1 publications
-
2 downloads
-
9 views
- 446 Views
-
0 books
-
Sustainability reporting assessment for quality and compliance: the case of Ukrainian banks’ management reports
Inna Makarenko , Victor Sukhonos , Iryna V. Zhuravlyova , Sergiy Legenchuk , Olga Szołno doi: http://dx.doi.org/10.21511/bbs.15(2).2020.11Banks and Bank Systems Volume 15, 2020 Issue #2 pp. 117-129
Views: 1185 Downloads: 184 TO CITE АНОТАЦІЯManagement report is a new form of sustainability reporting (SR) in Ukraine, and its assessment for quality of environmental, social and governance (ESG) criteria disclosure and compliance among banks plays a crucial role for auditors in the verification process. The Quality and Compliance Bank Management Reports (Q&C BMR) Index methodology was developed for this purpose. The methodology includes a range of formal, content, assurance and disclosure scorings. According to the results of a continuous assessment of these management reports of 75 state, private and foreign-owned banks in Ukraine for the 2018 fiscal year, the average Q&C BMR Index is 61.2%. This indicates a fairly high level of quality and compliance with regulatory requirements for disclosure by banks of Ukraine in their SR. Differentiation of the studied population of banks in terms of Q&C BMR Index allowed distinguishing the following rating groups: А – leaders, B – pursuers, C – starters, and D – outsiders. There is a clear trend in the relationship between the ownership of a bank and its Q&C BMR index. Despite the rather high average value of the index, there is an opportunity to improve Ukrainian banks’ SR in the context of its further standardization and disclosure of the full set of ESGs – a criterion for all rating groups (especially C and D). Q&C BMR Index can be used as a benchmark by banks, regulators and auditors when comparing the level of disclosure by banks and their transparency.
Acknowledgment
The comments of an editor and anonymous referees have been gratefully acknowledged. Inna Makarenko gratefully acknowledges financial support from the Ministry of Education and Science of Ukraine – Corporate Social and Environmental Responsibility for Sustainable Development: Partnership of Stakeholders in the Real, Financial and Public Sectors of the Economy (0117U003933).
-
11 Articles
-
3 Articles
-
1 Articles
-
1 Articles