NON-FINANCIAL REPORTING: THE CASE OF THE CZECH REPUBLIC

The rhetoric surrounding the benefits of CSR policies for stakeholders is generally well known. Nowadays, it occupies a prominent position in discussions on how to include non-financial indicators in reports on financial stability indicators. In April 2014, the EU adopted a directive, according to which, large companies with more than 500 employees would have to issue reports on their Social Responsibility activities within the context of non-financial reporting. For Czech companies, it is likely that this requirement will take effect from 2017. The use of CSR standards is a voluntary step for a company to take when introducing new ways of communication with stakeholders. It also helps companies to define their position in relation to CSR. The paper identifies and analyses the reporting and standards in the area of CSR from the point of view of the conditions pertaining in the CR. The outcomes of this paper may be predictions as to the prospects for non-financial reporting in the CR, as pragmatic arguments prevail within the business community.