| Anotācija |
During the years business landscape has changed, and the information needed to evaluate performance of the company also changed. Nowadays only considering companies past financial results and financial outlook it is not enough, because with this information company cant adequately capture ability to respond to todays challenges or create value. Instead, modern enterprise future success depends on how well company holistically navigate the social, environmental, and economic factors which affects their business. Moreover, the global financial crisis also has revealed the need for a new economic model that would protect the business, investors, employees and the public from the next series of deeper crises. Therefore, integrated reporting is new breath in the world of finance and the companies which do not afraid of innovations it is a chance to expand their capabilities.
Increasingly beneficiaries of reports such us investors, suppliers, assurance providers, social communities and others are expected to get information in the report not just on profit but on companies impact on the wider economy, society and the environment. Integrated reporting gives an opportunity for them to have a closer view of an organizations activities and performance in this broader context.
The object of the Masters Thesis is clothes retail company Apranga.
The subject of this work is creation of Integrated Reporting Model involving social, environmental and governance factors.
The goal of Masters Thesis is to analyze existing economic, social, environmental and governance performance assessment models and to develop an Integrated Reporting Model that could be used by companies.
In the 1st chapter of Masters Thesis the Author describes the importance and concept of the Integrated reporting, provides lexicoghaphical analysis of this term. Moreover, the Author of Master Thesis in this part analyzes the challanges and benefits related with use of Integrated reporting and defines users and beneficiaries of this reporting type. As well defines the connection between the sustainable development and the Integrated Reporting.
In the 2nd chapter the Author of Masters Thesis analyzes stakeholder theory importance in the Integrated Reporting, groups and summarizes main social, environmental and governance performance assessment models and theories, and provides basic Integrated Reporting requirement prepared by international Integrated Reporting Council, International Corporate Governance Network and Global Reporting Initiative. Further, Author of Master Thesis develops research methodology and forms Integrated Reporting model which involves various financial ratios analysis, Rao et al Environmental Performance and Management Evaluation Model, Steg et al. Social Performance Assessment model and Corporate Governance principles in order to asses companies financial and non-financial performance.
In the last, 3rd chapter, the Author of Masters Thesis describes the results obtained by applying the new Integrated Reporting model and evaluating Lithuanian clothes retail companies Apranga financial and non financial performance. |
