@article{petre2021analysis,
  title = {Analysis of Corporate Social Responsibility Aspects Included in The Integrated Reports at OMV Petrom Group},
  author = {Carmen Florentina PĂUNESCU (PETRE) and Mariana MAN},
  year = 2021,
  url = {https://ibimapublishing.com/articles/JEERBE/2021/636266/},
  journal = {Journal of Eastern Europe Research in Business and Economics},
  volume = 2021,
  pages = 13,
  doi = 10.5171/2021.636266,
  abstract = {The need to make future-oriented rather than past information available to users has arisen due to the competitive environment and in the context of accelerating the globalization process. Organizations are required to develop new strategies to remain competitive in the long term. Organizations are encouraged to integrate and get involved in social responsibility issues. Regulating the information provided by organizations is an important step in reducing their asymmetry, by identifying the types of information that stakeholders need. The regulation of financial-accounting information has four main qualitative characteristics such as intelligibility, relevance, credibility and comparability. In order to effectively respond to these global issues and the requests of the interested parties, the reporting of non-financial information must be harmonised and interconnected with the financial reporting, Ienciu, I.A., et al., (2014). The result of these harmonisations and interconnections is materialised in what we call the integrated reporting of organisations. In this paper one presents a study on how the OMV Petrom Group has identified the aspects of corporate social responsibility, prioritised them and integrated them into the business strategy and integrated reporting. The novelty brought consists in the holistic approach on the current and future performances of the organisation, which exceeds the limits of the historical financial information. At the same time, the study sets to identify the challenges that the OMV Petrom Group dealt with during the implementation of integrated reporting according to international integrated reporting standards. Once these challenges have been identified, we suggest some best practice recommendations that should be addressed in providing non-financial information through integrated reporting.

JEL classification: M41, M14, G43},
  keywords = {corporate social responsibility, non-financial information, integrated reporting.},
  note = Article ID: 636266
}