Standards of Non-Financial Reporting in Polish Companies from the Footwear and Apparel Industry Listed on the Warsaw Stock Exchange

Abstract

Directive 2014/95EU requires large companies or public interest groups to disclose non-financial information. This reporting obligation entered into force for reports for 2017. It is estimated that in Poland ca. 300 entities will be covered by this obligation while earlier only 40 operators submitted such annual reports voluntarily. Hence, apparently a big number of Polish entities submitted non-financial reports for 2017 for the first time ever. The Directive gives operators quite a lot of leeway in selecting the standard for non-financial reporting, however, it stipulates the content that should be included. The paper aims at identifying non-financial reporting standards preferred by companies which did not submit such reports
previously. In writing this paper the following research methods were applied: legal acts analysis, subjectmatter literature analysis, analysis of financial statements and reports of listed companies.