Subject. This article examines the key aspects of developing a systems approach to sustainability reporting. Objectives. The article aims to identify the challenges faced by organizations in the preparation of ESG reporting, reveal the content of key constraints in the preparation of sustainability reporting, and offer practical recommendations for the successful implementation of a systems approach to building a reporting system for sustainability indicators. Methods. For the study, we used analysis, synthesis, comparison, and generalization. Results. Identifying key standards and trends in the regulatory practice of preparing reports in the field of sustainable development, as well as emphasizing the importance of transforming approaches to reflecting data on sustainable development and the convergence of existing provisions and recommendations, the article reveals discrepancies in the terminology used in the preparation of non-financial reporting, and the underdevelopment of its institutional framework. The article also presents the results of the analysis of the approaches of the International Initiatives EFRAG, GRI, TNFD, CDP, IFRS in the coordination of operational approaches to institutional coordination of actions, as well as the approach of soft regulation of the reporting process considering the Russian Federation as a case study. Conclusions. Dynamically evolving in the last decade, sustainability reporting takes into account the needs of a wide range of stakeholders. The creation of a unified database of indicators in the field of sustainable development is a factor that contributes to the acceleration of the implementation of a wide range of recommendations and initiatives into world accounting practice, as well as mitigates the risks and costs of economic entities that have chosen the path of sustainable development.
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