The concept of accounting and analytical support for sustainable business development management

The article proposes the conceptual foundations of accounting and analytical support for managing the sustainable development of business entities. It also offers comprehensive proposals for reporting on the achievements of these entities. The accounting system for sustainable development, based on the principle of the Global Reporting Initiative, is not just unique and important, but it is also comprehensive. It provides information for strategic business planning, performance measurement, and active public involvement in the dialogue on quality of life and sustainable development at different levels – national, regional and corporate. The system’s advantage lies in its ability to use conventional accounting tools, such as financial reports, to measure and report on socio-ecological-economic development. It is a subsystem of the three areas of sustainability – economy, society and environment, and includes various types of data that can be combined into systemic indicators. The author’s own scheme of the concept of accounting and analytical support for the management of sustainable business development is proposed, which is based on the vision of the need for an integrated approach to the collection, processing, analysis and use of information for decision-making aimed at achieving sustainable development of the company. This concept considers the social, environmental and economic areas of the organization to ensure a balance between profitability, social responsibility and environmental protection. It is determined that integrated reporting should be prepared based on the most common and well-developed practices that have been described in relation to international GRI standards. The implementation of these practices in the operations of Ukrainian enterprises will create a database for the development of strategies for managing sustainable development and providing them with appropriate financial and other resources. Keywords: sustainable development management, integrated reporting, environmental accounting, social accounting, Global Reporting Initiative (GRI).