DOI: 10.11118/978-80-7509-820-7-0144

SOCIAL RESPONSIBILITY FOR BANKING INSTITUTIONS

Anna BERÁNKOVÁ, Jana BLAŽKOVÁ, Jana GLÁSEROVÁ, Milena OTAVOVÁ.

The paper is focused on the evaluation of the impacts of the implementation of Directive 2014/95 / EU in terms of the introduction of non-financial information into Czech accounting legislation, specifically the Accounting Act with effect from 2017. The subject of this research are financial institutions, specifically commercial banks based in the Czech Republic. Banks such as public interest entities must operate not only monitor and manage credit risk, which results from their active subject matter, but along with it the risk of longterm sustainability in a comprehensive and consistent. This requirement is fulfilled by the regular reporting of non-financial information by banks. Transparent disclosure of this information should help to eliminate banking risks and creating greater credibility, which is crucial for banks. Trendy sustainability should be fully consistent with the principles of business and commercial activities.
Purpose: The aim of the paper is to evaluate the benefits of the implementation of the Directive in the Accounting Act on the quantity and quality of reported non-financial information by banks operating in the Czech Republic. The paper evaluates and compares approaches to this fact not only for banks that have this obligation, but also for banks that do not have this obligation. There was also a comparison of the reporting rate of nonfinancial information by banks within the Visegrad countries.
Methodology: Based on Directive 2014/95 / EU and the EUKI 2020 database, key indicators in the area of non-financial reporting were identified, for which the level of their reporting by the monitored banks was subsequently monitored. It has established five basic areas, ie. The environment, social issues, employees, respect for human rights and the fight against corruption and bribery. Within individual areas, partial indicators were defined and subsequently monitored. The starting point was the content analysis of banks' annual reports. All banks in the Czech Republic (a total of 48 banks) were analyzed, which were then divided into three basic groupsThese are banks with an obligation to disclose nonfinancial information, banks that are defined as large entities and a group of other banks according to the Accounting Act. After the identification of defined areas and the content analysis of the annual reports, the quantity and quality of non-financial reporting for the monitored groups of banks were evaluated. These results were compared with data obtained from the EUKI database for banks in other V4 countries.
Findings: Significant differences were found between the reporting of non-financial information by banks with the obligation to report, when a growing trend can be noted in the quality and quantity of reported non-financial information. This cannot be confirmed for banks that do not have this obligation. It should be added that some smaller banks, despite their importance, still do not report non-financial information. It was also found that when reporting non-financial information by banks, there is no uniform form and content with regard to the choice of specific indicators. From the results of comparisons within other V4 countries, it was found that in comparison with the Czech Republic, non-financial information is reported in more detail in Poland and Slovakia, but less in detail in Hungary.

Klíčová slova: non-financial information, non-financial reporting, directive 2014/95 / EU, banks, sustainability

stránky: 144-152, Publikováno: 2021, online: 2021