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INTERCARSCurrent Report No. 21/2020POLISH FINANCIAL SUPERVISION AUTHORITY Current Report No.Date:21/2021November 4th 2021Abbreviated issuer name: INTERCARS Subject: Execution of annex to syndicated
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Non-financial reports in investor relations are documents that communicate a company's performance and prospects beyond just financial metrics. These reports often include insights into environmental, social, and governance (ESG) factors, corporate social responsibility (CSR) initiatives, and overall sustainability strategies.
Typically, publicly traded companies and certain large private companies are required to file non-financial reports. Regulations may vary by jurisdiction but often include companies that meet specific revenue or asset thresholds or those operating in industries with heightened public scrutiny.
To fill out non-financial reports, companies should gather relevant data pertaining to their ESG performance, CSR activities, and governance structures. They should follow applicable reporting frameworks, such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), or the Integrated Reporting Framework, ensuring transparency and clarity in their disclosures.
The purpose of non-financial reports is to provide investors with a broader understanding of a company's risk management, sustainability practices, and long-term value creation. They help to build trust, enhance corporate reputation, and meet the growing demand from stakeholders for non-financial information.
Non-financial reports should include information on environmental impact, social responsibility initiatives, governance practices, metrics on diversity and inclusion, supply chain sustainability, stakeholder engagement, and any risks related to ESG factors that the company faces.
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