RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

262 RESPONSIBLE ENTREPRENEURSHIP
Africa, where a relatively high proportion of reports published in accordance with the standards
that is different from the GRI Guidelines (32,4 and 46.9 per cent respectively).
Diagram 2: Top-30 countries in terms of disclosure in sustainable development area (Sustainability
Disclosure Database)
It is noteworthy that the activity of Russian companies to publish reports on sustainable
development has increased dramatically in 2011 (Diagram 3). The graph also shows how the
level of disclosure decreased in 2009, which is a consequence of the economic crisis of 2008,
which resulted in the activity of companies in CSR has faded into the background.
Diagram 3: The increase in the number of Russian companies that publish social reports,
2003-2012 (Sustainability Disclosure Database)
In general, the quality of reporting in Russia is in line with global trends: a fairly large
proportion (18%) have the highest report application level of GRI Guidelines. It is A+, and
the world the share of such reports is 21%. The most popular level of implementation in Russia
is the level of B+. Its share in Russia among all the reports is 25%. Global reports B+
make up only 12% of all reports, and the most popular are the levels B and A+. In the U.S.,
in connection with the distribution of the standards of reporting which differ from GRI, the