| Abstrakt: |
This article compares and contrasts two financial and non-financial standards, IAS 41 Agriculture and GRI 13 Agriculture, Aquaculture and Fishing to check if they mirror one another and what are the connections or disconnections between them, whether they are complementary or supplementary to one another, otherwise just unrelated. This research is conducted on text-based analysis of density of keywords in the professional standards, as well as a check-up on firms' market capitalisation and revenues, alongside with non-financial reporting data. This argument builds in on the potential association between financial and non-financial demands for companies and how their reported facts impact on society, environment, economic growth and trade-offs. There is a pressure mainly from public institutions for a merger of non-financial and financial data, yet, market reactions and primarily users' needs advance at a difference pace. The conclusion explains that IAS 41 has its own sustainability in-built information capacity on biological assets maintenance, financial sustainability and even well-being of animals, while GRI 13 is definitely more detailed and dedicated in terms of food security, soil health, waste, animal health, economic inclusion and traceability. Despite some greenwashing techniques when reporting, non-financial reporting has a value enhancing effect and will fulfil its role of broadening and improving on decision usefulness. [ABSTRACT FROM AUTHOR] |
