THE ROLE OF ESG REPORTING IN THE MODERN ACCOUNTING SYSTEM

The growing importance of sustainable development and corporate social responsibility has significantly increased the role of Environmental, Social, and Governance (ESG) reporting in modern business practices. ESG reporting provides comprehensive information regarding an organization's environmental performance, social responsibility, and corporate governance practices. The purpose of this study is to examine the role of ESG reporting in the modern accounting system and evaluate its significance for stakeholders and sustainable business development. The research employs comparative analysis and a review of contemporary scientific literature and international reports. The findings indicate that ESG reporting enhances corporate transparency, improves risk management, strengthens investor confidence, and facilitates sustainable decision-making. Furthermore, ESG disclosures contribute to long-term value creation and increase the competitiveness of enterprises in global markets. However, challenges related to the lack of standardized reporting frameworks, data collection difficulties, and insufficient professional competencies remain important issues. The study concludes that ESG reporting has become an integral component of modern accounting systems and plays a crucial role in promoting sustainable corporate development.