CORPORATE SUSTAINABILITY WITH FOCUS ON HR, REPORTING AND FINANCIAL PERFORMANCE

Purpose: Reason for the paper is to build a theoretical background and to compile literature review on Sustainable Corporate Responsibility (SCR). Design/methodology/approach: The objectives are achieved through thorough exploration of the most current scientific research and academic papers. The literature review was conducted with the use of mixed research techniques where the authors were collecting and analysing both qualitative and quantitative data. The subject scope and the research problem are represented by corporate sustainability (focused on HR) and its nonfinancial disclosure. Firstly, the authors reviewed CSR/sustainability and reporting research. Secondly, the review sought to find answer to the research question of whether responsible behaviour (towards HR) of reporting organizations is in correlation with their higher financial performance and appreciation. Findings: Positive correlation has been found between corporate (social) sustainability (oriented on HR) and increased financial performance as well as appreciation of shares of the sustainable reporting entities. Research/practical implications: Implications for practitioners and companies: sustainable behaviour, social liability (towards HR) and their reporting are recommended as the discussed studies bring proof of their positive impact on financial performance. For researchers: the evidence brought can inspire further research in order to collect more support for the findings. Originality/value: The original contribution of the paper is its focus on sustainability within human resources (HR) and their management. The main added value is the up-to-date sustainability literature overview.