Non-financial information
Non-financial information refers to the qualitative and quantitative information regarding the policies and strategies used by businesses. It contains valuable insights that help a company accomplish its objectives. Examples are sustainability, balanced scorecard, corporate social responsibility reporting, and many others, which help in the development of the organizations. It is mandatory for many countries like Belgian for every company to do non-financial reporting
Non-financial information has several benefits for any company. First, investors use it to measure the performance of the business. Second, measure and manages sustainability performance. Lastly, it improves internal organization and provides awareness to the employees. The costs involved in non-financial information are proprietary. Notably, the prices of documenting the info are high due to the complicated process used in gathering and reporting.