Mittefinantslike

Mittefinantslike is Estonian for non-financial, used to describe aspects of a company or organization that are not expressed in monetary terms. It contrasts with finantslike information such as revenue, profit, assets, and liabilities. In corporate reporting and governance, mittefinantslike information typically covers environmental, social, and governance (ESG) factors, but can also include other performance indicators that are not easily translated into money, such as brand value, culture, or risk exposure.

Mittefinantslike reporting complements financial statements by providing a fuller picture of value creation, resilience, and long-term risk. It often includes qualitative descriptions and quantitative metrics, such as greenhouse gas emissions, energy use, gender diversity, employee safety, data privacy, and board independence. This information helps investors, regulators, and other stakeholders assess sustainability and long-term prospects beyond short-term financial results.

There are several frameworks guiding mittefinantslike information: the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and related IFRS sustainability standards, the Task Force on Climate-related Financial Disclosures (TCFD), and integrated reporting approaches. In the European Union, non-financial reporting requirements originated with the Non-Financial Reporting Directive and are expanding under the Corporate Sustainability Reporting Directive (CSRD). The aim is to improve transparency and enable comparison across entities and jurisdictions.

Challenges include fragmentation of standards, varying measurement methods, and difficulties comparing data. Effective mittemfinantslike reporting supports informed decision-making by investors, employees, customers, and regulators and complements financial reporting in assessing long-term value and risk.