This study investigated the impact of sustainability reporting on financial performance, with a focus on companies in the Turkish food, beverage and tobacco and textile, wearing apparel and leather sectors. The sustainability reports of 48 companies listed on the Istanbul Stock Exchange for 2022 were studied, and the quality of sustainability practices was determined by using a general index (Sustainability Reporting Disclosure Quality Index (SRDQI)) and three partial indices (Environmental Disclosure Quality Index, Social Disclosure Quality Index, and Corporate Governance Disclosure Quality Index (CGDQI)). To analyze the relationships between financial performance and sustainability practices, two types of regression models were developed, based on which eight models were directly examined. The results indicate the complete absence of a statistically significant impact of SRDQI on all financial performance measures used. Among the partial indices, only CGDQI has a significant positive effect on the Assets Turnover Ratio. An analysis of the influence of control variables shows a multidirectional dependence of individual financial performance measures on the size of companies, their age, industry affiliation, as well as on the structure of capital used. Finally, this study provides directions for improving the institutional environment of sustainability reporting for Turkish companies.

Climate challenges in recent decades have forced a change in attitude towards forms of environmental interaction. The International Climate Conference COP26 evidences the relevance of the climate issue at the global level in Glasgow (November 2021). A decrease in natural energy resources leads to a search for alternative energy sources. Given this, this article is devoted to studying the peculiarities of the transition to climate management of the green energy transmission chain based on the circular economy and smart technologies. This paper has used simulation modeling to develop an algorithm for applying a smart approach to climate management of the green energy transmission chain based on the work of Industry 4.0 technologies. The result of this modeling will be the importance of strengthening the ability to develop intersectoral partnerships to create climate-energy clusters based on a closed cycle of using energy resources and developing smart technologies. At the same time, it has been found that COVID-19 has changed the behaviour of energy consumers towards the transition to the use of energy from renewable sources that are carbon neutral. With this in mind, this article has assessed the climate capacity of industries to use green energy from renewable sources based on resource conservation (rational use of energy resources) and climate neutrality. The industries of Ukraine, which are the largest consumers of energy and, at the same time, significantly affected by climate change, were taken for the study: industry, transport, and agriculture. The methodology for determining the indicator of the climate capacity of sectors in the transition to green energy has been based on the correlation index (ratio) of the consumption indicator of various types of energy by industries (petroleum products; natural gas; biofuels and waste; electricity) and the indicator of gross value added of industries in pre-COVID-19 and COVID-19 conditions. The results have indicated that the use of energy from renewable sources (biofuels and waste) for the production of goods and services, as well as the economical nature of the provision of raw materials (biomass and faeces) are factors that ensure climate industry neutrality and enhance its climate capability. The prospects of such effects of assessing the climate capacity of sectors will be the basis for the rationale to develop intersectoral partnerships to create climate-energy clusters based on a closed cycle of using energy resources and developing smart technologies.

This study investigated the impact of sustainability reporting on financial performance, with a focus on companies in the Turkish food, beverage and tobacco and textile, wearing apparel and leather sectors. The sustainability reports of 48 companies listed on the Istanbul Stock Exchange for 2022 were studied, and the quality of sustainability practices was determined by using a general index (Sustainability Reporting Disclosure Quality Index (SRDQI)) and three partial indices (Environmental Disclosure Quality Index, Social Disclosure Quality Index, and Corporate Governance Disclosure Quality Index (CGDQI)). To analyze the relationships between financial performance and sustainability practices two types of regression models were developed, based on which eight models were directly examined. The results indicate the complete absence of a statistically significant impact of SRDQI on all financial performance measures used. Among the partial indices, only CGDQI has a significant positive effect on the Assets Turnover Ratio. An analysis of the influence of control variables shows a multidirectional dependence of individual financial performance measures on the size of companies, their age, industry affiliation, as well as on the structure of capital used. Finally, this study provides directions for improving the institutional environment of sustainability reporting for Turkish companies.

Celem artykułu jest zaproponowanie modelu metasystemu, jako koncepcji rozszerzającej perspektywę poznawczą w definiowaniu systemów zarządzania, integrującej charakterystyki systemów, kontekst i ośrodki kreujące te systemy. Zastosowane rozwiązanie polega na wzbogaceniu modelu systemu zarządzania o rezultaty spojrzenia nań z perspektywy paradygmatu interpretatywnego. Proponowana koncepcja stanowi krok w kierunku integracji koncepcji systemów zarządzania oraz rozwinięcia nowych metod ich diagnostyki dzięki uwzględnieniu roli projektantów i użytkowników systemu oraz ich wiedzy i doświadczenia.

Purpose: The purpose of the article was to assess the impact of the COVID-19 pandemic and the inflationary crisis that followed on the financial condition and consumer and investment expenditures of Poles. This purpose was supplemented by detailed research hypotheses. Design/methodology/approach: The study was conducted using the diagnostic survey method on a group of 1,000 randomly selected Polish residents. The research tool was an original survey questionnaire containing 50 substantive (problem) questions and 9 metric questions. Selected statistical tests were used in the analysis of the survey results. Findings: The research results indicated that the pandemic and inflationary crises contributed to the deterioration of Poles' financial condition. A significant decline in real income was declared by about 23% of respondents in both crisis phases. About one-fifth of active respondents were affected by job loss, mainly temporarily. A quarter of respondents indicated a significant increase in the share of consumer expenditure in current income and the need to give up a number of goods and services beyond basic consumption. A persistently limited Poles' propensity to invest was found, as well as little dynamic change in outlays and investment forms. Research limitations/implications: Limitations are the estimated nature of the information obtained in surveys. The reliability of some data can be improved by repeating the survey on the same sample at a time interval. Practical implications: The crises have changed Poles' attitudes toward accumulating savings and spending money. Awareness of this fact should prompt potential business entities and financial institutions to remodel their offerings in accordance with market conditions. Government bodies can use the research results to manage the crisis more effectively on a national scale. Social implications: The research revealed the Poles' limited knowledge of managing their own finances and could be a rationale for measures to disseminate such knowledge to society. Originality/value: The value of the research is the original author's diagnostic approach based on a representative research sample, addressing current social and economic problems of Poles, not fully recognized and disseminated in publications. Keywords: pandemic and inflation crisis, Poles' financial condition, consumer and investment expenditures. Category of the paper: Research paper.