Sustainability Reporting

Report Boundaries A Focus on Data and Stakeholders base Sustainability is change state of increasing importance to stakeholders in general. at that place is a exhaust trend in that pile be placing grander repute on environmental and loving issues as peoples attitudes to these are changing (Dunphy et al., 2003, p92). To define sustainability, it is to meet the necessarily of the endue without compromising the ability of future generations to meet their unavoidably (Global inform Initiative, 2006, p2). In the context of a Sustainability Report, sustainability is taken to fork up a broad meaning whereby it incorporates issues relating to economic, environmental and social factors. These line up what is known as the triple bottom line. A sustainability shroud should aim to portray the companys environmental and social impacts of its operations in a true and handsome view. It should be aimed at a wide range of stakeholders, since there are a variety of interes ted groups of people such(prenominal) as soci all(prenominal)y responsible investors, pressure groups, government bodies etc. In terms of quality, a sustainability handle should have the same cushioned accounting characteristics as Annual Reports i.e. understandable, comparable, relevant and material (ACCA, 2009).

Overall, the instruct provided in the sustainability floor should enhance the quality of the readers ability to shape decisions and form opinions about the company based on that information. Guidelines on Sustainability Reporting There are many guidelines on sustainability reportage and all of which are published by various organisations! in put to overprotecther for companies to be able to report in a bearing that ultimately allows them to follow the qualitative accounting characteristics more than effectively. As none of these guidelines are legally enforceable, there is a great degree of flexibility in the way companies report their sustainability issues and performance. However, this report will focus upon just one of these guidelines,...If you involve to get a full essay, order it on our website: OrderCustomPaper.com

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