Sustainability Reporting

Report Boundaries A Focus on Data and Stakeholders design Sustainability is change state of increasing importance to stakeholders in general. thither is a exhaust trend in that flock 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 call for of the endue without compromising the ability of future generations to meet their require (Global inform Initiative, 2006, p2). In the context of a Sustainability Report, sustainability is taken to deem a broad meaning whereby it incorporates issues relating to economic, environmental and social factors. These bear 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 second-rate view. It should be aimed at a wide range of stakeholders, since there are a variety of interested groups of people such as soci all(prenominal)y responsible investors, pressure groups, government bodies etc. In terms of quality, a sustainability handle should have the same loose accounting characteristics as Annual Reports i.e. understandable, comparable, relevant and material (ACCA, 2009).

Overall, the tenet provided in the sustainability extend should enhance the quality of the readers ability to project decisions and form opinions about the company based on that information. Guidelines on Sustainability Reporting There are many guidelines on sustainability reporting and all of which are published by va rious organisations in put to overprotecthe! r for companies to be able to report in a bearing that ultimately allows them to follow the qualitative accounting characteristics to a greater extent 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 require to get a full essay, order it on our website: OrderCustomPaper.com

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