Sustainability Reporting

Report Boundaries A Focus on Data and Stakeholders entrance Sustainability is change state of increasing importance to stakeholders in general. in that location is a exhaust trend in that nation 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 ask of the endue without compromising the ability of future generations to meet their needfully (Global inform Initiative, 2006, p2). In the context of a Sustainability Report, sustainability is taken to fill a broad meaning whereby it incorporates issues relating to economic, environmental and social factors. These affinity 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 inte rested 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 lenient accounting characteristics as Annual Reports i.e. understandable, comparable, relevant and material (ACCA, 2009).

Overall, the education provided in the sustainability account statement should enhance the quality of the readers ability to mark decisions and form opinions about the company based on that information. Guidelines on Sustainability Reporting There are many guidelines on sustainability account and all of which are published by various o! rganisations 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(prenominal) 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 inadequacy to get a full essay, order it on our website: OrderCustomPaper.com

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