complete assignment - TASK 1 According to Global Reporting...

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TASK 1 According to Global Reporting Initiative (GRI) website, Sustainability reporting is publishing a report by a company or an organization which is related to the economics, environmental and social impacts caused by the daily activities. The value of organization and governance of an organization can be presented by the sustainability report as well as the relationship or link among the strategy and commitment of organization can be illustrated by sustainability report to a sustainable global economy also. Besides that, the function of sustainability reporting are helping organizations to measure, understand and communicate those related information and setting goals to make the change effectively. Sustainability report is synonymous with other terms for non-financial reporting, triple bottom line reporting, corporate social responsibility (CSR) and reporting (GRI, n.d. ). The Global Reporting Initiative (GRI) was established in year 1999, and the first true sustainability report was issued (Jones.H., 2010). Sustainability reporting is a systematic approach to gather and present sustainability information for the management process, and stakeholders. Furthermore, GRI is a network- based organization for producing a sustainability report where the participants are drawn from global business, civil society, labor, academic and professional institutions (KPMG, 2011). Incorporate Social and Environmental Reporting Social and environmental reporting also known as social and environmental accounting, non- financial reporting or accounting and corporate social reporting. The development of sustainability report in the concept of social and environmental reporting is about the course of event of communication between the social and environmental effects of economic of an organization within the society and focusing on the cost structure and environmental performance of a company. Based on the ACCA, the development of sustainability report is reflected by the environmental reporting such as stakeholders and community. This is the debate in business and society about the business accountability. This reporting is a voluntary report of a kind of phase of procedures of environment administration inside of a business. Environmental reporting can bring out a wider of benefits to different stakeholders. Nevertheless, the information of report have to link with the capable of both internal and external stakeholders. Besides that, the report is a
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useful way for helping to discharge the accountabilities to society and future generations as the uses of resources and the environmental affect the future generations (ACCA, 2016). This reporting is exited for the businesses’ operation and performance which have an impact on the environment.
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  • Summer '16
  • alicia
  • Corporate social responsibility, GRI, Global Reporting Initiative, Sustainability Report, Pos Malaysia Berhad

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