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Lecture Week8.pptx - TASMANIAN SCHOOL OF BUSINESS AND...

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TASMANIAN SCHOOL OFBUSINESS AND ECONOMICSBFA302 Accounting TheoryWeek 8 – Corporate accountability andCSR
IntroductionIn recent years there has been increasing focus uponsustainable development and sustainability reportingSustainability reporting (and CSR reporting)represents a departure from the economic focus thatwas traditional in external reportingA review of the Global Reporting Initiative’sSustainability Reporting Guidelines provides insightinto the types of social, environmental and economicinformation that could be disclosed in a sustainabilityreportcontinued
Introduction (cont.)The terms ‘sustainability reporting’, ‘Corporate SocialResponsibility Reporting’ and ‘Triple Bottom Line (TBL)’ reportingare often considered to besynonymousSustainability reporting would requiremorethan simply providinginformation against social, environmental and economic indicatorsSustainability reporting would also address how current activitiesare impacting the abilities of future generations to satisfy theirown needs
What is Corporate Social Responsibility (CSR)?
CSR reportingan organisation publicly discloses information about itsinteractions with, and impacts upon, the various societies andenvironments in which it operates.The nature of this reporting canvary widelybetweenorganisations, and across time.Variations in reporting across different organisations will be duetodifferent perspectivesofaccountabilitybeing embraced(that is, different views about who the organisation isresponsible to, and for what aspects of performance it isresponsible for).
CSR reporting andsustainability reportingCSR reporting includes ‘social reporting’ and ‘environmental reporting’.Social reporting and environmental reporting are both also considered to becomponents of ‘sustainability reporting’.Sustainability reporting would also include reporting about economicperformance.Sustainability reporting is defined in the GRISustainability Reporting Guidelines(2011) as:a broad term considered synonymous with others used to describe reportingon economic, environmental, and social impacts.

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Term
Spring
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Feusse
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