Sustainability reporting

In 2012-2013, when McDonald’s developed their five key areas or pillars of focus for sustainability and implemented their 2020 Aspirational Goals, they called the report, McDonald’s Corporate Responsibility and Sustainability Report. The latest version available for view is McDonald’s 2014 report, which the name changed again, called The Good Business Report.…

3.2.1. Purpose of sustainable reporting The reason for increase in sustainability reporting practices is, civil society’s and governmental pressure exerted on companies to improve their sustainability performance, the main purpose of reporting is to provide an breakdown of companies’ performance at a given point and on time to control perceptions and to legitimize its behaviour (Nummert, 2014). Therefore, sustainable reporting has become a priority among private organizations worldwide and has…

and construction. Covering the role of TBL in sustainability, a well formalised sustainability report of a hypothetical construction or infrastructure company established globally is to be made for annual GRI (Global Reporting Initiative) submission, considering reporting parameters like strategic analysis, governance, engagement, commitments, management approach and any challenges or issues faced by the company to maintain sustainability in the construction and work environment. What is GRI…

The three local content provisions above have sustainability implications, for instance, employment and training serve both the social and economic sustainability, procurement and contracts serve economic sustainability, and technology transfer serves environmental sustainability. The above analysis has therefore shown more emphasis on the social and economic sustainability. Similarly, the accounting and financial implications of the above provisions are discussed in section 3.15. The three…

The integrated report aims to make the link between sustainability and economic value by focusing in the interrelationship between EGSEE dimension aspects of sustainability performance (Brocket & Rezaee, 2012). By reporting about Economic, Government, Social, Ethic and Environmental aspects, companies could have higher quality information to providers of financial capital in order to enable more efficient and effective allocation of its capital (IIRC,2013). Based on the research done by KPMG…

Business sustainability is often defined as managing the triple bottom line. This is a process by which companies can refer to the areas such as: profits, people and planet financial, social and environmental risks, obligations and opportunities. These three impacts can also be commonly referred to as profits, people and planets. (Lexicon, Financial Times) Business sustainability requires firms to adhere to the principles of sustainable development. According to the World Council for Economic…

Choosing to do business with an unethical partner can be harmful to your environmental stance and hence your reputation. Measuring the TBL Measuring the TBL Measuring an organisations sustainability is a complex task, Dahl (2012) states that policy makers and regulators still have a lot of work to do in terms of setting out clear and concise indicators for sustainability. The importance of sustainability reporting is growing rapidly and so is the need for accurate…

with a wider, and more diverse group of stakeholders concerned with social responsibility and sustainability. With the use of Triple Bottom Line reporting, organizations can demonstrate that they are contributing to society appropriately. Many companies who voluntarily decide to partake in these types of “social audits” create enhanced transparency and accountability, which will to sustainability. This focus on sustainability helps businesses manage their environmental and social impacts, as…

Sustainability reporting refers to the organizational reports that provide information related to social, governance, environmental and economic factors. Sustainability reporting help assess the impact of these factors on health, community and customer safety programs, manufacturing processes and fair-trade practices. The ongoing rise of stakeholder's demand regarding sustainability reporting disclosure is the reason behind Johnson & Johnson case study. In the article "Sustainability reporting…

social report. The company is aiming to remain sustainability by anticipating and actively making improvement over social issues as a way creating value to the company’s business. This report examines the sustainability practices of Westpac recently with the compliance sustainability report with the Global reporting Initiatives. The results show that Westpac is doing well with their performance, however, it wasn’t as good as the year of 2014 since there were areas that needed improvement.…