Sustainability Accounting and Integrated Reporting

Added on - 24 Apr 2021

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Running head: ACCOUNTING AND REPORTING FOR SUSTAINABILITYACCOUNTING AND REPORTING FOR SUSTAINABILITYName of the studentName of the UniversityAuthor Note
1ACCOUNTING AND REPORTING FOR SUSTAINABILITYWeek 6 JournalThe major categories of indicators that ANZ reports against are as follows:-Fairness and ethical conduct is considered as an important issue regarding both theinternal and external stakeholders (Ioannou & Serafeim, 2017),The high rating of Corporate Governance, which portrays greater transparency incommunication (Gurarda, 2015),Responsible lending to business, which involves the skilled management of the socialand environmental impacts relating to the lending decisions, and they are treated asthe core to the risk management of the organization,Emphasis on anti-corruption practices like anti-money laundering and terrorismfinancing,Financial system stability and regulation,Emphasis on consumer privacy by looking after data security and preventingfraudulent activities,Investing in the local communities,Environmental footprint,Maintaining a sustainable supply chain.The ANZ bank determines these indicators by bringing about necessary changes to its‘Sustainability Framework’ (Hahn & Kühnen, 2013). The framework focuses on thesustainable growth of business and individuals, ensuring social and economic participation atall levels of the society and conducting a fair and responsible banking process. This allowsthe bank to ensure that proper focus is given to its business strategy as well as its purpose,which is to promote the development of communities and individuals. The bank is alsocommitted to the United Nation’s Sustainable Development Goals and conducts itsoperations in accordance to them.
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