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Corporate Social Responsibility Reporting Practice of Link Administration Holdings Limited

   

Added on  2020-09-27

13 Pages4196 Words297 Views
ACCT20074Contemporary AccountingMajor AssignmentA Report on Corporate Social Responsibility (CSR) Reporting Practice of Link Administration Holdings Limited (ASX: LNK)
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Executive SummaryThis reportis about the Corporate Social Responsibility (CSR) reporting practice of Link Administration Holdings, an ASX 200 listed firm.The study enlightens about the ongoing trend of CSRdisclosure by fast growing ASX firm. The analysis of Link Group’s Sustainability report, its CSR disclosures and other relevant CSR information presented by Link Group in terms of Global Reporting Initiative (GRI) standards, an international CSR reporting standard has been made. The findings shows significance, reporting trend of CSR and how the theories i.e. the legitimacy and stakeholder’s theory play a role in voluntary disclosure of CSR report. The findings will be helpful for theorganizations particularly Information Technology (IT) companies or financial service sector companies aiming for CSR reporting to figure out the recent trends of CSR disclosures, report practices and the theories for motivation of CSR.
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Table of Contents1.0Introduction................................................................................................................................................42.0Descriptive Analysis of CSR Reporting and Disclosure Practices.................................................................42.1About Link Group....................................................................................................................................42.2 CSR Reporting and Disclosure.......................................................................................................................42.2.1 People....................................................................................................................................................52.2.2 Environment..........................................................................................................................................62.2.3 Community............................................................................................................................................62.2.4 Supply Chain..........................................................................................................................................62.2.5 Governance and Management..............................................................................................................63.0ComparativeAnalysis of Company’s Reporting Practice and CSR Reporting Guidelines.............................74.0Critical Analysis of Company’s CSR Reporting Practice...............................................................................94.1 Is CSR report voluntary or mandatory for Link Group?.................................................................................94.2 CSR motivation of Link Group..................................................................................................................94.3 Legitimacy Theory and LNK’s CSR disclosure...........................................................................................104.4 Stakeholders Theory and LNK’s CSR disclosure..........................................................................................115.0 Summary of Findings......................................................................................................................................116.0Conclusion................................................................................................................................................12 References
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1.0IntroductionSustainability reporting has been one of the very popular reporting nowadays as it is focused in creatingvalue to the stakeholders and ensure the success of the business in long run by managing sustainable risks. This report has been based on the Sustainability reporting or CSR reporting of Link Administration Holdings Limited, an ASX200 listed fast growing firm in providing solution related to superannuation fund, share registry, data management services, asset services as well as software development solutions in 11 different countries. The report enlightens the reader about the elements covered by Link Group’s CSR disclosures, their motivations, their sustainability policy, frameworks and the analysis of the legitimacy theory and stakeholder’s theory in terms of their Sustainability report2017. 2.0Descriptive Analysis of CSR Reporting and Disclosure Practices2.1About Link GroupLink Administration Holdings Limited, a company incorporated in Australia, provides IT management solutions for its clients in various business divisions, namely funds administration, corporate markets, technology, innovation and assets services.It operates in 11 different countries and has altogether 4297 staffsin different locations as at 30 June 2017. It serves approximately 10 million superannuation account holders and 35 million individual shareholders. The company has been able to successfully attain the uninterrupted growth in its Operating EBITDA since past 15 years. Similarly, the Operating NPAT was up by 21% and Statutory NPAT also increased by 101% in FY2017 compared to FY2016.Link Group was listed in ASX after the issuance of its Initial Public Offering (IPO) on October 2015.Its core values such as professionalism, teamwork, integrity, respect and commitment plays a very crucial role in the way they operate not only internally among the team members but externally to its customers, clients and investors. 2.2 CSR Reporting and DisclosureSince Link Group is swiftly growing locally as well as globally, the management believes that the continuity of business is only possible ifopportunities are utilized and risks are identified and reduced so as to make the business successful despite of rapid changes in technology and business environments.In the annual report 2017, Link Group’s Managing Director Mr. John McMurtrie states
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