Report on Contemporary Accounting Theory 2022

Running head: CONTEMPORARY ACCOUNTING THEORY
Contemporary accounting theory
Name of the Student
Name of the University
Author Note

CONTEMPORARY ACCOUNTING THEORY
Executive summary:
The report is prepared to determine the importance of the sustainability reporting and the
association between the corporate social responsibility and sustainability reporting. Two
sections incorporates the whole report, with the first section focusing on the literature review
explaining the importance of the corporate social responsibility and relevance of the reporting
concepts to the sustainability reporting. This also involves discussion on the explanation of
the sustainability reporting using the theories such as legitimacy and institutional theory.
Another section demonstrates the evaluation of the quality of sustainability report of Dulux
group material limited. This has been done by assessing the reporting framework of Dulux
against the sustainability index of the GRI.

CONTEMPORARY ACCOUNTING THEORY
Table of Contents
Introduction:...............................................................................................................................3
Part A:........................................................................................................................................3
i. Reviewing literature for explaining the importance of corporate social responsibility for
the firms with financial objectives:............................................................................................3
ii. Evaluating the holistic view of corporate social responsibility by determining the
compatibility of the sustainability reports with other concepts:................................................5
iii. Explaining the sustainability reporting essence using relevant theories:........................6
Part B:.........................................................................................................................................7
iv. Description of the governance, ownership and financial performance of Dulux Group
Material:.....................................................................................................................................7
v. Preparation of sustainability reporting index in accordance with the guidelines of GRI
(Global Reporting Initiatives)....................................................................................................9
vi. Evaluating the quality of sustainability reporting of the company against the scoring
index of sustainability reporting:.............................................................................................10
Conclusion:..............................................................................................................................13
Reference list:...........................................................................................................................15

CONTEMPORARY ACCOUNTING THEORY
Introduction:
The paper is developed to review the importance of corporate social responsibility to
the firms along with evaluating its holistic review. There are two sections incorporated in the
paper with the first section outlining the relevance of corporate social responsibility for the
firms with financial objectives by reviewing the literature and demonstrating the explanation
of the essence of sustainability reporting using applicable theories. The other section gives an
illustration of the relevance of such reporting system by retrieving information from the
sustainability report of the listed entity. The selected company for this purpose is Dulux
Group Material, which is a leading manufacturer and marketer of the products of premium
brands for maintaining, enhancing and protecting the spaces and places where people live and
work. The quality of sustainability report prepared by Dulux is evaluated against the
sustainability disclosure index of GRI (Global Reporting Initiative) in terms of the
information presented therein.
Part A:
i. Reviewing literature for explaining the importance of corporate social
responsibility for the firms with financial objectives:
One of the most prominent business eras is the corporate social responsibility which, is
becoming an indispensable part of any organization. Any individual organization the most
significant goal of the corporate social responsibility is to make sure that all the companies
should have a good output with a positive effect on the society. It is becoming very essential
that all the business practices by the companies nowadays should be carried out in an ethical
manner, so CSR takes into account all these factors into account and makes sure that all the