Australia Contemporary Accounting Theory 2022

Running head: CONTEMPORARY ACCOUNTING THOERY
Contemporary Accounting Theory
Name of the student
Name of the university
Author note

CONTEMPORARY ACCOUNTING THOERY1
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Part A...........................................................................................................................................3
Literature Review of the increased importance of Corporate Social Responsibility.......................3
Importance of sustainability reporting over other reporting concepts.............................................5
Theories explaining the spirit of sustainability Reporting...............................................................5
Part B...........................................................................................................................................7
Overview of the company................................................................................................................7
Sustainability Reporting Scoring Index...........................................................................................8
Conclusion.....................................................................................................................................10
References......................................................................................................................................11

CONTEMPORARY ACCOUNTING THOERY2
Executive summary
The firm named New Hope Corporation limited is an energy diversified firm that is based in
Australia. The primary activities of the firm includes mining of the coal, logistics and marketing,
oil and gas and relevant investment. The analysis of the importance of the corporate social
responsibility and the use of increasing the sustainable reporting by the firm. The importance,
uses and the basic advantages of these activities have been discussed in the report in details. The
analysis of the GRI scoring standard of the sustainability reporting have been discussed in the
reports. The sustainable reporting of the firm have been analyzed according to the relevant
standard provided by GRI.

CONTEMPORARY ACCOUNTING THOERY3
Introduction
The New Hope Corporation is a company that is based in Australia. The company
operates in mining of thermal coal of Australia. The products of the company are coal, bulk
handling and exploration of resources. The corporate social responsibility is a business model
that helps a firm to be accountable socially to the stakeholders, the shareholders, the firm itself
and the peoples. This practicing of corporate social responsibility is known as the corporate
citizenship and this also helps the firms to be aware of the impact they make on the society
involving social, economic, and environmental. The companies that take part in the corporate
social responsibility wants to operate in the way to enhance the society and contribute positively
towards the society.The firms that are financial strong take part in the corporate social
responsibility. The report that is prepared by the firms which provide the information about the
performance of social, economic and environmental by the firm is the sustainability report. This
reporting of sustainability is a procedure of analyzing andimproving the firm’s dedication
towards the sustainable development in such a way that can be demonstrated to the internal and
external stakeholders of the firm. The purpose of this report is to analyze the importance of
corporate social responsibility and sustainable reporting of a firm. The annual report of the firm
has been analyzed here and the relevant websites of the firm, Australian social responsibility
websites, journals, and reports have been also analyzed to gather relevant information.
Discussion
Part A
Literature Review of the increased importance of Corporate Social Responsibility
There has been many literature review that explain the gaining importance for the firms
operating with the financial objectives.
This study states that many large mining ore companies have started to show interest on the
corporate social responsibility. The companies have taken initiative for the social and economic
development of the society (El-Kassar, Messarra & El-Khalil, 2017). The small and medium
scale firm of this particular industry is lagging behind from the structure and planning of the