Corporate Accounting: A Comparison of Sustainability Reports of ANZ Bank and Commonwealth Bank

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student
Name of the University
Author Note

1CORPORATE ACCOUNTING
Executive Summary
The purpose of the study is to illustrate the value of corporate sustainability report to
organisatons with the concept of corporate sustainability. The report required the comparison of
sustainability reports of two real companies from the same industry. The companies chosen for
this topic include Commonwealth bank and ANZ bank , which belong to the banking sector.
Both of these companies are listed in the ASX 200.through this comparison the report required to
address various questions regarding validity of the information provided, its impact on
stakeholders, its future targets among others.

2CORPORATE ACCOUNTING
Table of Contents
Introduction......................................................................................................................................3
Discussions......................................................................................................................................3
ANZ Bank....................................................................................................................................3
Commonwealth Bank..................................................................................................................6
Comparison of the sustainable reports.........................................................................................9
Conclusion.....................................................................................................................................10
Reference.......................................................................................................................................11

3CORPORATE ACCOUNTING
Introduction
A corporate sustainable report refers to a report that includes all environmental, social
and economic impacts that is caused by an organization in its everyday activities. It is a report
that mainly focuses on the environmental, social and governance issues. These issues influence
the stakeholders including investors, customers and host governments. The idea of CSR has
made a widespread impact throughout the business world. It is a business approach that
contributes in sustainable development that enables in economic, social and environmental
benefits that accrues to all stakeholders(Schwartz 2017, p.1). It is a broad concept that addresses
may issues like human rights, corporate governance , health and safety among others. The
purpose of CSR is to develop sustainability. With widespread changes in global business
practices and changing trades in social responsibility it has become widely prevalent in
society(Carroll 2015, p.90). It has become an integral part of tradition and a determinant of
culture . Here the CSR practices of commonwealth bank and ANZ banking group have been
compared with a view to assess their effectiveness.
Discussions
ANZ Bank
The ANZ bank is one of the major banks in Australia . It offers a variety of banking and
financial products and services to over eight million customers operating in more than 30
markets. The corporate sustainability report of the ANZ bank highlights the many ways in which
the bank has contributed to the communities in which they have operated. This report illustrates
how they do business which includes their purpose, values and corporate sustainability
framework. This company has been using the Global Reporting Initiative (GRI) framework for