CSR Disclosure and Reporting Practices at The Star Entertainment Group

CAT 1
RUNNING HEAD: CONTEMPORARY ACCOUNTING THEORY
Contemporary Accounting Theory

CAT 2
Executive Summary
The purpose of the report is to analyse the CSR disclosure and reporting practices followed at
ASX listed company. The company chosen for the purpose of analysis is ‘The Star
Entertainment Group’. The company is Australia based hospitality and leisure service provider
with several hotels and resorts across the country. The company is complying with CSR
disclosure and reporting as needed by the government. The Star Entertainment Group has
developed a five year sustainability strategy named ‘Our Bright Future’. The Group is focused
towards control on water, energy, waste, biodiversity, material and management of suppliers.
The achievements in this area are recycling of 2.2 million kilograms of glass, Green electricity
production from 1200 tonnes of waste, production of 9900 soaps via Soap Aid. The company is
also targeting to achieve more energy and resource saving through water plants and energy
saving lightings to save 90% energy. The stakeholders approach is also discussed which
indicates the fruitful approach to follow the practices of CSR in long term success of the
business.

CAT 3
Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................4
Analysis of company’s CSR disclosure and reporting practice.......................................................4
Analysis of the SGR reporting practice and CSR reporting guidelines...........................................8
The Star Entertainment Group CSR reporting, concept of legitimacy and stakeholder theories. .10
Comprehensive summary..............................................................................................................11
Conclusion.....................................................................................................................................12
References......................................................................................................................................13
Figure 1: Materiality Index (SGR, 2018)........................................................................................6
Figure 2: Carbon Emissions (THE STAR ENTERTAINMENT GROUP, 2018)...........................7
Figure 3: Sustainability Materiality Assessment 2018 (Source: SGR, 2018).................................9

CAT 4
Introduction
Corporate social responsibility is a becoming measure of the company’s performance. This helps
to indicate a wide range of stakeholders, from consumers, employees to investors. The report
evaluates the CSR and sustainability practices that are followed by The Star Entertainment
Group. It is an ASX listed company functioning in the consumer’s field offering various
hospitality and leisure services across Australia. The report also analyses the CSR disclosure and
reporting practices that is followed by the company in recent years. The report also discusses the
company’s current reporting practice and CSR reporting guidelines as per the Global initiative
reporting. Next part of the report spotlights the CSR reporting practices and motivation for using
the stakeholder’s theories and legitimacy. At last, the report will discuss the findings and report
the over analysis of The Star Entertainment Group in the field of CSR and sustainability
activities.
Analysis of company’s CSR disclosure and reporting practice
With the changing technology and increased competition over the past few decades companies
are needed to indulge in various activities for the sustainability and environmental responsibility.
The concept of corporate social responsibility is gaining increased responses with the changing
needs and awareness of the customers and other stakeholders. This has resulted to the
introduction of the various guidelines and reporting system for such activities in Australia
(Parliament of Australia, 2018). Sustainability reporting is the process of demonstration of the
corporate responsibility with the help of measuring and reporting of the social, economic and
environmental impacts and performance publically (Cooper, 2017). The disclosures can be made
in the annual reports, sustainability report or there is also a provision of social impact report. It is
also identified that the reporting of the sustainability is also voluntary in Australia (Parliament of
Australia, 2018).
There are a number of reasons that leads to need of reporting the activities including informing to
the shareholders and impact on the company’s overall performance to improve the impacts. It is
also done to tell the shareholders and other parties about the dealing with the non-financial and
financial risks for the analysis of the key risks and analyse the performance (Parliament of