Financial and Economic Interpretation and Communication Answer 2022

Running Head: FINANCIAL AND ECONOMIC INTERPRETATION AND
COMMUNICATION
FINANCIAL AND ECONOMIC INTERPRETATION AND COMMUNICATION
Name of the Student
Name of the University
Author Note

1FINANCIAL AND ECONOMIC INTERPRETATION AND COMMUNICATION
Table of Contents
Answer 1....................................................................................................................................2
Answer 2....................................................................................................................................2
Answer 3....................................................................................................................................3
Reference....................................................................................................................................4

2FINANCIAL AND ECONOMIC INTERPRETATION AND COMMUNICATION
Answer 1
Sustainability Reporting
Yes, sustainability reporting should be mandatory for every organizations. It is
because the value of the sustainability reporting ensures the organization to consider the
impacts on the issues of sustainability and it enables them for being transparent to the risks as
well as responsibilities they are facing. The report of the sustainability is the organizational
report, which helps in giving the information about various aspects such as economic,
governance performance, social aspects as well as environmental aspects. It will help the
companies for thinking and defining their visions of long-term as well as raises the awareness
of the sustainable practices in the organizations. Moreover, it leads towards reduction of cost
for the companies on the various aspects of the operations, especially in respect of increasing
the efficiency (Ioannou and Serafeim 2017). Further, sustainability reporting increases the
ability for the companies in order to communicate with the investors in relation to their KPIs
as well as social impacts. It is generally found that the countries that have some form of the
mandatory reporting tends for having higher welfare of employee, improved supervision of
board, greater prioritizing of the issues of environment as well as less frequent cases of the
corruption and bribery across the companies (Amran, Lee and Devi 2014).
Answer 2
Business Ethics
Yes, business ethics is relative. It is based on the theory that the moral ethics is
relative to the one’s culture norms, which states that whether the action is right or whether it
is wrong, it depends upon the moral norms of society, where it is being practiced. The idea of
moral relativism is based on knowledge, morality and truth, which is not universal but there
is relativeness of culture-to-culture, under which it is being raised upon. There may be some