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Sustainability Reporting in Accounting by AMP

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Added on  2021-05-31

Sustainability Reporting in Accounting by AMP

   Added on 2021-05-31

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Sustainability Reporting in Accounting by AMP 1SUSTAINABILITY REPORTING IN ACCOUNTING BY AMPby (Your Name)Contemporary Issues in Accounting Professor’s NameName of Your Institution Location of the Institution Date
Sustainability Reporting in Accounting by AMP_1
Sustainability Reporting in Accounting by AMP 2Sustainability Reporting in Accounting by AMP Future Plans for Sustainability Reporting by AMPDue to the increasing pressure from a number of parties including the government, the investors and the Australian Securities Exchange (ASX) for companies to report their social and environmental accounting, AMP aims at undertaking sustainability as one of the pillars to its Corporate Responsibility (CSR) practices (Schaltegger, Etxeberria and Ortas, 2017, pp 113). Thecompany has also resolved through its annual general meetings to foster voluntary transparency to all the stakeholders as a way of showing a good financial reporting culture and an ethical behaviour. To realize this, AMP has shown a commitment to reducing the environmental impact that the company creates from its operations. For instance, the issue of carbon emission is being worked on to ensure that all the operations of the company are carbon neutral (Earth Hour sparksnew sustainability and environment mindset - AMP, 2018, np.). The amount of carbon emission per year is intended to be at a minimum by 2021.Ways in Which AMP Plans to Tackle Sustainability Issues it has been FacingBecause of the many issues that AMP has been facing since 2015, the company has implemented a number of measures to ensure sustainability reporting. The company has promised its customers, partners and other stakeholders that they are going to produce regular sustainability reports that give transparent financial as well as social, governance and environmental performance of the company in compliance with all international and local standards such as the Global Reporting Initiative (GRI) Standards and the Australian Accounting Standards Board (AASB).
Sustainability Reporting in Accounting by AMP_2

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