Contemporary Accounting Theory Case Study 2022

Contemporary Accounting Theory

Table of Contents
Executive Summary.........................................................................................................................3
Introduction......................................................................................................................................3
Part A...............................................................................................................................................4
Importance of Corporate Social Responsibility...........................................................................4
Sustainability reporting in contrast with other reporting framework reflects complete view of
Corporate Social Responsibility..................................................................................................6
Analysis of theories that explain requirement of sustainable reporting......................................7
Part B...............................................................................................................................................8
Overview of company..................................................................................................................8
Sustainable reporting scoring index as per Global Reporting Initiative Guideline...................10
Comparison of Sustainable reporting of selected company with sustainable reporting scoring
index..........................................................................................................................................12
Conclusion.....................................................................................................................................14
References......................................................................................................................................15

EXECUTIVE SUMMARY
The given study is focused on concept of Corporate Social Responsibility and sustainable
reporting. In the present scenario, the concept of sustainable development is highly significant.
With this aspect, the company should carry their activities by considering social and
environmental aspect as tt assists the company in achieving its financial objective. Along with
this, analysis of sustainable report of Abacus Property Group is also explained. Further,
sustainable reporting scoring index is also given as per Global Reporting Initiative Standard.
Abacus Property Group prepares a sustainable report on the basis of Global Reporting Initiative
Standard.

INTRODUCTION
Corporate Social Responsibility assists the organization to consider their obligation towards
stakeholders and public. In relation to this, the given study revolves around several aspects of
Sustainable report and CSR. The concept of CSR is achieving great importance for companies
operating with financial goals. Further, Sustainability report reflects the holistic view of the CSR
framework. In addition to this, stakeholder theory and legitimacy theory assist the requirement
of sustainability reporting. Further, this study also covers several aspects related with
sustainability report of company named as Abacus Property Group. Moreover, according to the
Global Reporting Initiative Guideline, sustainable reporting scoring index is also prepared, and
the same is compared with the sustainable report of the Abacus Property Group.
PART A
Importance of Corporate Social Responsibility
Corporate Social Responsibility (CSR) is the self-governing business framework that assists the
organization to be socially accountable for stakeholders and public. The main objective of CSR
is to conduct activities in an ethical manner. In other words, it can be said that on the basis of
CSR company considers social, environmental, economic, and human right impact of its
activities (Broman, & Robèrt, 2017). It is considered as a mechanism by which organization
observe and confirms its dynamic compliance with the globalized standard, rules and regulations,
and ethical principles (Kolk, 2016).
Acceptance of social obligation by company attracts and retains the consumers, which is very
necessary for long term success of company (Saeidi, Sofian, Saeidi, Saeidi, & Saaeidi, 2015).
Moreover, several individuals like to pay premium prices if they know that revenue would be
directed towards social reason. Therefore, company can CSR assist the company in enhancing
their financial performance. Along with this, companies who recognized their social obligation
also attract employees who are excited to create change in the world along with normally getting
salary (Busch, Bauer, & Orlitzky, 2016). United efforts of employees can help the large
organization to achieve significant results. Therefore, it can be said that for the sustainable