Review of Corporate Governance and Environmental Reporting

This report critically reviews the relationship between corporate governance and environmental reporting, focusing on the context of Australian firms. The report emphasizes the importance of considering environmental impacts and disclosing these to stakeholders, including employees, consumers, and shareholders. Key concepts include the role of corporate governance in enhancing corporate performance and ethical decision-making, as well as the significance of environmental reporting for transparency and accountability. The analysis incorporates the triple bottom line approach to evaluate financial, social, and environmental performance. The report highlights the benefits of environmental reporting, such as improved financial returns and long-term sustainability, and concludes that effective corporate governance is crucial for enhancing environmental performance and supporting sound decision-making within organizations. The report also references key academic sources to support its findings.

CRITICALLY REVIEW

Critical review on corporate governance and environmental reporting.
The main object of corporate governance and environmental reporting is to investigate
the attributes of companies in Australia. It is crucial for the enterprise to consider the effects on
the natural environment to disclose the results to the wider group of stakeholders and that is
inclusive of employees, consumers, community and shareholders (Adnan, Hay and van Staden,
2018). Thus, one of the major trend for the enterprise in Australia and throughout the work is
mainly offers the information with term to social and environment activities.
According to the view of Hussain, Rigoni and Orij, (2018) stated that requirements of
corporate governance is crucial as it aids to optimise corporate performance and accountability in
the interest of shareholder. Thus, Epstein, (2018) stated Australian firm incorporates corporate
governance in terms to promote ethical and responsible decision making. In contrary to Rashid
and Naseer, (2018)stated that firms prepares their environmental reporting in order to
transparency and accountability within company. In contrary to Hussain, Rigoni and Orij, (2018)
stated that in order to enhance environmental performance, the firm is focussing over Triple
bottom line approach that provides the significant information about the financial, social and
environmental performance.
Major beneficial advantage of Environmental reporting is to improve financial return and
this can enhance the firm value. This also promotes to have long-term survival of the enterprise.
Better enterprise working and environmental reporting can be archived with incorporating strong
corporate governance. Therefore, stated that the appropriate governance structure must requires
to have proper social and environmental effect the stakeholder of the enterprise.
Hence, it can be concluded that effective corporate governance aids to enhance the better
environmental performance and this supports in decision making. Thus, positive effect of
corporate governance and environmental reporting is that it is very profitable concept because it
leads to enhance sustainability of the working enterprise.

REFERENCES
Books and Journals
Hussain, N., Rigoni, U. and Orij, R.P., 2018. Corporate governance and sustainability
performance: Analysis of triple bottom line performance. Journal of Business Ethics.
149(2). pp.411-432.
Epstein, M.J., 2018. Making sustainability work: Best practices in managing and measuring
corporate social, environmental and economic impacts. Routledge.
Rashid, K. and Naseer, M., 2018. The Relationship between Environmental Reporting and
Corporate Governance Characteristics: Empirical Evidence from Pakistan.
In Globalization. IntechOpen.
Adnan, S.M., Hay, D. and van Staden, C.J., 2018. The influence of culture and corporate
governance on corporate social responsibility disclosure: A cross country analysis. Journal
of cleaner production. 198. pp.820-832.