Financial Reporting Analysis: CSR and GRI Index Disclosure (ACCT20074)

This report delves into the analysis of Corporate Social Responsibility (CSR) and Global Reporting Initiative (GRI) index disclosure within the context of financial reporting, specifically examining the Flight Center Travel Group's sustainability practices. The report highlights the importance of the GRI framework in enhancing transparency and aligning business interests with broader social and economic development goals. It assesses the company's CSR performance, ESG metrics, and its approach to sustainability reporting, including areas like supply chain management, GHG emissions, and stakeholder engagement. The analysis covers the extent and quality of Flight Center Travel Group's sustainability reporting against the GRI disclosure index, evaluating its corporate governance methods and its integration of CSR with its overall reporting framework. The report also explores the challenges the company faces, particularly in supply chain management, and emphasizes the significance of aligning CSR reporting with the GRI sustainability framework to improve transparency and achieve sustainable development goals. References from various authors are included for further reading and research.

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CSR
Module Number

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(5) Sustainability reporting (Disclosure Sourcing index
according the global reporting intuitive guidelines
In the light of evaluating the sustainability reporting and disclosure sourcing index given in
the global reporting intuitive guidelines, it has been discovered that GRI structure is used to
strengthen the transparency and aligning the interest of the business with the social and
economic development at various strategies and it also responsible for coordinated effort GRI
in the association. It portrays the joint effort of GRI structure by supporting and improving its
current maintainability framework to adjust its business to financial and social advancement
(Rao, & Tilt, 2016).
It is dissected that GRI structures permit Flight Center Travel Group to achieve the
criteria set in manageability detailing 2025 so as to investigate rising patterns, setting
straightforwardness and adjusting the global reporting intuitive guidelines necessity to the its
CSR revealing in its financial reporting. In any case, it is found that report criteria of the GRI
index revealing and CSR detailing structure of Flight Center Travel Group in global reporting
intuitive guidelines announcing activity have distributed GRI list exposure identified with
one another organizations
Group in global reporting intuitive reporting
factors
GRI
Supply chain 5
Assurance integrity 32
GHG emissions 29
Code of conduct 31
External engagement of stakeholders 40
Governance 67
(Flight Center Travel Group, 2018).

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Corporate social responsibilities (CSR) and ESG Metrics distributes a positioning to the CSR
of the Flight Center Travel Group, 2018. The EESG positioning is 76 while contrasting it and
17334 associations. This rating depends on straightforward and rankings of 17334
organizations from 141 countries as being driven by 647 industry driving ESG information
sources by including swarm, production, not for benefits, ESG expert, and government
(Flight Center Travel Group, 2018). The center point of (CSR) Corporate social
responsibilities conveying four degree of ESG and CSR information see the CSR rating and
CSR positioning. CSR rating see execution for supreme inside the scale 0-100 and CSR
positioning profit viewpoint by positioning the requests the organization's appraisals. Each
CSR class rating is based on workers, administration, condition, and network (Flight Center
Travel Group, 2018).
With the International financial reports of Flight Center Travel Group, it has focused on
uncovering guaranteed constrained confirmation information with maintainability. Flight
Center Travel Group has guaranteed that depends on system with evidence as being gotten
where individuals are mindful of error of materiality in the recorded items of the books of
accounts (Assured maintainable information) ASI. Flight Center Travel Group has embraced
and reflected the transparency reports of CO2 at the 22.9 MT made according to the world
assets for the supportable improvement (Flight Center Travel Group, 2018). The organization
(Flight Center Travel Group) identified with subcategories of positioning and rating (Flight
Center Travel Group 2018).
Community Ranking
Philanthropy and Community dev 51
Product 51
Supply chain and human rights 27
(Flight Center Travel Group, 2018).

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Employees Ranking
Labour rights and Diversity 49
Compensation and benefits 49
Health, training and safety 47
(Flight Center Travel Group, 2018).
Environment Ranking
Environment reporting 27
Resource management 51
Climate change and energy 51
(Flight Center Travel Group, 2018).
Governance Ranking
Leadership ethics 41
Board 49
Transparency and also reporting 51
(Flight Center Travel Group, 2018).
GRI system is an indexation system and procedure, which is utilized to gather information
and data where it demonstrates a few shifted strategy for teaming up GRI by supporting, and
advancing with the goal that it can end up overall reality (Flight Center Travel Group, 2018).
GRI encourages the Flight Center Travel Group to handle on Africa lastly measure the effect
of techniques (Mike Dries, & Galvao, 2018). Flight Center Travel Group can achieve the
2025 reports of supportability while investigating rising patterns so as to advance interior
dialog with respect to the organization's transparency and reporting framework. While
detailing the criteria, it is seen that GRI distributing significant GRI norms (Flight Center
Travel Group, 2018).

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(6) Extent and quality of the sustainability reporting of
the Flight Center Travel Group against the sustainability
reporting disclosure index
Flight Center Travel Group constrained has solid corporate administration methods that has
the correct mix so as to make an effective assets empowered organization. Flight Center
Travel Group has made board of directors indulged in working as compensation council,
hazard and review advisory group, designation panel, and the supportability panel. Flight
Center Travel Group has guaranteed straightforwardness prompting trust and with due regard
of the networks as being associated with. Organization conforms to straightforward needs so
as to do it with activities that reflects GRI (Global Reporting Initiative) and Australian
expense straightforwardness code (Ali, Frynas, & Mahmood, 2017). The organization
monetarily underpins extractive modern straightforwardness activity with enrolment. Flight
Center Travel Group surveys the vitality supply choices so as to discover practical supplies
and to diminish the Greenhouse Gas emanations if conceivable. Vitality costing presents
significant part identified with the operational use and the disturbance in stockpile, which has
direct effect on generation (Petrenko, Aime, Ridge, & Hill, 2016). With steady with
requirements of condition measures, the business arranging procedures thinks about vitality
use and distinguishes the vitality powerful beginning (Harrison, Freeman, and Abreu, 2015).

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Source: (Flight Center Travel Group, 2018).
When reviewing the core of the manageability reports of Flight Center Travel Group, being a
mining organization, it is significant for the organization to accomplish the nature of reports
as being dictated by the GRI table. It is seen that associations have been setting up the GRI
principles as being guaranteed in report of corporate administration. Flight Center Travel
Group has been confronting issues in keeping up its inventory network particularly with
detention and inherent risk. However, GRI system is not extremely suitable in the production
network (Flight Center Travel Group, 2018). The organization has not aligned CSR reporting
with its GRI sustainability reporting framework.

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With social and economic obligation of the company in yearly reports concerning CSR and
by improvement of corporate administration system proper alignment is set between the
corporate reporting and CSR reporting. The fundamental point of CSR is to improve and
transparency of its corporate holdings (Agyemang, & Ansong, 2017).The sustainability
reports license the associations so as to impart to the partners to accomplish the objectives of
CSR and other feasible advancement. It is analysed that CSR is a set up and maintainable
report as being distributed by Flight Center Travel Group where organization esteems social,
monetary, and ecological impact in each activity. Here is a report introducing to the
organization's administration and qualities that will at long last exhibit the connections
between the methodology and responsibility for feasible monetary circumstances on
international level. It incorporates negative social, ecological, and monetary effect while
thinking about human rights. It will incorporate scope of exercises, for example,
advancement the instruction, aligning the interest of the organization with the social and
economic development.
.

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References
Agyemang, O. S., & Ansong, A. (2017). Corporate social responsibility and firm
performance of Ghanaian SMEs: Mediating role of access to capital and firm
reputation. Journal of Global Responsibility, 8(1), 47-62.
Ali, W., Frynas, J. G., & Mahmood, Z. (2017). Determinants of corporate social
responsibility (CSR) disclosure in developed and developing countries: A literature
review. Corporate Social Responsibility and Environmental Management, 24(4), 273-294.
Mike Dries, M., & Galvao, A. (2018). Corporate Social Responsibility Reporting. Retreived
from: https://www.apics.org/apics-for-individuals/apics-magazine-home/magazine-detail-
page/2018/05/02/corporate-social-responsibility-reporting
Petrenko, O. V., Aime, F., Ridge, J., & Hill, A. (2016). Corporate social responsibility or
CEO narcissism? CSR motivations and organizational performance. Strategic Management
Journal, 37(2), 262-279.
Rao, K., & Tilt, C. (2016). Board diversity and CSR reporting: an Australian study. Meditari
Accountancy Research, 24(2), 182-210.
Flight Center Travel Group , (2018). Annual reports. Retrieved from:
http://www.fctgl.com/wp-content/uploads/2018/09/Computershare-FLT-Final-Annual-Report.pdf 4

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Appendix