Simple Hospitality Ltd: CFO Report on Sustainability Practices
VerifiedAdded on 2023/04/23
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Report
AI Summary
This report, prepared for Simple Hospitality Ltd as a CFO, addresses the company's social and environmental impact. It begins with an introduction to sustainability reporting and its significance, emphasizing the need for businesses to consider their external impact and align with sustainable development goals. The report identifies unsustainable practices relevant to Simple Hospitality Ltd, such as environmental degradation from plastic use and chemical production. It then discusses the costs associated with social and environmental reporting, including corporate/management costs, CSR costs, and sustainability reporting costs, while also highlighting the benefits such as competitive advantages, enhanced organizational image, and transparency. Various stakeholders, including employees, society, government, shareholders, and financiers, are considered. The report suggests the form that sustainability reporting should take, including both financial and non-financial information and proposes methods of disclosure. The conclusion stresses the importance of adopting regular reporting and striving towards environmental and social responsibility, referencing supporting academic literature.
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