Sustainability Reporting: Exploring Practices, Issues, Recommendations

This presentation examines sustainability reporting, focusing on its practices, issues, and recommendations. It begins with an introduction to sustainability reporting, highlighting the importance of corporate responsibility, the Global Reporting Initiative (GRI) framework, and its role in the Australian context. The presentation then delves into the issues and practices of sustainability reporting, including target audience considerations, report accessibility, data reliability, and stakeholder analysis. It also critiques the potential for financial reporting issues, such as hiding financial information. Finally, the presentation concludes with recommendations, such as adopting technological systems, extending reporting across value chains, and utilizing G4 guidelines for improved business models. The presentation includes a reference list of relevant academic sources.

GOOD GUYS
SUSTAINABILITY
REPORTING IN
ACCOUNTING
Group Presentation

OVERVIEW OF THE
PRESENTATION
 Introduction
 Issues & Practices in Sustainability
Reporting
 Stakeholder Analysis
 Conclusion & Recommendations
 Reference Lists

INTRODUCTION
 Sustainability reporting is adopted by
organizations for their corporate responsibility
endeavors.
 Reports reflect social, environmental and
economic strategies undertaken by companies
in order to generate impacts on community
and environment.
 Global Reporting Initiatives (GRI) provides
framework of performance standards that
needs to be followed.
 Australian Centre for Corporate Social
Responsibility makes it integral for companies
to integrate sustainability reporting.

ISSUES & PRACTICES IN
SUSTAINABILITY REPORTING
 Deciding upon target audience
 Forming long and inaccessible reports
 Collecting reliable performance data

STAKEHOLDER ANALYSIS
 Making inappropriate financial
statements towards financial reporting.
 Hiding loans, leases, losses that might
deter impact of sustainability reporting
standards.
 Undertaking unhealthy financial
decisions.

CONCLUSION &
RECOMMENDATIONS
 Adopting technological systems for
communicating and reporting of data.
 Extending reporting to be undertaken
across value chains.
 Applying G4 guidelines for better
reporting business models.

REFERENCE LISTS
 Aras, G. and Crowther, D., 2009. Corporate sustainability
reporting: a study in disingenuity?. Journal of business
ethics, 87(1), p.279.
 Etzion, D. and Ferraro, F., 2010. The role of analogy in the
institutionalization of sustainability reporting. Organization
Science, 21(5), pp.1092-1107.
 Guthrie, J. and Farneti, F., 2008. GRI sustainability reporting
by Australian public sector organizations. Public Money and
management, 28(6), pp.361-366.
 Milne, M.J. and Gray, R., 2013. W (h) ither ecology? The triple
bottom line, the global reporting initiative, and corporate
sustainability reporting. Journal of business ethics, 118(1),
pp.13-29.
 O’Dwyer, B., Owen, D. and Unerman, J., 2011. Seeking
legitimacy for new assurance forms: The case of assurance
on sustainability reporting. Accounting, Organizations and
Society, 36(1), pp.31-52

Thank You

Any Questions?