Accounting in Context: Reflection on Sustainability Reporting Analysis

This report reflects on the concept of sustainability reporting within an accounting context. It explores the definition and importance of corporate sustainability, emphasizing the responsibility of enterprises for their societal impact. The report delves into the benefits of sustainability reporting, including material advantages, stakeholder engagement, regulatory compliance, and efficient governance. It examines the application of stakeholder and legitimacy theories in explaining corporate social responsibility and environmental disclosures. The reflection highlights the significance of corporate sustainability reports for organizations to effectively communicate their environmental, economic, governance, and social performance. It also emphasizes the importance of transparency and ethical considerations in maintaining business processes and achieving positive societal impacts, including the need for companies to disclose their corporate sustainability reports properly. The report concludes that every organization should maintain corporate sustainability reports efficiently.

Running head: ACCOUNTING IN CONTEXT
Accounting in Context
Name of Student
Name of the University
Authors’ note

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Table of Contents
Reflections about the learning of Sustainability Reporting:..........................................3
References:.....................................................................................................................6

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Reflections about the learning of Sustainability Reporting:
Generally, the sustainability report is one type of report, which is published by an
organization about the environmental, economics and the social impacts that caused due to its
everyday operations. Such a statement is used to present organizations’ different values and
governance model. It is also used to provide a demonstration with the link between the
organizations’ strategy and commitments toward the overall sustainability of the global
economy (Belal 2016). The corporate sustainability reporting usually helps an organization to
measurement, understand and also to communicate their environmental, economic,
governance and the social performances in case of setting their overall organizational goal.
Usually, a sustainability report is considered as the key platform for communicating
organizations sustainability performance and different impacts. Such a report is an essential
component of integrated reporting that generally used for evaluating both the financial and
non-financial performance of an organization.
Normally establishing and maintaining the trust in relating to business and
governments, is considered as the fundamental rule in the case to achieve a sustainable
economy. Day to day decisions and operations of a company and the law determined by the
government have direct impacts on the stakeholders of an organization. Those decisions are
not only based on financial information, and those usually are relating to the assessment of
risk and opportunity using the information on a wide range (Edgeman et al. 2015). The value
in relating to sustainability reporting methods generally ensures the organization about its
sustainability issues. Such issues impacts either positively or negatively and also enable the
organization about risk and opportunity in a transparent manner. Every stakeholder has also
performed a crucial role in the case of identifying the risk and opportunities relating to the
organizations for providing and increasing the transparency for making business decisions.

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Corporate sustainability report relating to society is mainly dealing with the firm’s
exposure to political, economic and some social pressures. Usually, the organization in the
case to legitimize their performance used behavioural motivation compatibility with
perceived goals of society. Such recognized purposes are generally representing the various
interest individual group, such as environmental public interest groups (Ioannou and Serafeim
2017). The sustainability report is issued by all types of companies and organizations, sectors
from every corner of the world.
The normal benefits that derived from the sustainability reporting in case of future
growth for an organization are as follows;
 The material benefits, which is relating to transparency, more interactions with the
individual stakeholders and also the assurance methods relating to internal and
external values of an organization.
 In consistent format that helps an investors to integrate some issues relating to
investment procedures.
 Compliances with the relevant laws and standards that issued and find beneficial for
an organization.
 Efficient governance and management policies relevant for an organization.
 Use to minimize the energy and resources in case to waste-creation in organizations
operations.
 Potential cost savings procedures in case of overall performance of an organization.
 Comprehensive risk management and brand management that influenced the
performance of an organization.
It can be conclude from the above discussion that in case of maintain the business
process positively and for overall positive impacts on the society an organization is need to

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disclosed their corporate sustainability report properly. It covers sustainability, some social
impacts and also the followed the ethical manner efficiently in case to derive organization’s
overall objectives properly. So for every organization it is required to maintain corporate
sustainability report efficiently.

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References:
Belal, A.R., 2016. Corporate social responsibility reporting in developing countries: The
case of Bangladesh. Routledge.
Edgeman, R., Neely, A., Eskildsen, J., Kozlowski, A., Searcy, C. and Bardecki, M., 2015.
Corporate sustainability reporting in the apparel industry. International Journal of
Productivity and Performance Management.
Ioannou, I. and Serafeim, G., 2017. The consequences of mandatory corporate sustainability
reporting. Harvard Business School research working paper, (11-100).
Maas, K., Schaltegger, S. and Crutzen, N., 2016. Integrating corporate sustainability
assessment, management accounting, control, and reporting. Journal of Cleaner
Production, 136, pp.237-248.