Analysis of Sustainability Reporting in Accounting at Target Company

This report provides an in-depth analysis of sustainability reporting in accounting, specifically focusing on Target Company. It begins with an executive summary and introduction, outlining the significance of sustainability reporting. The report then delves into the global reporting issues faced by Target Company, including international convergence, the complexity of international standards, and the frequency of changes. It examines Target Company's sustainability report, covering governance, operational performance, and stakeholder engagement. The governance section explores decision-making processes and the integration of social and environmental issues. Operational performance focuses on efficiency, waste reduction, and carbon footprint. Stakeholder analysis highlights how the company addresses staff awareness and involvement. The conclusion summarizes the value of sustainability reporting in addressing risks and opportunities, emphasizing stakeholder roles. References to relevant literature are also included.

RUNNING HEAD: Sustainability reporting in accounting
1
Sustainability reporting in Accounting

Sustainability reporting in accounting 2
Executive Summary
A sustainability reporting is a report disseminated by a relationship about the financial, regular
and social effects caused by its general exercises. A maintainability report additionally depicts
the association esteems and organization model and displays the association between its
framework and its duty with respect to a viable overall economy. A sustainability reporting
provides the stakeholders with a reflection on the previous performance and an outlook to the
future reference in respect to environmental, social and governance initiatives. This report can be
considered as identical reporting with various terms for non-financial related reporting, corporate
social duty and more.

Sustainability reporting in accounting 3
Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................4
The Global reporting issues of Target Company.............................................................................4
Understanding the meaning of International convergence..........................................................4
Complexity and structure of the International standards.............................................................5
Frequency, volume or complexity of changes to the international standards..............................6
The Sustainability report of Target Company.................................................................................6
Governance..................................................................................................................................6
Operational performance..............................................................................................................7
Stakeholders.................................................................................................................................8
Conclusion.......................................................................................................................................8
References......................................................................................................................................11

Sustainability reporting in accounting 4
Introduction
This report shows the sustainability reporting of Target Company. Target Company is the second
biggest rebate store retailer in the United States and Company initially Target was opened in
Roseville, Minnesota in 1962. This report explains the sustainability reporting in accounting of
Company in order to assess and analyzes the current social issues in accounting and evaluates
their impacts on the various stakeholders. This report can help the Company to quantify, grasp
and convey their financial, ecological, and social and administration execution and then set the
objectives and oversee the challenges more effectively. This report also describes the global
reporting issues in the accounting of Company in clarifying the monetary, natural and social
effects happened by its daily exercises.
The Global reporting issues of Target Company
According to Bebbington et al. (2014), the global reporting issues in accounting due to the social,
environmental and economic changes can create many problems for the businesses. A good
budgetary reporting framework declaring structure upheld by strong administration, incredible
models, and sound administrative systems is basic to cash related change. High-quality standards
of financial related information, examining and ethics support the monetary and non-budgetary
information are reported in such a manner as they are considered an important part in
contributing to a country’s economic growth and financial stability. The main global issues in
reporting of Company which affect the business activities are described as follows:
Understanding the meaning of International convergence
According to Burritt & Schaltegger (2010), International convergence refers to the objective of
building a single arrangement of an excellent bookkeeping standard that will be utilized
internationally and specifically to diminish the contrasts between the GAAP and IFRS. At the
point when the standards are associated completely and dependably, capital market members will
have superb information and can settle on better choices. The time slack in adopting the

Sustainability reporting in accounting 5
worldwide principles is because of basically to the comprehension of the models. The other issue
was the assurance of the universal guidelines is a direct result of for the most part to the
eccentrics of the models, the irregularity with national culture or potential execution issues. The
following actions are required by each stakeholders group is gathering is included toward the
finish of the report. In spite of the fact that standards are not concurred or embraced by any
formal group of IFAC or some other overall associations, these activities have been made to
empower the target of international convergence (Chen et al., 2010). The following actions are
commenced to solve these issues:
Successful selection of the international standards is subject to the advancement of high-quality
standards.
Integrity in the utilization of the universal measures is key. Preparers, analysts and clients of
cash related clarifications must draw in and bolster consistence with the substance and kind of
the overall principles.
Complexity and structure of the International standards
According to Epstein and Jermakowicz (2010), the members were of the view that the worldwide
models are progressively winding up longer, more complex and controls based and that the
structure and complexity of the standards are influencing to a great extent in an adverse way,
both their selection and implementation. Specifically, reference was made to the widespread
auditing standards on money related instruments and the global inspecting measures on review
hazard, coercion and quality control. Other than this reality, there is the prerequisite for more
usage heading was by and large bolstered. Members concentrate on the significance of applying
the run based approach in widespread standard setting. It was felt that by associations those
tenets are long, complex and benchmarks based are hard to complete and are probably going to
bring consistency brings about a consistence and shirking attitude. Members declared that the
global guidelines setters appear to have practically no affectability for the truth that a couple of
countries need to join their embraced worldwide gauges in national law or direction.
Frequency, volume or complexity of changes to the international standards
It is greatly hard to time for the preparers, analysts and customers of monetary articulations as
not similarly as results of new and changed standards, but also in perspective of the various new

Sustainability reporting in accounting 6
pre imperatives exuding from the gatherings other than the bookkeeping and looking into
standard setters. According to Herzig & Schaltegger (2011), participants tended to paying little
mind to whether the total impact of these movements on the preparers, examiners, and clients of
money related explanations is being checked by that person who set the prerequisites. The
recurrence, volume, and challenges of the progressions to the global guidelines are clear by the
accompanying centers:
Repeated changes of similar standards including changes pivoting International Accounting
Standard Board past stand and changes for the reason of global joining. These unite changes to
the worldwide bookkeeping standards on the presentation of monetary proclamations,
bookkeeping strategies, changes in bookkeeping evaluations furthermore, bungles, the impacts of
changes in outside exchange rates and cash related instruments.
Complex changes requiring critical specific capacity. These fuse changes to the worldwide
bookkeeping measures on money related instruments, incapacity of points of interest and
representative advantages.
The Sustainability report of Target Company
According to Hopwood et al. (2010), sustainability reporting announcing engages associations to
consider their consequences for a broad variety of manageability issues, empowering them to be
more transparent about the dangers and openings the business face. A sustainability report is a
key stage for passing on sustainability execution and impacts whether it is in support or not.
Sustainability reporting is also an essential segment of fused announcing, a later change that
consolidates the examination of financial and non-cash related execution. The sustainability
report of Target Company focus by considering the following factors:
Governance
According to O’Dwyer et al. (2011), the complexity and close interconnections amongst social
and environmental issues need to be explicitly recognized in the administration of Target
Company. In general terms, governance may be defined as a procedure of decision-making
through which society explains and manage its issues. The administration of Company adapts to
large amounts of complexity and vulnerabilities as well as the dynamic character of multi-

Sustainability reporting in accounting 7
stakeholder basic leadership forms. Company investigates the connections between the ideas of
governance and sustainability and discusses their conceivable parts in the retail system.
Company considers governance as a basic leadership process that drives the connection between
the social organizations and people in general undertakings of a given society. Company
comprehends sustainability as a combination of spatial, transient and individual perspectives
rather than a traditional triple base line of economy, environment, and society. The following
factors are considered by Target Company in maintaining the sustainability and governance in
business:
Ensure new governance structure is working effectively across Guardian Media Group.
Support Guardian Media Group on executing its supportability visioning.
Increase Director’s inclusion in continual change.
Operational performance
Target Company focused on accomplishing points of reference in business by making productive
structures and spaces, utilizing assets capable, disposing of waste and limiting our carbon
impression (Qu & Zhang, 2010). Company as a retail leader in smart advancement implies
enhancing groups, neighborhoods and encompassing territories by reviving business regions and
attracting additional services and planning to the area. Company discloses its company carbon
discharges every year through the Carbon Disclosure Project interface opens in another window.
Company carefully about reusing and transfer disposal practices for electronic waste and stock
and materials and Company can use in its supply chain. Company group work together will
enhance packaging outlines by using lesser components, limit the volume of waste and produce,
give or reuse more materials. Company has a long term enthusiasm for outlining, operating
energy efficient and economical structures. The company will probably support sustainable
power source by expanding the quantity of structures with rooftop solar panels to 500 by 2020.
Company progressively meeting parts energy needs with solar panels. At present, Company
stores that use solar power produced in the energy of 15 and 30 percent of their energy from
solar power, facilitating the weight on neighborhood control grids. The company may offer the
sustainable power source testaments for that energy (Rezaee et al., 2010). In other words, the
main focus points of Company in regarding the operational performance are:

Sustainability reporting in accounting 8
Create carbon impression diminishment measures and long-term carbon positive technique.
Embed supportability in the acquisition, company-wide.
Increase the sustainability of our procedures, items, and services.
Stakeholders
According to Van Greuning et al. (2011), Target Company takes care of their staff by creating
the awareness and involvement on sustainability. Business strengthens assurance for
stakeholders and develops online reporting. Target mention their parent company which is
Guardian Media Group was supporting in the production of a sustainability vision and strategy,
joining as a business to the 10:10 campaign and initiating company interactive sustainability
reporting. External specialist supported the advancement of a feasible acquirement technique. A
lot of effort went into understanding the carbon impression of the business innovation and paper
acquiring. The company also created new business ventures such as Guardian Sustainable
Business which will enhance the sustainability of the products and services of a business. Target
Company also expanded staff awareness and involvement with a progression of events and better
inside communication. This effort will bring about strongly enhanced scores in company staff
review on sustainability related problems. The major rebuilding and slimming down of the
business implied that Company governance structure was weakened and gets ready for
executives to have their own personal sustainability goals were postponed. However, by 2010
another governance structure was formalized and being executed.

Sustainability reporting in accounting 9
Conclusion
From this report, it has been concluded that the value of the sustainability reporting procedure
ensures organizations to consider their effects on the sustainability issues and empowers them to
be transparent about the risks and opportunities. Stakeholders accept a fundamental part in
perceiving these risks and open doors for organization particularly those that are non -financial.
This report explains the global reporting issues in maintaining the financial reporting of the
business and the report demonstrates the sustainability reporting of Target Company.

Sustainability reporting in accounting 10
References
Bebbington, J., Unerman, J. & O'Dwyer, B. eds., 2014. Sustainability accounting and
accountability. Routledge. United Kingdom.
Burritt, R.L. & Schaltegger, S., 2010. Sustainability accounting and reporting: fad or
trend?. Accounting, Auditing & Accountability Journal, 23(7), pp.829-846.
Chen, H., Tang, Q., Jiang, Y. & Lin, Z., 2010. The role of international financial reporting
standards in accounting quality: Evidence from the European Union. Journal of International
Financial Management & Accounting, 21(3), pp.220-278.
Epstein, B.J. & Jermakowicz, E.K., 2010. WILEY Interpretation and Application of International
Financial Reporting Standards 2010. John Wiley & Sons. United States.
Herzig, C. & Schaltegger, S., 2011. Corporate sustainability reporting. In Sustainability
communication (pp. 151-169). Springer Netherlands.
Hopwood, A.G., Unerman, J. & Fries, J., 2010. Accounting for sustainability: Practical insights.
Earthscan.
O’Dwyer, B., Owen, D. & 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.
Qu, X. & Zhang, G., 2010. Measuring the convergence of national accounting standards with
international financial reporting standards: The application of fuzzy clustering analysis. The
International Journal of Accounting, 45(3), pp.334-355.
Rezaee, Z., Smith, L.M. & Szendi, J.Z., 2010. Convergence in accounting standards: Insights
from academicians and practitioners. Advances in accounting, 26(1), pp.142-154.
Van Greuning, H., Scott, D. & Terblanche, S., 2011. International financial reporting standards:
a practical guide. World Bank Publications.