Social and Environmental Reporting

Social and Environmental Reporting Essay example
Masters
Essay
Finance & Accounting
Pages 6 (1506 words)
Download 0
<University> Social and Environmental Reporting by <Your Name> 6/12/2011 <Lecturer’s Name and Course Number> (a)Identify the main reasons why companies undertake social and environmental reporting and evaluate the Rolls Royce Group plc Health, Safety and Environment Report 2010 ‘Powering a better world’, against these reasons…

Introduction

This support from the various stakeholders is essential for the company in order to ensure that business continues to exist. Stakeholders of the company are varied – they are investors, lenders, creditors, employees, managers, the environment in which the company operates, government, general public and local community. The co-operation between the multiple stakeholders is essential condition for any company to reach excellence. Stakeholders have a direct effect on the decision of the management. Even if all stakeholders are on board but the local community is against a particular project of the company; productivity is likely to be effected as local community will influence government and the employees. Companies can no longer function in isolation. Their activities are likely to have an impact on various stakeholders and it becomes their duty to keep them informed. (Idowu, 2010) Legitimacy Theory Any organisation operates in a social environment which has certain values which are acceptable and certain others which are not. Every company seeks to establish congruence between the accepted social norms and the social values associated with the company or implied by their activities. ...
Download paper
Not exactly what you need?

Related papers

Environmental And Social Reporting- Rolls Royce Group.
The company operates four segments of civil aerospace, defense aerospace, marine and energy. The company’s highest revenue generating segment is the civil aerospace which generates around 50% revenue of the group. The company has shown consistently progressive and strong performance over the years and is one of the market leaders in all sectors in which operates with an annual turnover of…
A literature review on Environmental Reporting
Basically, there are three types of environmental reporting that include involuntary disclosures, mandatory disclosure and voluntary disclosure (Porritt, 2005). Involuntary disclosure is whereby a company’s information about its environmental activities is disclosed without its consent and against its will. A good example of these kinds of disclosures is press and media exposes. Mandatory…
International Financial Accounting and Social and Environmental Theory
The primary issue concerning social and environmental theory is the way the society determines developments, goals, and innovations in accounting practice. It is generally agreeable that the society and environment in which accounting practices are applicable affects its development to some extent. However, the extent and the framework with which the social and environmental theory has influenced…
Corporate Social and Environmental Accouting Report
This research paper therefore seeks to elucidate the social accounting measures put into place by ANZ Bank in Australia and Citibank in the United States. In its basic connotation, social accounting refers to the process of relaying the information regarding the economic effect of the social and environmental activities of the organization. This is analyzed in the context of particular interest…
Corporate Environmental ,Social and Sustainability Reporting
Defining Sustainability The UN Brundtland Commission (1987) describes, "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs" (UN Commission, 1987). This definition in itself explains why it has been important and necessary for organizations to implement sustainability reporting whether they are in…
Corporate social responsibility reporting
CSER also commonly plays a central role in presenting a good picture of corporate accountability. For a long time now, CSER has been used as the best tool to encourage corporate strategies, policies and management decisions aimed at minimization of adverse environmental impacts of companies’ operations (UNEP, 1998). Since the development of the practices of corporate social environmental…
Corporate social reporting
In a similar manner, disclosing the information associated with the corporate social responsibility activities is an important part of the daily functioning of organizations. Importance of CSR Reports The importance of CSR reporting has emerged because of the lack of dependence on the information provided by organizations, as opposed to their actual contribution towards the society. From the…