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Hi, Im a bit new to this toic so hoping you can clear a couple of things up
WHat would you say are the main reasons to considered when discussing the need for more controlled CSR and sustainability reporting?…especially within the context of accounting
And what would you say are the current shortfalls in the reporting system?
hi
When you view CSR and IR in the context of accounting you would primarily be asking “how does Accounting impact CSR /IR and vice versa?”
As far as CSR reporting is concerned, it is a fairly debated ideology with there still being no unanimity in the form or manner of reporting. There are, however various institutional guidelines (one of them being GRI) which are voluntary reporting guidelines on sustainability/CSR and are widely used by organizations especially in Europe and Asia-Pacific.Some of the reasons for more controlled CSR reporting are:
1) enhancing stakeholder confidence
2) information needs of stakeholders vary
3) increasing organizational legitimacy
4) cost/benefit analysis etc
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