Within this module the future developments of accounting and reporting is considered. As part of this lecture content relating to corporate social (or sustainability) reporting is covered. First, arguments as to why corporations may choose to disclose information on the social and environmental impacts of their activities is discussed. Insights from academic literature into the theoretical and empirical reasons why companies voluntarily report on their social and environmental performance are referred to here. Second, the Global Reporting Initiative’s (GRI’s) sustainability reporting guidelines are discussed. This content considers the principles that underpin the GRI’s guidelines and how these compare to more traditional accounting principles. It also provides some detail on the required content in terms of the economic, environmental and social indicators identified within the guidelines. The extent to which sustainability reporting is being currently practiced is considered through an exploration of the GRI reports list. The students are encouraged to explore these issues further and related material is made available to them.
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