1 BAO 3309 Advanced Financial Accounting Semester 2 2012 Individual assignment Assessment Weight: 20% Due Date: (Week 9, 24 th September 2012) Research Essay: Corporate sustainability reporting Word...

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BAO 3309 Advanced Financial Accounting Semester 2 2012



Individual assignment



Assessment Weight: 20%



Due Date: (Week 9, 24thSeptember 2012)



Research Essay: Corporate sustainability reporting


Word limit: 2500 words (excluding abstracts and references)

Required:



  1. Provide a summary of the purpose of Corporate Sustainability Reporting by referring to the Global Reporting Initiative’s Sustainability Reporting Framework (G3.1) available at https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf



  1. Critique Stakeholder Theory and Legitimacy Theory that you have learnt in this subject (See Deegan, 2009, Financial Accounting Theory, pp. 318-378) and the literature about the empirical application of the two theories published in academic journals (see Referencing and Style Item 2.2 on page 2) in explaining the motivators for corporate voluntary sustainability reporting practice



  1. Identify two multinational companies from the Global 500 in 2012 (available at http://money.cnn.com/magazines/fortune/global500/2012/full_list/index.html) and compare their reporting on economic, environmental and social aspects in their annual reports and standalone sustainability reports for the reporting year 2011



  1. Discuss how legitimacy is managed through reporting by the two companies (in Item 3 above) from the perspectives of Stakeholder Theory and Legitimacy Theory




References


1. Global Reporting Initiative website
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
2. Global 500 companies in 2012
http://money.cnn.com/magazines/fortune/global500/2012/full_list/index.html)
3. Deegan, C. Financial Accounting Theory, 3rd Ed, McGraw Hill 2009
4. EJournalSearch/
See next page for further information2
The following matters should be given particular attention:

1. Submission of your assignment


1.1 Submission of this assignment by due date (24th September) is compulsory for successful completion of the subject. The electronic copy must be submitted through WebCT Turnitin by due date.
The printed copy along with a Turnitin Similarity Report
(less than 20% similarity required) can be submitted to your lecturer at the conclusion of the lecture you normally attend in Week 9. Students may also submit assignments through assignment drop box located in front of
School of Accounting office G3.02
on or before the due date.
1.2 The printed copy must be the
identical
version of the electronic copy submitted through Turnitin at Webct. Inconsistent version of the printed copy and the electronic copy will result in a Fail grade (Note: If you cannot submit your assignment through Turnitin due to a technical problem then email your assignment before the due date to your unit coordinators immediately. You cannot withdraw an assignment from Turnitin after the due date).

2. Referencing and style


2.1 Assignment must be typed using Word document and double-spaced with a normal margin (i.e. 3cm)
2.2 Evidence of extensive research beyond the prescribed texts is required. Students should refer to journals such as
Accounting Forum, Business Strategy & the Environment (John Wiley & Sons, Inc), The International Journal of Accounting, Journal of Business Ethics
which are available on the electronic journals webpage
2.3 The required referencing style is Harvard .Essays not using the required referencing style or not showing
in-text and end of text
references will be returned unmarked
2.4 Avoid Plagiarism
University and the School of Accounting and Finance views plagiarism as a serious breach of academic discipline. All students of the School should familiarize themselves with the content of this document.
Academic Honesty and Preventing Plagiarism Policy states plagiarism as
‘The practice that involves use of another person’s intellectual output and presenting it (without appropriate acknowledgement) as one’s own’. 3
Examples of Plagiarism:
• Word-for-word copying of sentences/paragraphs in an assignment without acknowledgement or with insufficient or improper acknowledgement;
• Downloading essays or assignments from the web and presenting these for assessment;
• Presenting another student’s work or research data as the student’s work;
• Copying out parts of any text without acknowledging the source(s). This may be written text, structures within texts, diagrams, formulae, sound files, still photographs, audio-visual material (sound and image files), graphics/animations/multimedia objects, other computer based material, mathematical proofs, art objects, products and others. This can be done as verbatim copying or paraphrasing.
• The use of someone else’s concepts, experimental results, experimental conclusions or conclusions drawn from analysing evidence or arguments without acknowledging the originator of the idea(s) or conclusion(s).

Assignment Marking Sheet

























































































Student Name………………………………………..Student No……………….



Part 1


Total of 15 marks


Marks

Quality in summarising corporate sustainability reporting15

Part 2


Total of 25 marks

Quantity of international publications identified5
Quality in critique of Stakeholder Theory5
Quality in critique of Legitimacy Theory5
Level of discussion of empirical application of the Stakeholder Theory and Legitimacy Theory to investigating motivators for corporate sustainability reporting practice10

Part 3


Total of 25 marks


Marks

Overview of each companies and an inclusion of website link to the annual report and sustainability report5
Similarities and differences in level of detail provided (reporting content)10
Discussion the similarities and differences way companies portray themselves (how company present themselves, e.g. positive, negative or neutral, objective image)10

Part 4


Total of 25 marks


Marks

Level of detail in discussion of the concept of ‘legitimacy’ from Stakeholder Theory and Legitimacy Theory perspectives10
Level of detail in discussion of each theory as an explanation for the way companies portray themselves15

Presentation


Total of 10 marks


Marks



• adoption of correct referencing style

5


• correct use of structure such as Abstract, introduction and conclusion, logical flow of assignment

5
Total marks100/100
Total mark out of 100 reduced to a mark out of 2020/20
Answered Same DayDec 20, 2021

Answer To: 1 BAO 3309 Advanced Financial Accounting Semester 2 2012 Individual assignment Assessment Weight:...

Robert answered on Dec 20 2021
130 Votes
CORPORATE SUSTAINABILITY REPORTING
CORPORATE
SUSTAINABILITY
REPORTING
ESSAY


STUDENT’S NAME:
9/22/2012

C O R P O R A T E S U S T A I N A B I L I T Y R E P O R T I N G P a g e | 1
CORPORATE SUSTAINABILITY
REPORTING
CONTENTS
1. INTRODUCTION……………………………..2
2. PART 1…………………………………………3-6
3. PART 2…………………………………………7-9
4. PART 3…………………………………………10-13
5. PART 4…………………………………………14-15
6. CONCLUSION………………………………...16
7. REFERENCES…………………………………17-18
C O R P O R A T E S U S T A I N A B I L I T Y R E P O R T I N G P a g e | 2
INTRODUCTION

Corporate Sustainability Reporting discusses about the conceptual issues of an
organization, explores current sustainability reporting trends, presents thre
e templates
for reporting on progress and recommends reporting element which demonstrate
leadership in sustainability reporting. This report is very different from the health,
safety and environmental report because it mainly presents a holistic picture of company
activities and also gives a balanced view of trade-offs and benefits among
environmental, economic and social impacts. Other reports also give information on
economic performance but do not all three dimensions. Among all the other reports only
a few of them mention a relationship between economic and environmental activities.


C O R P O R A T E S U S T A I N A B I L I T Y R E P O R T I N G P a g e | 3
PART 1

“Sustainability Reporting is the practice measuring, disclosing and being accountable
to external and internal shareholders for organizational performance towards the goal of
sustainable development.” https://www.globalreporting.org/resourcelibrary/G3.1-
Guidelines-Incl-Technical-Protocol.pdf . It is mainly used to describe reporting on
various aspects such as environmental, economic and social impacts. In economic
aspect it is mainly concerned with the economic conditions of the stakeholders and on
the economic system at all the levels. Environment aspect mainly covers performance
related to inputs and outputs and social aspect mainly coves society, labour practices,
human rights and product responsibility. It gives a sustained performance of a company
and these reports are generally based on the GRI Reporting Framework which
discloses those results and outcomes that have occurred within the reporting period. It
also helps to provide a balanced and reasonable representation of sustainability
performance for moth positive and negative contribution.
Sustainability Reporting is used for various purposes which are discussed below:
 Benchmarking: these reports help to benchmark sustainability performance
with respect to norms, codes, laws, voluntary initiatives and performance
standards.
 Demonstrating: these reports help to demonstrate that how an organization gets
influenced or influences on sustainable development.
 Comparing: it also helps to compare the performance of various other
organizations and even some comparison within an organization.
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
C O R P O R A T E S U S T A I N A B I L I T Y R E P O R T I N G P a g e | 4
The main goal of Sustainable development is to “meet the needs of the present
without compromising the ability of the future generations to meet their own needs.”
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-
Protocol.pdf. The main challenge of sustainable development is to bring new and
innovative choices of thinking and these new innovations and knowledge are
challenging organizations to make new choices in the way their products, services
and activities impact people, earth and economies.
Sustainability Reporting has many benefits which are discussed below:
 It helps in potential cost savings.
 It generally follows a consistent format which helps the investors to integrate
ESG issues into investment processes.
 It gives material benefits like interaction with stakeholders, transparency and
assurance processes with external and internal value.
 Compliance with laws and standards.
 Comprehensive risk management.
 Minimize use of energy and resources and waste-creation in operations.
 Business Strategy incorporates sustainability.
The Global Reporting Initiative is that organization which helps to promote economic
sustainability. “GRI Reporting Framework contains general and sector-specific
content that has been agreed by a wide range of stakeholders around the world to be
generally applicable for reporting an organization’s sustainability performance.”
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-
Protocol.pdf.
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
C O R P O R A T E S U S T A I N A B I L I T Y R E P O R T I N G P a g e | 5
GRI G3.1 Guidelines mainly consist of three sections namely:
 Strategy and Profile.
 Performance Indicators.
 Disclosure of Management Approach.
Under Strategy and Profile all disclosures are mandatory to be reported by any
organization in the sustainability report. It covers those disclosures which help to set the
overall context to understand organizational performance such as its strategy, profile
and governance.
Under Performance Indicators section at least 20 indicators need to be reported. This
is mainly done to achieve B+ Level Report. It consists of those indicators which elicit
comparable information on the environmental, social and economic performance of the
organization.
Disclosure of Management Approach is also mandatory for a sustainability report as
it includes those disclosures which shows that how an organization addresses various
topics in order to provide context for understanding performance in a specific area.
The three principles which are to be followed by G3.1 Guidelines are content, quality
and boundary. “Reporting Principles describe the outcome a report should achieve and
guide decisions throughout the reporting process, such as selecting which topics and
indicators to report on and how to report on them.”
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-
Protocol.pdf. And each of these principles includes a definition, an explanation and set
of tests with the help of which it can assess to use these principles. These principles help
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
C O R P O R A T E S U S T A I N A B I L I T Y R E P O R T I N G P a g e | 6
to bring more transparency in the sustainability report. These are organized mainly in
two groups:
1. Principles which help to determine topics and indicators on which organization
should report and
2. Principles which ensure quality and presentation of the reported information....
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