social and environmental reporting
SQue
The European Commission adopted on 16 April 2013 a proposal for a directive enhancing the transparency of certain large companies on social and environmental matters. This Directive amends the Accounting Directives (Fourth and Seventh Accounting Directives on Annual and Consolidated Accounts, 78/660/EEC and 83/349/EEC, respectively). The objective is to increase EU companies’ transparency and performance on environmental and social matters, and, therefore, to contribute effectively to long-term economic growth and employment.
Companies concerned will need to disclose information on policies, risks and results as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on the boards of directors.
Social Reporting
Corporate social reporting is referred as the process of communicating the social and environmental effects of economic organisations '. The reporting is also a form of corporate self-regulation integrated into a business model. Its policy functions as a self regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law ethical standards and international norms.
Corporate social reporting is consequent to increasing globalisation, greater environmental and social awareness, and more efficient communication, the concept of companies’ responsibilities beyond the purely legal or profit-related has gained new impetus. In order to succeed, business now has to be seen to be acting responsibly towards people, planet and profit.
Social accounting is not an organised, wholly coherent area or activity. It is wide-ranging, organic and disjointed. At times, it can be contradictory, confusing and divergent. It can be either trivial or profound, conservative or radical.
Social reporting is the preparation and publication of an account about an organisation 's social, environmental, employee, community, customer and other
The European Commission adopted on 16 April 2013 a proposal for a directive enhancing the transparency of certain large companies on social and environmental matters. This Directive amends the Accounting Directives (Fourth and Seventh Accounting Directives on Annual and Consolidated Accounts, 78/660/EEC and 83/349/EEC, respectively). The objective is to increase EU companies’ transparency and performance on environmental and social matters, and, therefore, to contribute effectively to long-term economic growth and employment.
Companies concerned will need to disclose information on policies, risks and results as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on the boards of directors.
Social Reporting
Corporate social reporting is referred as the process of communicating the social and environmental effects of economic organisations '. The reporting is also a form of corporate self-regulation integrated into a business model. Its policy functions as a self regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law ethical standards and international norms.
Corporate social reporting is consequent to increasing globalisation, greater environmental and social awareness, and more efficient communication, the concept of companies’ responsibilities beyond the purely legal or profit-related has gained new impetus. In order to succeed, business now has to be seen to be acting responsibly towards people, planet and profit.
Social accounting is not an organised, wholly coherent area or activity. It is wide-ranging, organic and disjointed. At times, it can be contradictory, confusing and divergent. It can be either trivial or profound, conservative or radical.
Social reporting is the preparation and publication of an account about an organisation 's social, environmental, employee, community, customer and other
Bibliography: 1. Martin Freedman, A.J. Stagliano (2004), ENVIRONMENTAL REPORTING AND THE RESURRECTION OF SOCIAL ACCOUNTING, in Cheryl R. Lehman, Tony Tinker, Barbara Merino, and Marilyn Neimark (ed.) Re-Inventing Realities (Advances in Public Interest Accounting, Volume 10), Emerald Group Publishing Limited, pp.131-144 2. AJRBF Asian Journal of Research in Banking and Finance Vol.2 Issue 4, April 2012, ISSN22497323 Journal of Asian Research Consortium 3. Bebbington, K.J., R.H.Gray and R.C.Laughlin (2001) Financial Accounting: Practice and Principles 3rd Edition (London; Thomson Learning) 4. Bebbington, K.J., R.H.Gray, I.Thomson & D.Walters (1994) "Accountants ' Attitudes and Environmentally Sensitive Accounting