Exam 26: Accounting for Corporate Social Responsibility

Gray,Owen and Adams define accountability as 'the duty to provide an account or reckoning of those activities that have been undertaken by an entity in a specified period of time'.

The body/bodies that have been proactive in providing environmental reporting guidelines/framework include:

Which reporting approaches have been adopted in reporting social and environmental performance?

Social-responsibility reporting may be defined as:

Global Reporting Initiative's (GRI)Sustainability Reporting Guidelines provide guidance to best practice reporting.These include reference to the following reporting principles:

A specific UK requirement for companies to provide environmental information in their annual reports is available in IAS 37 Provisions,Contingent Liabilities and Contingent Assets.

Sustainable cost has been defined by Gray and Bebbington as:

Discuss the objectives for an integrated reporting framework.

According to Gray,Owen and Adams,accountability involves:

What are the social and financial reporting implications of discounting environmental related liabilities?

The 'social contract' (or community licence to operate)is considered to be an implied contract constituted by the expectations that society holds about the conduct of an organisation.

Discuss the concept of the 'community licence to operate'.