The paper " Purpose of Corporate Sustainability Reporting" is a wonderful example of an assignment on business. There has been a dramatic rise in the number of companies that provide corporate sustainability reports. Corporations have since seen the need and benefit of providing stand-alone sustainability reports on a regular basis. Sustainability reporting encompasses reporting on social, economic, and environmental facets of the company. In recent years, organizations have realized that their success is not only pegged on their economic sustainability, but environmental and social sustainability also plays a part (Mermod & Idowu 2014, p.
137). Sustainability reporting uses the global reporting initiative framework which discloses results and outcomes that have occurred within the period of reporting in the perspective of commitments, management, and strategy of the organization (Global Reporting Initiative 2006). The process of sustainability reporting consists of three elements, that is, inputs, processing, and outputs. Sustainability reporting inputs include source documents, transactions, and events that pertain to performance. The element of processing is used in the classification of measures, recognition, and reporting activities according to sustainability reporting guidance. The final element outputs are the sustainability reports covering the performance of the corporation.
It discloses both financial as well as non-financial key performance indicators (Brockett & Rezaee 2012, Chapter 3). Sustainability reporting is the most integrative and comprehensive way of delivering corporate reports. This form of reporting has gained attention among various industry players including consulting firms, research institutions, non-governmental organizations, and government institutions (Godemann & Michelsen 2011, p. 152). Organizations are recognizing sustainability as the 21st-century crucial business challenge and hence reporting of economic, social, and environmental performance together with its mutual interrelations has led to its increase in worldwide business mainstream.
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