The paper "Corporate Social Responsibility and Sustainable Development" is a great example of an assignment on management. Accountants might not be the last hope for the world’ s ecosystems but they contribute significantly towards their conservation. This is mainly achieved through sustainability reporting, which enables organizations to monitor the impact of their economic activities on the environment. A notable step towards sustainability reporting is the adoption of the Global Reporting Initiative (GRI), which provides a comprehensive sustainability reporting framework that facilitates greater organizational transparency. The framework, which includes Sustainability Reporting Guidelines prescribes the Standard Disclosures and Principles that organizations can use to report their economic, social, and environmental performance and impacts (GRI, 2015).
Because they are required to produce a sustainability report at the end of each financial year, organizations are prompted to engage in sustainable supply chain management, which entails the pursuit of sustainability objectives through the purchasing and supply process, incorporating social, economic, and environmental elements. Sustainability reporting is a broad term synonymous with other terms such as corporate responsibility reporting and triple bottom line that generally refer to reporting on social, economic, and environmental impacts of an organization.
This practice has been in existence for at least two decades now, only it has not received adequate attention from several stakeholders who cannot fathom that accountants are also capable of engaging in environmental conservation. The truth of the matter is that many accountants are currently making deliberate efforts to ensure that they provide a balanced and reasonable representation of the sustainability performance of their organizations. The individual contribution of the accounting body towards environmental conservation is invaluable because accountants are in a unique position to curb environmental pollution at its roots.
It is worth noting that large multinational corporations in the mining industry are perhaps the major contributors to environmental pollution owing to the scale of their operations. If accountants can significantly reduce the rate at which these corporations are polluting the environment, then there is a very high likelihood that they are indeed the last hope for the world’ s ecosystems.
[GRI] Global Reporting Initiative. (2015, May 18). Reporting Framework Overview. Retrieved from globalreporting.org: https://www.globalreporting.org/reporting/reporting-framework-overview/Pages/default.aspx
Centre for Social and Environmental Accounting Research. (2010, November 8). News, events, thoughts and musings on sustainability accounting and accountability. Retrieved from csearweb.blogspot.com: http://csearweb.blogspot.com/2010/11/are-accountants-last-hope-for-worlds.html
Gleeson-White, J. (2014). Six Capitals, or Can Accountants Save the Planet?: Rethinking Capitalism for the Twenty-first Century. New York: WW Norton.
GRI. (2011, September 26). Sustainability Reporting Guidelines. Retrieved from Global Reporting Initiative: https://www.globalreporting.org/resourcelibrary/G3.1-Guidelines-Incl-Technical-Protocol.pdf
GRI. (2013, May 14). Sustainability Reporting Guidelines. Retrieved from Global Reporting Initiative: https://www.globalreporting.org/resourcelibrary/GRIG4-Part1-Reporting-Principles-and-Standard-Disclosures.pdf
Sikka, P. (. (2008). Enterprise culture and accountancy firms: new masters of the universe. Accounting, Auditing & Accountability Journal, 21(2), 268-95.
Transparency International. (2010, May 18). Accounting can change the world. Retrieved from blog.transparency.org: https://blog.transparency.org/2010/08/06/accounting-can-change-the-world/
Watts, J. (2010, October 28). Are accountants the last hope for the world's ecosystems? Retrieved from The Guardian: http://www.theguardian.com/environment/2010/oct/28/accountants-hope-ecosystems