Whitbread PlcSection A. Environmental ReportingEnvironmental reporting simply is a description of the different ways companies divulge information regarding their environmental activities. Therefore, White bread environmental report should be composed of two categories; the mandatory disclosure which requires it to disclose pollutants according to the authorities in charge and the other category is voluntary disclosure whereby the company reports any environmental information voluntarily to the public (Brophy and Starkey, 2007). The mandatory scheme presents a potent incentive for Whitbread to trim down its toxic release. The Whitbread environmental reporting should therefore include an introductory statement which states the company name, sector, main and side activities, environmental authority and licensed aspects (KPMG, 2008).
There should also be a management report which explains deviation from last year’s account and choice of environmental data, health and safety issue. Finally according to Jones (2008), environmental data should be included and this should touch on energy, water and raw material consumption by Whitbread Plc, facts about pollutants to water air and soil. Social Reporting Just like many a few other companies, Whitbread Plc should be transparent about the social impact of its business activities.
By doing social reports Whitbread Plc is at a position to examine key social risks and opportunities in the perspective of its business operation (Brophy and Starkey, 2007). Therefore, Whitbread social report should consider the following aspects; where the company is, where the company has been and where the company is going. In the report there should be an assurance to the consumers about the ethical implication of their purchase, an assurance to the investor about the safety of their investment as social risks are taken care of, the communities as well civil society organizations should be assured of the safety of their social relations and environment and finally the employees should be assured of the safety of the company they offer their services for (EPA, 2009).
The above two reporting are very important for all companies to undertake. First of all, according to Verfaillie and Bidwell (2000), environmental report is a mandatory for companies and those who fail to do so face the risk of being fined heavily. Jones (2008) stated that, it is a sign of responsibility by the companies and especially those in consumer goods as they reassure their clients of their accountability and care for their well being.
Thirdly environmental and social reporting is keeps the companies on their toes regarding pollution and toxins release to the environment. This is by conducting environmental and social audits based on the reports they have given. If the companies are to be given freedom regarding these issues not only would the existence of human kind be threatened by the companies’ own survival and existence would be thwarted.
Last but not least, KPMG (2008) highlighted in their report that these reports are very important for policy formulations; governments and relevant organs will come up with new policies and amend existing ones based on the kind of audited reports the companies give. The companies themselves are will carry out their own policy formulations as they deem fit based of the results indicated in their reports so that their business operations is guaranteed of continuity through consumer satisfaction.