Accounting and Reporting for Sustainability-Samples for Students
Answer:
The major categories of indicators that ANZ reports against are as follows:-
- Fairness and ethical conduct is considered as an important issue regarding both the internal and external stakeholders (Ioannou & Serafeim, 2017),
- The high rating of Corporate Governance, which portrays greater transparency in communication (Gurarda, 2015),
- Responsible lending to business, which involves the skilled management of the social and environmental impacts relating to the lending decisions, and they are treated as the core to the risk management of the organization,
- Emphasis on anti-corruption practices like anti-money laundering and terrorism financing,
- Financial system stability and regulation,
- Emphasis on consumer privacy by looking after data security and preventing fraudulent activities,
- Investing in the local communities,
- Environmental footprint,
- Maintaining a sustainable supply chain.
The ANZ bank determines these indicators by bringing about necessary changes to its ‘Sustainability Framework’ (Hahn & Kühnen, 2013). The framework focuses on the sustainable growth of business and individuals, ensuring social and economic participation at all levels of the society and conducting a fair and responsible banking process. This allows the bank to ensure that proper focus is given to its business strategy as well as its purpose, which is to promote the development of communities and individuals. The bank is also committed to the United Nation’s Sustainable Development Goals and conducts its operations in accordance to them.
The term ‘responsible banking’ in relation to ANZ means to keep up with the changing expectations of its stakeholders and maintaining their trust, ensuring the maintenance of high standards of conduct and being aware of the social and environmental impacts of its various business decisions.
Discussion Forum
According to the given case study, Alan Mcgill’s statement saying that the environmental costs are not fully included in the price of products means that Puma’s costs regarding the usage of natural resources and the costs that are associated with the impacts on the environment, are not included in the price which is paid for the products.
Puma as well as its parent company PPR home, went to such lengths as to go beyond regulatory requirements with the disclosure of their E P&L account because, it would provide Puma a detailed understanding of the impacts on the environment caused by its business decisions. It would allow the company to adopt various actions that would have a positive impact on its sales and would also help the company in protecting and preserving the natural resources its business relies on (Schaltegger & Burritt, 2017).
References
Gurarda, S. (2015). Environmental management accounting. Handbook of research on developing sustainable value in economics, finance, and marketing, 278-296.
Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: a review of results, trends, theory, and opportunities in an expanding field of research. Journal of cleaner production, 59, 5-21.
Ioannou, I., & Serafeim, G. (2017). The consequences of mandatory corporate sustainability reporting.
Schaltegger, S., & Burritt, R. (2017). Contemporary environmental accounting: issues, concepts and practice. Routledge.
Buy Accounting and Reporting for Sustainability-Samples for Students Answers Online
Talk to our expert to get the help with Accounting and Reporting for Sustainability-Samples for Students Answers to complete your assessment on time and boost your grades now
The main aim/motive of the management assignment help services is to get connect with a greater number of students, and effectively help, and support them in getting completing their assignments the students also get find this a wonderful opportunity where they could effectively learn more about their topics, as the experts also have the best team members with them in which all the members effectively support each other to get complete their diploma assignments. They complete the assessments of the students in an appropriate manner and deliver them back to the students before the due date of the assignment so that the students could timely submit this, and can score higher marks. The experts of the assignment help services at urgenthomework.com are so much skilled, capable, talented, and experienced in their field of programming homework help writing assignments, so, for this, they can effectively write the best economics assignment help services.
