Yakub02
Banned
Contents of an environmental report-
Typically, an environmental report will include an outline of: the entity’s policies towards environmental issues;
any improvements since previous years;
an assessment of the key risks faced and how the company intends to respond;
government legislation on environmental matters and how the entity ensures compliance with the legislation; significant initiatives taken by the company to improve environmental issues;
key environmental performance indicators: targets of the industry and the relative performance of the entity; and
financial information relating to environmental costs, including the entity’s accounting policy. Contents of a social report A social report (which may be combined with the environmental report) may refer to: employee numbers and employee involvement;
employee sick leave, health and safety issues, accidents at work, recruitment of ethnic minorities and the disabled; involvement with local charities and local communities; and working groups to communicate with stakeholders.
The information provided does not have to be audited, but most organisations will request some kind of audit on the information before it is published to enhance its credibility.
Even so, since the content of these voluntary reports is not regulated and not audited, companies can include whatever they choose (the ‘good news’) and omit whatever they do not want in the report (the bad news).
For this reason, voluntary environmental reports have been treated with some caution by readers. Although there are no international standards on CSR reporting, there is a strong trend towards the provision of more information, on a statutory or a voluntary basis, and this trend in Corporate Reporting can be expected to continue in the future.
Typically, an environmental report will include an outline of: the entity’s policies towards environmental issues;
any improvements since previous years;
an assessment of the key risks faced and how the company intends to respond;
government legislation on environmental matters and how the entity ensures compliance with the legislation; significant initiatives taken by the company to improve environmental issues;
key environmental performance indicators: targets of the industry and the relative performance of the entity; and
financial information relating to environmental costs, including the entity’s accounting policy. Contents of a social report A social report (which may be combined with the environmental report) may refer to: employee numbers and employee involvement;
employee sick leave, health and safety issues, accidents at work, recruitment of ethnic minorities and the disabled; involvement with local charities and local communities; and working groups to communicate with stakeholders.
The information provided does not have to be audited, but most organisations will request some kind of audit on the information before it is published to enhance its credibility.
Even so, since the content of these voluntary reports is not regulated and not audited, companies can include whatever they choose (the ‘good news’) and omit whatever they do not want in the report (the bad news).
For this reason, voluntary environmental reports have been treated with some caution by readers. Although there are no international standards on CSR reporting, there is a strong trend towards the provision of more information, on a statutory or a voluntary basis, and this trend in Corporate Reporting can be expected to continue in the future.
