SUSTAINABILIT Y ACCOUNTING AND REPORTING PRACTICES IN INDIA
In a world of changing expectations, companies must account for the way they impact the communities and environments where they operate. Businesses can sustain their growth only if society is generally satisfied with their overall contribution to societal well-being. Climate change, community healt...
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| Format: | Article |
| Language: | English |
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Srusti Academy of Management
2018-06-01
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| Series: | Srusti Management Review |
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| Online Access: | http://www.srustimanagementreview.ac.in/paperfile/873862645_5SUSTAINABILITY%20ACCOUNTING%20AND%20REPORTING.pdf |
| Summary: | In a world of changing expectations, companies must account for the way they impact the communities and environments where they operate. Businesses can sustain their growth only if society is generally satisfied with their overall contribution to societal well-being. Climate change,
community health, education and development and business sustainability are some of the most pressing issues of our time. This raises the importance of accurately and transparently accounting for and reporting these activities. Businesses can't afford to function and survive in the long run unless they behave in a legitimate and socially responsible manner. Governments
of various countries began to scrutinise the activities of companies under the different dimensions of sustainable development. For this Sustainable Reporting was introduced as a tool to measure the performance. Sustainability Reporting (SR) or Non- Financial Reporting (NFR) is
the process of communicating the social and environmental effects of organizations to particular interest groups within society and at large. The paper highlights the sustainabilityframework alongwith the advantages and challenges faced by Indian corporates while following GRI based Sustainability Reporting Standards.
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| ISSN: | 0974-4274 2582-1148 |