Sustainability Accounting & Reporting - Essay Example

Sustainability Accounting & Reporting By Corporate Social Responsibility (CSR)/Sustainability Education is amajor avenue for enlightening the people as it mainly emphasize on environmental development thus encouraging sustainable development. There exist major environmental and social problems, which are prioritized on CSR in regard to the local and international population. Thus, it is identified on the seriousness of the social and environmental issues and the upcoming policies response. Corporations are required to address social and environmental issues in order to be beneficial to the society.

However, it possesses numerous social and environmental challenges. Process of dealing with the environmental problems accounting is very necessary. Companies need to maintain corporate social responsibility to keep in check stakeholder reasoning. Moreover, different companies normally set uniquely the stakeholders patterns of influence encompassing the stakeholders in the general operation is important. Setting effective base for the CSR the corporations must maintain proper accounts and descriptive theories in explaining CSR, which encompasses managerialist, middle of the road and theoretical model.

There exist several means of enhancing the practice of CSR that have evolved over time from the small aspects in business to become key component of business activity. Each industry sets the outline in handling CSR. Triple bottom line reporting provides good start towards sustainability. Process of dealing with social and environmental problems internal organizational perspective is important. Moreover, the consequent development in triple reporting is normally integrated reporting that presents many benefits and possess some few challenges.

Most business is naturally unsustainable creating questions while trying to satisfy the social and environmental problems. Therefore, the process ought to allow for sustainability the society that ought to change their perceptions. Partnerships are new dew developments that bring about joint ideas in operations and networking. Moreover, public are good drivers of sustainability than the corporations. Proper costing of carbon is driven by the NGER act; several implications can be identified with the prices.

BibliographySchaltegger, S., Bennett, M., & Burritt, R. (2006). Sustainability accounting and reporting. Dordrecht, Springer. http://site.ebrary.com/id/10140811.