see also...
Getting the message - a snapshot of company reporting in Australia
ACCA Australia has published a research report looking at how leading Australian companies are currently approaching both financial and sustainability reporting . Given the focus on corporate responsibility and reporting, as well as the introduction of International Financial Reporting Standards (IFRS) in Australia, this report is a timely look at how Australian organisations approach financial and sustainability reporting.
Part 1 of Getting the message: a snapshot of company reporting in Australia is a review of sustainability reporting practices currently, while Part 2 looks at financial reporting practices in Australia . Both documents together provide an holistic view of corporate reporting in Australia at the moment. Key findings include:
- Australian organisations are still at an early stage of development in terms of their sustainability and sustainability reporting practices, although there has been much more of a focus on this area among corporates over the past three years.
- A small number of larger Australian organisations have embraced sustainability reporting, but the bulk of corporate entities in Australia are yet to adopt sustainability reporting in any meaningful way.
- Despite this, most acknowledge the need to explore how they might implement sustainability reporting practices in their organisation in the next five years – and see the value of doing so.
- The CEO is usually the person charged with driving sustainability reporting in the organisation.
- The incidence and quality of assurance of sustainability information needs to increase.
For further information see the ACCA Australia's News/Press section.