- In recent years directors and CEOs of companies have been placing more importance on holistic reporting of company activities rather than simply reporting what is required by the Accounting Standards, the Corporations Act and other legislation. The Global Reporting Initiative is an international not-for-profit organisation that has pioneered and developed the world’s most widely used voluntary Sustainability Reporting Framework. (http://www.asx.com.au/documents/public-consultations/global-reporting-initiative-and-sba-submission-15Nov13.pdf)
In 2013 the fourth iteration of the Sustainability Reporting Framework guidelines were released. These can be accessed via the link below.
https://www.globalreporting.org/resourcelibrary/GRIG4-Part1-Reporting-Principles-and-Standard-Disclosures.pdf
Required
Referring specifically to section 5.1 of the above report, analyse how applying these voluntary guidelines might alter the information presented in the Flight Centre 2014 Annual report (15 marks)
Evaluate whether and how complying with the Sustainability Reporting Framework guidelines would benefit potential investors and shareholders (5 marks)
Your assignment needs to be presented as a standard business report including an executive summary, a table of contents, an introduction and a conclusion and must be between 2000 – 2,500 words in length.
You must include a gap analysis as an Appendix.
