CSR Reporting - The Key to Success

1
Corporate Sustainability Reporting The Key to
Success

• Corporate Sustainability Reporting or Triple-line
  Reporting is widely becoming important for
  corporate houses. It is the reporting of
  non-financial performance as well as the
  financial performance of the company on order to
  satisfy the information need of the stakeholders
  of the company.

2

• Every company should report their impact of their
  business on the environment as well as the
  society it is established in. for companies it is
  important to establish a long term relationship
  with their stakeholders, otherwise it will be
  difficult for them to achieve their long term
  goals without the involvement of their stake
  holders. Thus, it is important to keep them
  informed as to what they are doing to reduce the
  harmful effect of their business in the society
  and what they are giving back in return of the
  profits that they are getting from the
  stakeholders.

3

• Many companies used to believe that achieving
  monetary profits is enough to survive in the
  world today. But today, with more and more people
  getting aware of the environmental and social
  issues, they have realized that the stakeholders
  will not be interested in them till they show
  their non-financial reports to them. Corporate
  sustainability reporting is becoming as important
  as the annual reports for big companies to create
  a value and good-will for the company in front of
  the investors.

4

• Many companies, however, does CSR reporting every
  year for the sake of showing that they are doing
  something for the environment without being fully
  interested in the CSR issues. This may not work
  in the long term. It is important that companies
  spend some part of their profit in CSR activities
  and make their stakeholders involved so that they
  have a positive attitude towards the company and
  will be more interested to invest in the company
  for future projects.
• For more information on corporate sustainability
  reporting and CSR reporting, visit
  http//twelvecreative.com.au/