Within the IASB Conceptual Framework , the following objective of general purpose financial reporting has been determined (2010, paragraph OB 2, p.

9):

The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the entity. Those decisions involve buying, selling or holding equity and debt instruments, and providing or settling loans and other forms of credit.

Given the above definition, would general purpose financial statements be of relevance to people who are trying to assess the social and environmental performance of an organisation?