Question
Part A Sustainability Reporting and Theories of Accounting (10%) Background Information: The Australasian Reporting Awards (ARA) have been championing excellence in annual reporting since their
Part A Sustainability Reporting and Theories of Accounting (10%) Background Information: The Australasian Reporting Awards (ARA) have been championing excellence in annual reporting since their inception in 1950. By promoting transparency, accountability, and effective communication in corporate reporting, the ARA has contributed significantly to the understanding and visibility of organizational accomplishments and intentions. In 2023, the ARA recognized five organizations for their outstanding Sustainability Reporting with Gold Awards. The distinguished recipients include: CLP Holdings Limited Fonterra Co-operative Group Limited Mineral Resources Limited Sanford Limited Sunway Berhad Requirements:
(a) Sustainability Reporting Evaluation (600-800 words): Select ANY one of the above five companies and critically evaluate its 2022 Sustainability/Integrated Report. These reports are readily available in the assessment folder for your convenience, or you can access them directly from the provided links above. Note: Your evaluation should scrutinize the quality, depth, and transparency of the report, how well the company commits to sustainable reporting practices, and identify any potential areas for reporting/disclosure improvement. Your evaluation must be specific to the chosen company, and any generic discussion will not secure a satisfactory mark.
(b) Management Remuneration and Sustainability Performance (400-500 words): In recent years, more firms are tying senior management remuneration to ESG (Environmental, Social, and Governance) performance. Exploring this trend and considering the positive accounting theory, discuss the implications, effectiveness, potential challenges of this approach, and its role in promoting better ESG performance.
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