TERM PAPER

Traditionally business entities were perceived to be responsible for their financial performance and that the principal stakeholders were the owners (shareholders). However, views are changing; it is becoming accepted that entities also have responsibilities to a broader group of stakeholders (e.g. local communities, customers, suppliers, employees, creditors, government and even future generations).Yet, reporting about social and environmental issues within annual report remains predominantly voluntary.

Required: With the use of a real company that operates in Tanzania, provide the link between social and environmental reporting and the financial risk and financial performance.