Reference no: EM132569687

Question - You are the Finance Director of Emission PLC an energy producer. The Chief Executive of the business, Mrs Brown, has always viewed Corporate Social Responsibility Reporting as a voluntary marketing exercise. Mrs Brown recently attended a presentation by the company's auditors regarding Corporate Social Responsibility Reporting (CR) and was surprised to find that in the opinion of the Big 4 accounting firm: "To report or not to report Corporate Social Responsibility? We believe that debate is over. Companies should no longer ask whether or not they should publish a Corporate Social Responsibility report. The leaders of companies that still do not publish CR reports should ask themselves whether it benefits them to continue swimming against the tide or whether it puts them at risk. "; and that "Use of GRI (Global Reporting Initiative) as the reporting basis is almost universal with 78% of companies reporting CR using the approach"

Following the presentation Mrs Brown is concerned because Emission PLC does not report on its Corporate Social Responsibility activities.

Required -

a) Evaluate and explain the concept of "Triple Bottom Line Reporting" giving examples of the types of disclosures that the company would make.

b) Critically appraise the methods by which Emission PLC could publish information on its Corporate Social Responsibility activities and providing assurance to stakeholders on the quality of its reporting.