Sustainability reporting and management paradise

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Reference no: EM133209406

Sustainability Reporting and Management Paradise Cove Case (Part 3)

Two years have passed since PP CEO Ajanee Kallapur originally proposed building Paradise Cove and the hotel has now become a reality! The hotel has been in operation for a year and has been very popular with the tourists since its opening. The expected 450 employees have been hired. Because PC is a luxury hotel in an environmentally sensitive location, Ajanee understands that there will be many demands for sustainability-related reporting for the hotel. She has been closely monitoring international developments in sustainability reporting standards and has been thinking about what types of information she should be collecting so that she can be ready when such reporting becomes mandatory.

The proposed standard has been developed from a number of existing reporting frameworks. Many of the disclosures require discussion of the hotel's corporate governance structure and policies. Ajanee is relatively comfortable with these disclosures. However, because the hotel is so new and her accounting information systems are still under development, Ajanee is most concerned with the SASB-based industry-specific disclosures. These requirements include a variety of quantitative disclosures for which she will need to collect data. PC's facilities include both hotel accommodation and a restaurant. As a result, Ajanee will have to consider disclosures that have been suggested for the Hotels and Lodging industry and the Restaurant industry (see below). Ajanee is happy that she will only be required to report material information. Her challenge is to decide which items she will need to report so that she can start tracking the data.

1. Accounting Metrics: total energy consumed (GIGAJOULS) , total water consumed (METERCUBIC), number of lodging facilities located in or near areas of protected conservation status or endangered species habitat (NUMBER), and percentage food waste (PERCENTAGE).

For each of these 4 metrics explain: a) why you think the information is important for users of general purpose financial reporting as they assess PC's enterprise value; and b) whether you think the way that SASB has specified the metric's measurement is appropriate.

2. Discuss 1-2 sustainability-related issues that are material for PC but are not covered in the industry-level disclosure standards.

Reference no: EM133209406

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