Topic > Voluntary Social and Environmental Reporting in Business

Summary This report investigates our business rationale for voluntary reporting of the social and environmental reporting of the MacMillan printing company. Furthermore, does it indicate why we need to make a social and environmental balance sheet? The increased recognition and benefits we can gain through our relationship over our competitors. Our relationship is the forum to effectively share, both internally and externally, MacMillan's success, as well as MacMillan's vision for the environment, through social and environmental reporting. Also the form that our report should take to prepare it for our interested users. Introduction Over the last three decades, issues relating to the organization and its interaction with the physical environment have become widely accepted. Any business in its operations affects its immediate physical environment both directly and indirectly. It is therefore important for a business organization to evaluate the degree to which it affects its environment and is subsequently responsible, not only for economic benefits, but also for the future well-being of society (Henderson et al., 2006). There is strong evidence to believe that success in business comes, at least in part, from society and the natural environment. Business, society and nature maintain a symbiotic relationship that ensures mutual benefits for all parties. A firm acquires production and market factors for its final goods from society and the natural environment. At the same time, our company purchases the raw material (tree) directly from the environment. This has a direct impact on society and the environment in terms of deforestation and the subsequent consequences of deforestation on the... medium of paper... on the environment. It provides various users such as shareholders, government and environmental protectors with information regarding our activities and purpose. We believe that we should make a social and environmental report as it is very beneficial for the company in the long term. As our main goal should not only be to get permanent customers but a healthy community to operate in. The step-by-step form of our report will help us achieve it. References Adams, C. A., Owen, D., & Gray, R. ( 2003). Accounting and responsibility: changes and challenges in corporate social and environmental reporting. Henderson, S., Peirson, G., & Herbohn, K. F. (2006). Financial accounting problems. Pearson Prentice-Hall. Adams, C. A. (2004). The gap between ethical, social and environmental reporting and performance representation. Journal of Accounting, Auditing and Accountability,17(5), 731-757.