Current Issues in Corporate Reporting Essay Example | Topics and Well Written Essays - 2000 words

Current Issues in Corporate Reporting - Essay Example The core mandate of integrated reporting therefore is to gather information about an organizations strategy, its governance, future prospects and performance in a manner that reflects the structure it operates in terms of the commercial, environmental and social context. It is meant to be an organizations most important reporting tool (ACCA (GREAT BRITAIN), 2010). Its aim is to create a formula for accounting for sustainability, bringing together governance, social, environmental and finance in a cohesive way. In order to achieve its mandate and to be welcomed internationally as the standard reporting method, the international integrated reporting committee had a representation from different parts of the corporate world (Eccles & Krzus, 2010).These includes the civil society, the investment sectors, accounting, the academic front, standard setting sectors, the regulatory sector as well as the security sector. It also has task forces that deal with content development, governance, engagement and communication as well as a working group and a steering committee. This report therefore broadly discusses the need for integrated reporting and the challenges that were met when constituting such reporting methods during the 2011 international integrated reporting committee meeting. Corporates need to achieve financial development, sustainability and improved performance while reporting on their corporate performance. Against the background of this, previous reporting did not manage to yield such objectives (Bennett, Burritt& Schaltegger, 2006). In fact, it exposed some businesses to their bare minimum since companies were revealing most of their financial details while yet they did not achieve improved performance that they expected. This therefore necessitated the need for a new framework for corporate reporting that

Environmental Contamination Lab Report Example | Topics and Well Written Essays - 1000 words

Environmental Contamination - Lab Report Example Detrimental side effects of these contaminants range from carcinogenic effects to liver disease and significant influence on productivity of various plants due to effects on soil (Yan Hai et al. 5). The persistence of these contaminants in the environment should be taken special notice of. 1, 4 dioxane a toxic synthetic petrochemical is a known carcinogen that is common in most household consumer products. The most susceptible products are laundry detergents, hair care products, and cleaning products. It is a byproduct of the reaction between ethylene oxide and other ingredients in the ethoxylation processing of detergents and cleaning products. The ethoxylation process is supposed to reducing the severity of harsher ingredients (Ethan, 2010). It is ironic that the process aimed at reducing the harmful components results in a more harmful ingredient. Most labeling lacks an indication of these products. Steinman in his evaluation of conventional and natural laundry detergent brands reported P&G products to have the highest concentration of 1, 4 dioxane levels in comparison to other brands. Only two of the natural brands contained o1, 4 dioxane though the levels were significant lower than the average concentrations observed in the conventional names. This presents the idea of due diligence in assessing the suitability of various brands both on the part of the user and the regulating body (organic consumers association 8). Of the 80,000 known chemicals, EPA only tests 200 of the probable contaminants. This presents a high likelihood that some contaminants escape notice. Contaminants like 1,4 dioxane has been found to be persistent in the environment especially since it binds to water and relatively hard to remove since small concentration of it have been found in water even after purification and filtration. Most of the water supply has been found contaminated by 1, 4