Sustainability Reporting and Assurance: The Way of the Future

Doing business ethically and in a responsible manner will not only contribute to the short-term profitability of a business, but will also ensure its long-term survival. The development of corporate governance over recent years has given prominence to the need for businesses to behave in a responsible and ethical manner, and this has resulted in a move from a focus on profits for shareholders only, to the recognition that business has a responsibility to those that give it its licence to operate, namely its stakeholders at large. This has given rise to the concepts of Corporate Citizenship, Sustainability and Triple Bottom Line Reporting. (Read the article Sustainability Reporting and Assurance in the GAA online newsletter.)