Land Rover Sustainability Accounting and Accountability Analysis Essay

Land R over Sustainability Accounting and Accountability Analysis - Essay grammatical caseSustainable development aims to fulfill the present needs with pop out harming the possibility of not fulfilling the future ones. In immediatelys era, where companies give sole importance to economic growth the concept of sustainable growth becomes alone the more important. As globalization continues to spread there is a steep rise in the ways through which companies and individuals can increase their profits. But the newly created opportunities are not evenly spread over the social strata. So there is always a dynamic instability which is making the environment volatile to some extent. Increase in technical know takege has attributed to financial development, but it also has the ability to void the risks which threatens to harm the social and environmental sustainability .So sustainable developments key feature encapsulates its promotion of out of the box thinking and selection of innovat ive choices. There is a need for transparency regarding a follows economic, social and environmental impact and gradually this aspect has become an integral part of its dealing with its stakeholders. Stakeholders expect a gild to communicate to them the true picture of the compeverys sustainability. This naturally led to the requirement of a globally recognized framework of rules, concepts and regulations. As a result the Global coverage Initiative created the Guidelines for Sustainability describe. With the formation of the guidelines a transparency was achieved in the reports involving the sustainability of the company. These reports generated a lot of interest amongst the motley cluster of stakeholders (Global inform, 2011). Sustainability reports disclose results that have happened in the reporting period. These reports are mainly used for 1. Assessment of the sustainability performance of the company in accordance with the laws, performance standards and norms. 2. The ex tent to which the company influences and gets influenced by its surroundings. 3. To perform an intra and intercompany comparison over a period. Guidelines for Sustainability Reporting The reporting framework developed by GRI can be used by any company irrespective of its location, sector and size. The reporting guidelines ensure that the reports produced by the companies are up to the mark. These guidelines include 1. Reporting Principles 2. Guidance 3. Standard disclosures. All the three elements are given equal weight age and importance. Reporting principles explain the results a report should able to convey, the selection and methods of reporting, along with the indicators and topics which will be include in the report. Each principle consists of definitions and a number of tests which help the company to decide the principles which it intends to use. The reporting guidance explains the actions that a company can take during the decision making process, and also helps in selectin g the topics that will be included