Sustainability Reporting Assignment Help
Sustainability reporting is one of those activities that the companies voluntarily undertake and at the same time we see that a majority of the organizations in Australia did not undertake sustainability reporting practices. Less than a quarter of the companies registered have undertaken the sustainability reporting practices till 2005 (Garnett, 2009). This has been a very low number when we compare the same across the countries and this means that Australia finds itself in the bottom half of the countries where sustainability reporting has been done. One another thing that can be noticed is that the foreign companies in Australia have been reporting on their sustainability much more than that of the domestic companies. Same is the case with the government organizations as well. One of the main reasons why the reporting levels have been low is mainly because the Australian market is isolated from the mainstream financial markets and thus the companies have got a feeling that the financial analysts across the world have not been using the sustainability reports of the Australian companies for their analysis and thus the companies loose the motivation to male use of the same (Lancker, 2000). One of things that need to be noticed here is that the low levels of the reporting systems that were existent in Australia doesn’t mean by any chance that they have poor corporate performance. Some of the companies and organizations like water for People and Plan have one of the best corporate performances. The only difference here is that in most of the cases it goes unreported.