Reference no: EM13497528

Task

In recent years directors and CEOs of companies have been placing more importance on holistic reporting of company activities rather than simply reporting what is required by the Accounting Standards, the Corporations Act and other legislation.

The Global Reporting Initiative is an international not-for-profit organisation that has pioneered and developed the world's most widely used voluntary Sustainability Reporting Framework. (https://www.asx.com.au/documents/public-consultations/global-reporting-initiative-and-sba-submission-15Nov13.pdf)

In 2013 the fourth iteration of the Sustainability Reporting Framework guidelines were released. These can be accessed via the link below.
https://www.globalreporting.org/resourcelibrary/GRIG4-Part1-Reporting-Principles-and-Standard-Disclosures.pdf

Required

Referring specifically to section 5.1 and 5.2 of the above report, analyse how applying these voluntary guidelines might alter the information presented in the Flight Centre 2013 Annual report. Apply section 5.1 and 5.2 to triple bottom line reporting and balance score card under sustainability report.