Solved:
Answered by AI, Verified by Human Experts
Sustainability reporting can incorporate which of the following? Select ALL that apply.
Sustainability reporting can incorporate which of the following? Select ALL that apply.a. Environmental reporting
b. Financial reporting only
c. None of the options listed
d. Social reporting
e. Business viability reporting
Final answer:Sustainability reporting can incorporate environmental, social, and business viability reporting, which focus respectively on ecological impacts, human interactions and values, and the long-term sustenance of economic and environmental interests. Financial reporting alone is not sufficient for sustainability reporting.Explanation:Sustainability reporting can incorporate a variety of aspects that reflect an organization's performance and impact in three primary dimensions: economic, environmental, and social. These dimensions often include:Environmental reporting: which covers the ecological aspects, acknowledging the diversity within living systems and impacts of human activities on the environment.Social reporting: which focuses on the interactions between institutions, people, human values, ethical issues, and collective decision-making processes.Business viability reporting: essentially a consideration of economic and environmental interests to assure the long-term sustainability of the business.Whilefinancial reportingis a crucial part of any business's disclosures, it typically centers on the fiscal performance and is not in itself a sufficient representation of sustainability. Therefore, option b is not correct in the context of sustainability reporting, which aims for a more integrated and holistic approach. Option c (None of the options listed) is also incorrect because environmental, social, and business viability reporting are indeed components of sustainability reporting....