December 2020

INTEGRATED REPORTING – A PARADIGM SHIFT IN REPORTING

Himanshu V. Kishnadwala
Chartered Accountant

INTRODUCTION

Over the last few years there has been a paradigm shift in how the performance of a company is viewed – it is no longer viewed only by how much profits the company made, how much did it pay shareholders, or how much taxes did it pay to the government. At business and investor forums, companies are increasingly being asked questions like ‘Is the company following sustainable practices?’ ‘Is it following the best ethical practices?’ ‘Is there gender equality?’ ‘Is it employing child labour?’ ‘What is it doing about climate change?’

 

At the UN Climate Action Summit in 2019 a young activist 17 years of age, Greta Thunberg from Sweden (who on 20th September, 2019 led the largest climate strike in history), gave a devastating speech questioning why world leaders are not considering climate change and are ‘stealing the future’ from the next generation. She said: ‘You have stolen my dreams and my childhood with your empty words. And ye

--->

Keywords Search
Flip-Book Search
HTML View Search
Current Issue