The View of the Australian Industry Group About Community Accountability,including

The view of the Australian Industry Group about community accountability,including environmental reporting,is that:

A) Such reporting is a waste of resources for all stakeholders and the entity itself and it should be discouraged.
B) Such reporting may be useful in the future, but the lack of well-developed measurement methods and absence of regulation of disclosure means that it is currently not a useful basis for decision making by stakeholders.
C) The imposition of additional costs associated with the reporting requirement in The Corporations Law is a concern for business, and while voluntary reporting is supported by the group it is opposed to mandatory social and environmental reporting.
D) Social and environmental reporting are useful additional sources of information for stakeholders of the organisation and such reporting should be regulated and made mandatory at the federal level through the Financial Reporting Council.