There is significant diversity in the approaches adopted to disclose social and environmental information.Examples of broad approaches adopted include:

Question

Quizplus · Accepted Answer

The eco-balance approach and target-based reporting are two broad approaches adopted to disclose social and environmental information.

The eco-balance approach involves identifying, measuring, and reporting on the environmental impacts of a company's activities, products, and services. This approach aims to provide a comprehensive overview of a company's environmental performance, including the use of natural resources, the generation of waste, and the release of pollution.

Target-based reporting, on the other hand, focuses on setting specific targets for social and environmental performance and reporting progress towards these targets. This approach involves identifying key performance indicators (KPIs) and setting goals and deadlines for achieving them. Examples of KPIs include reducing greenhouse gas emissions, increasing the use of renewable energy, and improving labor conditions.

Both the eco-balance approach and target-based reporting are useful for disclosing social and environmental information, and have their own advantages and disadvantages. The eco-balance approach provides a comprehensive overview of environmental performance, while target-based reporting provides a clear framework for setting and achieving specific goals. Therefore, the best choice is D, since it includes both approaches.

There Is Significant Diversity in the Approaches Adopted to Disclose