Which reporting approaches have been adopted in reporting social and environmental performance?

Question

Quizplus · Accepted Answer

The checklist approach involves a list of indicators used to evaluate social and environmental performance, while target-based reporting sets specific objectives to achieve. The eco-balance approach considers the total impact of an organization's actions on the environment, while the full-cost approach takes into account all costs, including social and environmental costs. Therefore, option C is the best choice as it includes all four reporting approaches related to social and environmental performance. Options A and D only include financial reporting approaches, and the value-added statement is not explicitly related to social and environmental performance.

Which Reporting Approaches Have Been Adopted in Reporting Social and Environmental