Do The Carbon Disclosure Project (CDP), The Global Reporting Initiative (GRI), and The Equator Principles add...

Do The Carbon Disclosure Project (CDP), The Global Reporting Initiative (GRI), and The Equator Principles add value to global community? Why?

Expert Solution

Carbon disclosure project will always record the cost of environmental impact that has been done by the company by emission of carbon into the environment and global reporting initiative and equator principles are also inclined to include all such non monetary factors which are important in relation with the company like human principles and corruptions and other costs which are non monetary nature and it is not easy to quantify them.

The reporting principles add value to a global community as it it tells about the ethical standard which are being followed in the company and it also say a lot about the companies on moral compass which is about fulfillment of various societal goals, not for its on profit motive.

These principles incorporate that all such non-monetary factors must also be needed to recorded in the books of accounts as they are highly important in order to survive in the long-term sustainability of the company.

jeff jeffy answered 2 years ago

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