Over a decade has passes since report based on survey of chief executives from the global Fortune...

Question

Over a decade has passes since report based on survey of chief executives from the global Fortune 500 which is published by the Judge Institute of Management at the University of Cambridge (Brady, 2003) showed that:

“Despite recent financial scandals (Enron WorldCom etc) [chief executive’s] predict that In the near future social credibility will be as financial credibility, and environmental credibility will only be marginally less important”

Required:
Critically discuss the above quote in the context of your understanding of social and environmental reporting.
Your argument should be supported by reference to at least four academic journal articles. The references must be cited using author's name and year of publication.

(No more than 750 word)

Please note it is an exam question so it has to be easy to memorise and very straight foreword.

Robert · Accepted Answer

Running Head: SOCIAL AND ENVIRONMENTAL REPORTING  1
Social and Environmental Reporting
Running Head: SOCIAL AND ENVIRONMENTAL REPORTING  2 
Social and Environmental Reporting 
As per the recent cases related to financial scandals in top organizations, there is a need 
to reduce the gap between business operations and financial responsibility. Due to this, the 
statement such as the social credibility of an organization is actually a financial credibility. This 
is because that the majority of social credibility requires finance. Due to this, most organizations 
focus over the fulfillment of social credibility only because it facilitates them to win the trust of 
customers in the market. Simultaneously, societies do not like to see, whether the organizations 
are achieving their environmental creditability or not before the purchasing any products. Due to 
this, most of the chief executives think that social credibility is much important in the 
comparison of environmental credibility (Solomon, 2007). But most researchers think that the 
both credibility is value for the business organizations to get the long term success and 
sustainability in every possible situation in market.  
The statement of Jenkins (2005) defines that the credibility of the organization includes 
the social and environmental both types of credibility. Jenkins (2005) defines about the 
advantages of both type of reporting for the small organizations along with large size 
organizations. This is because that growth and development of MNCs in recent times have also 
produced various undeniable opportunities and benefits. On the other hand, it is an ability of 
MNCs to focus over low-cost production activities for making regular supply of low cost 
products to customers. To achieve such objective, organizations use the advanced technology, 
various materials, and manpower. Hence,

Over a decade has passes since report based on survey of chief executives from the global Fortune 500 which is published by the Judge Institute of Management at the University of Cambridge (Brady,...

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