This aim of this paper is to revisit the disclosure of environmental and social information in annual reports of Australian firms. Based on the categories of the Global Reporting Initiative (GRI) and using content analysis the study annual reports for a five year period were examined to determine the type and content of disclosure on environmental and social issues. The findings from logistic regression analysis interconnect the firm's reporting of categorical imperatives with their reporting of sustainability issues and key performance indicators. The results suggest a considerable reporting improvement in warranted to connect information that reflects the firm's performance on social and environmental issues to the user.
Paper presented at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference, Wellington, New Zealand, 02-04 July 2006