What is External Reporting

The video discusses the importance of external reporting for companies, focusing on sustainability and corporate social responsibility. It highlights the lack of a common framework for comparing reports, which led to selective disclosure by companies. The video introduces common types of external reporting, such as GRI and CDP, and discusses the integration of financial and sustainability reporting. It also addresses challenges in traditional reporting, where important information is often buried in notes, and emphasizes the need for transparency.

What is the primary purpose of external reporting in organizations?

Why was there a need for a common framework in external reporting?

What are the four most common types of external reporting mentioned?

How do traditional financial reports differ from sustainability reports?

What challenges do companies face in disclosing their social and environmental performance?