Green reporting should be opposed
Publishing social and environmental reports as part of annual report and accounts creates burdens and costs that support a view that they should be opposed not supported.
In a new paper from the right wing Institute of Economic Affairs it is cliamed the popular drive toward corporate and social responsibility is flawed because, contrary to public perception, the planet is not heading for environmental meltdown, the number of people living in poverty has fallen and governments still have powers to act despite a belief that massive conglomerates run the world.
Written by David Henderson, a former economist with the Organisation for Economic Cooperation and Development, the paper claims that companies who adopt and social and environmental reporting, and as a result forces partners and suppliers to do likewise, only manages to raise costs and prices.
‘Good corporate citizenship’, according to Henderson, is not cheap and the cost is borne by society itself.
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Firms urged to act on green reports