AN ASSESSMENT OF THE EXTENT TO WHICH ZIMBABWEAN ORGANIZATIONS HAVE IN PRACTICE BEGUN TO MAKE THE SHIFT TOWARDS TRIPLE BOTTOM LINE REPORTING (TBL).

Wilford Mawanza, Nathan Mugumisi

Abstract


Abstract

The purpose of the study was to assess the extent to which corporations in Zimbabwe make shifts towards the triple bottom line reporting and asses the balance of the three Ps. This was done through a content analysis of company annual reports of 40 listed companies in Zimbabwe for period 2009 to 2012. The assessment criteria comprised among others of TBL balance, inclusion of TBL elements in reporting, environmental policy in place and reported, stakeholder assurance, GPI reporting, Quantification of the other two Ps, any Environmental award obtained. Results showed that companies in Zimbabwe generally are making shifts towards the TBL reporting although not remarkable. Whilst companies are making shifts towards the TBL reporting, the standard of reporting is still below one’s expectation as there are a lot of irregularities between companies and sectors. Considerable coverage was realized in the mining sector, Beverage, Food processing, and Building and associated industries’ sectors. Since there is no specific law that makes TBL reporting mandatory, variations in terms of consistence and quality will always be a norm hence, it was recommended that environmental and social audits by the government agencies like the Environmental Management Agency, Ministry of Environment and Tourism and NSSA among others.


References


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ISSN : 2251-1547