Ethical reporting crucial for survival.

Socially responsible reporting is key to future business success, according to Professor Carol Adams of the department of accounting and finance at Glasgow University. "Firms must start to report environmental, ethical and social issues or they will go out of business," she said at Glasgow University's accountability and governance conference last month. "It gives potential and current investors confidence in the firm and improves its reputation.

Fiona McLeod, MSP and shadow deputy minister for transport and the environment argued that government had a vital role to play. "We can lead by example and implement socially responsible reporting and be...

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