Australia: Telstra tells government compulsory CSR reporting would be a burden

Date: 27 Mar 2006

Telstra has claimed at a parliamentary committee in Canberra that formal requirements for CSR reporting would be an unwelcome extra burden on business that could put Australian companies at a disadvantage.

Telstra's company secretary, Douglas Gration, suggested that the company saw its Universal Service Obligation as a regulatory burden. He argued that once such measures became required by law, the impetus changes from looking at how the company can better engage with its community into one of simply satisfying the regulator.

The Parliamentary Committee is due to report in June on how companies can best take responsibility for issues beyond the interests of shareholders. It will recommend whether a voluntary or regulatory approach is preferred.

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