Sustainability Reporting: Managing for Wealth and Corporate Health
Environmental and sustainability reporting involves nonfi nancial and fi nancial indicators of an organization’s impact on environmental, economic, and social dimensions of their operations. As stakeholders (e.g., investors, consumers, governments, donors, employees) of organizations demand more...
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| Tác giả chính: | |
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
| Được phát hành: |
Business Expert
2012
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| Những chủ đề: | |
| Truy cập trực tuyến: | https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/31110 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Tóm tắt: | Environmental and sustainability reporting involves nonfi nancial and
fi nancial indicators of an organization’s impact on environmental, economic,
and social dimensions of their operations. As stakeholders (e.g.,
investors, consumers, governments, donors, employees) of organizations
demand more transparency from profi t and not-for-profi t entities, environmental
and sustainability reporting is a means to address this demand.
Public interest in the environmental and social impacts of corporations
began in the 1960s and 1970s. Protests against the Vietnam War, concern
for the environment, and opposition to South African apartheid were
some reasons that investors reacted to more than companies’ reported
profi ts. A number of investors actively avoided manufacturers of weapons
and “sin” products (tobacco, alcohol, and gambling).
The emergence of socially responsible investing (SRI) funds provided
investors with opportunities to invest in companies that had positive
impacts on society. Although SRI was initially thought to be a short-lived
fad, it still thrives today. The globalization of corporations and widely
publicized corporate misdeeds (e.g., the Exxon Valdez oil spill, Nike’s
child labor problems, Enron’s accounting fraud) increased public scrutiny
of corporate behavior. Public pressure for more corporate transparency
is greater than ever. In an effort to respond to this pressure, companies
are reporting their environmental, economic, and social impacts. Sustainability
reporting benefi ts both internal and external users of the information.
Internal users are in a position to better manage the company’s
resources while external users can assess the company’s sustainable development
and long-term prospects.
This book is intended for MBA students, executives, and managers
who can discover the internal and external benefi ts of environmental and
sustainability reporting, the basics of reporting, and the reaction of the
investment community. The reader will benefi t from this introduction
to environmental and sustainability reporting to better assess its value for
his or her own organization. |
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