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Corporate sustainability ppt



Corporate sustainability ppt

Corporate sustainability ppt



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    Corporate sustainability ppt  Corporate sustainability ppt Presentation Transcript

    • What is sustainability
      • A strategy by which communities seek economic development approaches that also benefit the local environment and quality of life
    • Is a process of achieving human development Contributed through effective management of social ,economic and environment benefits
    • Global Drivers of Sustainability
      • Increasing Industrialization
      • Proliferation & Interconnection of Civil Stakeholders
      • Emerging Technology
      • Effects of Globalization- poverty, inequity, population explosion
    • Triple Bottom Line TBL “ or " 3BL ",
    • What is TBL
      • An expanded spectrum of values and criteria for measuring organizational and societal success – economic, environmental, social.
      • In the private sector, a commitment to CSR implies a commitment to some form of TBL reporting.
      • The Triple Bottom Line is made up of "Social, Economic and Environmental"
      • " People, Planet, Profit "
    • Triple Bottom Line Accounting
      • Expanding the traditional reporting framework
      • Take into account environmental and social performance in addition to financial performance.
      • Company's responsibility to 'stakeholders' rather than shareholders.
    • Legislation
      • Legislation permitting corporations to adopt a 'Triple Bottom Line' is under consideration in some jurisdictions.
      • The triple bottom line has been adopted as a part of the State Sustainability Strategy
    • What is triple bottom line reporting?
      • 􀂃 “ At its narrowest TBL reporting is a framework
      • for measuring and reporting corporate
      • (organizational) performance against economic,
      • social and environmental parameters”
      • www.sustainability.com
      • 􀂃 A move from one dimensional economic
      • reporting to three dimensional economic, social
      • and environmental reporting
    • How is TBL reporting accomplished?
      • Economic
      • 􀂃 Generally Accepted Accounting Principles
      • 􀂃 Customers
      • 􀂃 Suppliers
      • 􀂃 Employees
      • Social
      • 􀂃 Bribery and corruption
      • 􀂃 Political contributions
      • 􀂃 Child labor
      • 􀂃 Security practices
      • 􀂃 Indigenous rights
      • 􀂃 Training and diversity
      • Environmental
      • 􀂃 Energy
      • 􀂃 Water
      • 􀂃 Biodiversity
      • 􀂃 Emissions, effluents, and waste
    • How is TBL reporting accomplished ?
      • Through the application of what is called the Global
      • Reporting Initiative 2002 or GRI and is defined as “a
      • common framework for sustainability reporting”
      • Started in 1997 by the Coalition for Environmentally
      • Responsible Economies and the United Nations
      • GRI became independent in 2002, and is an official
      • collaborating centre of the United Nations Environment Programme (UNEP) and works in cooperation with UN Secretary-General Kofi Annan’s Global Compact.
      • 􀂉 The Global Reporting Initiative attempts to make the
      • Triple Bottom Line operational
      • 􀂉 VISION
      • The Global Reporting Initiative’s (GRI) vision is that
      • reporting on economic, environmental, and social
      • performance by all organizations becomes as routine
      • and comparable as financial reporting. GRI
      • accomplishes this vision by developing, continually
      • improving, and building capacity around the use of
      • its Sustainability Reporting Framework.
    • How organizations strategically manage CSR through triple bottom line reporting
      • TBL reporting enables organizations to:
      • 􀂃 Measure and manage their financial and non-financial
      • performance and impacts, or lack thereof
      • 􀂃 Have their performance and impacts verified
      • independently
      • 􀂃 Communicate effectively with consumers,
      • governments, investors, employees, other
      • stakeholders and watchdog groups
      • The implementation of a TBL reporting approach to CSR is an incremental process, dealing with the complex and contestable issues involved in attempting to effectively integrate economic, environmental and social performance measurement into a single report
      • “ You cannot talk about CSR unless you love your people and your country”