Essay on Sustainability Reporting Guidelines

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Richard Yoon
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Journal 4: Remaking the Way We Make Things & Global Reporting Initiative’s Sustainability Reporting Guidelines
The article Remaking the Way We Make Things emphasize on the idea of having an alternate concept of maintaining the sustainability, because the author challenged the idea of eco-efficient such that it is not the best idea to have everything eco –efficient because it’s not sufficient. The root of the problem comes from the idea of side effects of the product, meaning the company believes that they are damaging the environment by the excess chemicals that are produces while making the product. So they would make minimize the waste as well as the toxic materials. However, the article contests that the root of the problem is actually the product itself, because it is made out of harmful chemicals that we interact in daily life. I believe that this is true because it is the product that we should really worry about because the excess waste and chemicals are the outcome of creaking that certain products, however, I wasn’t that convinced that eco-efficient was not the best solution to the foundation of sustainability. But I was convinced when the article introduced the idea of cradle to cradle paradigm, which was the new way that companies can create a new nutrient from their waste, a process known as the Life Cycle Development. I was shocked to discover this process because I think this can attack the foundation of the problem,

Global Reporting Guidelines (G2) Guideline

4.3 Global Reporting Initiative 2002(G2) Guideline: GRI published the first reporting guidelines (G1) in June and immediately afterwards, created working groups revising these guidelines. The second version (G2) guideline was published in 2002 at the beginning of Johannesburg Summit and gradually they have emerged as the world's de facto standard on non-financial reporting. The GRI’s 2002 guidelines document acknowledges that “sustainability reporting” is a broad term, synonymous with other terms…

Words 747 - Pages 3

515531 Essay

BFM223 SUSTAINABILITY ACCOUNTING AND ACCOUNTABILITY MSC IN ACCOUNTING AND FINANCE (PTABAB061) INDIVIDUAL COURSE ASSIGNMENT CANDIDATE: 515531 WORD COUNT: 3,358 DATE OF SUBMISSION: JANUARY 10, 2013 ASTON BUSINESS SCHOOL (ABS) TABLE OF CONTENT Part Topic Page 1 Introduction 1 2 Sustainable Development- The Background 1 3 Compliance of CLP Sustainability Report with GRI’s Sustainability Reporting Guidelines 2 3.1. Strategy and Profile 3 3.2. Management Approach 5 3.3. Performance…

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Major Assignment Combined Essay

Due to the increased awareness of the environmental issues, nowadays sustainability information has been seen as a major driver of companies’ value creation in the long term, leading to an increasing demand for the disclosure of their sustainability performance from stakeholders and the public society (Deloitte 2013). As a result, besides traditional financial reporting, companies have been encouraged to disclose sustainability information as well. This report will discuss the international benchmarks…

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Accounting Essay Sustainability

Compulsory Question Social and Environmental reporting, also known as sustainability reporting, is defined by Gray, Owen and Maunders as “the process of communicating the social and environmental effects of organisations actions within society and to society at large” (1987, p76). It is now more understood that long term survival of business rely on sustainability and lengthening time horizon is relevant as well as costs involved. Establishing SE reporting can be viewed as part of risk management.…

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Essay about Sustainability Accounting

non-financial reporting or sustainability accounting. In the past few decades, globalization has expanded, competition from growing nations increased, and unfortunately, public trust in many industries decreased as scandals emerged due to lack of controls and responsiveness. This realization has allowed companies to see the potential benefits of sustainability accounting and take care of stakeholder needs, while changing their perceptions. Frameworks and standards for sustainability provide guidance…

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Assessment Tasks: Advanced Financial Accounting (ACC3AFA)

http://www.orica.com.au/ Write a report (1,500 words) to the Corporate Reporting Manager of the selected company containing a review of sustainability information released by the listed company in their Sustainability Report. The review is to be based on the system oriented theories. The Corporate Reporting Manager is going to use the review report as the ground to decide the company’s future practices in disclosing sustainability information that relates to its business operation. In the report: Summarise…

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Accounting Issues Essay

4a.What are “externalities” and how do they relate to Corporate Responsibility? (5 marks). 4b. What five improvements would you recommend to Global Reporting Initiative’s Sustainability Reporting Guidelines in order to make sustainability reporting relevant and credible? (15 marks – 3 marks each). (20) * Externalities refer to the ancillary effects, due to an economic or business transaction, that are borne by a third-party. * While they can be both negative and positive, Corporate Responsibility…

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Essay on Corporate social responsibility

report not only their accounting profits but also their social and environmental responsibility. Corporate social responsibility reporting is an emerging field at the global level, which is on its way of gaining its position as a mandatory business practice. However many of the organizations are still not reporting their social responsibility and others that are reporting only disclose the positive aspects and never talk about damages caused by their actions to society and environment. The upcoming…

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Sustainability for Business Growth Essay

Why is sustainability information important to investors? Some might argue that companies have an incentive to report sustainability more completely and others argue that they have an incentive to report as little as possible. Who should decide the degree to which companies report sustainability issues and what are the pressures to report more or less? Most cultures are having their interest heightened increased and appreciative to both environmentally friendly and ethical concerns globally. Global…

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Essay on Sony Group

social responsibility described in the report and renamed it the “CSR Report.” Sony’s CSR Report 2005 is the third using this format. Reporting Scope and Period Units of Measurement This report summarizes Sony Group CSR activities worldwide during fiscal 2004 (the fiscal year beginning on April 1, 2004 and ended on March 31, 2005). It also includes reporting on some material activities, such as major organizational changes and incidents, up to July 1, 2005. In principle, the units of…

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