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Towards social accounting Presented by Aadil Lakdawalla Nicholas Maddams IP 3: Business Ethics 30 Sept 2004.

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Presentation on theme: "Towards social accounting Presented by Aadil Lakdawalla Nicholas Maddams IP 3: Business Ethics 30 Sept 2004."— Presentation transcript:

1 Towards social accounting Presented by Aadil Lakdawalla Nicholas Maddams IP 3: Business Ethics 30 Sept 2004

2 Triple bottom line What is the triple bottom line? The measurement and reporting of: Economic value add Social value add Environmental value add

3 ‘Earthquakes’ Society Economy Environment Triple Bottom Line helps in preventing corporate ‘earthquakes’ Source:

4 Mr. Ethicist’s view It is not unethical to engage in socially beneficial activities for primarily financial reasons

5 Rise of corporate governance Corporate collapses Competitive environment Availability of information Increase of institutional investors Stock exchange and ratings agencies Widening of the stakeholder circles

6 ‘Best practice’ model Source: Ernst & Young

7 Stakeholder impact Stakeholder potential threat to organization Stakeholder potential for cooperation with organization High Low High Low High Collaborate Involve DefendMonitor Source: University of Utah

8 Thank You Questions ?


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