Presentation on theme: "Towards social accounting Presented by Aadil Lakdawalla Nicholas Maddams IP 3: Business Ethics 30 Sept 2004."— Presentation transcript:
Towards social accounting Presented by Aadil Lakdawalla Nicholas Maddams IP 3: Business Ethics 30 Sept 2004
Triple bottom line What is the triple bottom line? The measurement and reporting of: Economic value add Social value add Environmental value add
‘Earthquakes’ Society Economy Environment Triple Bottom Line helps in preventing corporate ‘earthquakes’ Source: www.sustainability.com
Mr. Ethicist’s view It is not unethical to engage in socially beneficial activities for primarily financial reasons
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
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
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