AG203 VALUE THEORIES. “Sustainability” perspective A Social, Environmental and Economic perspective ……..a triple bottom-line.

Slides:

Advertisements

Similar presentations

International Accounting, 6/e

Advertisements

Social Responsibility “Areas” Risk –Environment (local and global) Sustainability –Use / indefinitely Protection –Pollution (Air, Water, Ground) –Non-human.

1 - 1 ©2003 Prentice Hall Business Publishing, Advanced Accounting 8/e, Beams/Anthony/Clement/Lowensohn Business Combinations Chapter 1.

Sustainability Internal Drivers and Self-Assessment Dennis J. Stamm VP, Director Lean Enterprise Consulting February 22, 2010.

 Obligation of managers to take actions that protect and improve the welfare of society as a whole along with their own interests.

Definition of economic assets Anne Harrison. What is the system about? How labour, capital and natural resources including land are used to produce goods.

Corporate Social Responsibility (CSR) Definition and tools

TRANSFORMING CAPABILITY SUPPORT MATERIALS LEADING VISION CREATION Triple Bottom Line Introduction The triple bottom line is synonymous with sustainability.

Chapter 6 Theories of Social Responsibility, The Corporate Social Audit , Corporate Sustainability.

FINANCE IN A CANADIAN SETTING Sixth Canadian Edition Lusztig, Cleary, Schwab.

Mining and sustainable development

Chapter 14 Corporate Social Responsibility. Financial Information Analysis2 Copyright 2006 John Wiley & Sons Ltd Corporate Social Responsibility Recent.

Green Economy Initiative Derek Eaton UNEP UNCEEA, June 2010.

Accounting as a Form of Communication

WEC International Corporate Social Responsibility Verification Protocol: The Reality of Implementing Social Responsibility Jim Lime Pfizer Inc April 26,

1 The Link Between Credit Ratings, Corporate Governance & Social Responsibility Presented November 7, 2006 in Quito, Ecuador, at the seminar “Responsibilidad.

Social Responsibility Accounting

Jody Blanke, Professor Computer Information Systems and Law.

ISO Richard Welford CSR Asia © CSR Asia 2011.

1 ISO WD3 ISO/TMB WG SR – ISO ISO WD3 Contributing to the development of ISO Dubai Practitioners Workshop (10 July 2007)

Corporate Social Responsibility- do we need a Statutory Instrument? Presented to the Zambia Alternative Mining Indaba conference- July 17, 2013 Sombo Chunda,

1-1 CHAPTER 1 An Overview of Financial Management.

Session 4 – Corporate Governance and Business Ethics

Implementing and Auditing Ethics Programs

Why study Managerial Finance?

Chapter 2. Advantages of an Audit For Limited Liability Companies –Satisfies a regulatory requirement –Help to discharge the stewardship function –Shareholders.

CHAPTER 1: THE CORPORATE GOALS. Learning outcomes  Identify the goals of corporation and understand why shareholders’ wealth maximization is preferred.

Strengthening Good Governance in the Public Sector Antony Melck University of Pretoria.

Copyright 2010, The World Bank Group. All Rights Reserved. 1 GOVERNMENT FINANCE STATISTICS COVERAGE OF THE GFS SYSTEM Part 1 This lecture defines the concept.

Sustainability Issues

1 ASEM IFRS SEMINAR Shanghai, March 2006 Fair Value Measurement Dr Allister Wilson Technical & Audit Partner Ernst & Young, UK Senior Advisor to.

Social Responsibility in a Global Environment

1 © 2012 John Wiley & Sons, Ltd, Accounting for Managers, 4th edition, Chapter 2 Accounting and its Relationship to Shareholder Value and.

ABB and Corporate Social Responsibility Dr. Gülden Türktan.

RESPONSIBLE CARE ® POLLUTION PREVENTION CODE David Sandidge Director, Responsible Care American Chemistry Council June 2010.

Asset Management in Action: Use of a Triple Bottom Line Approach to Prioritize Capital Improvement Needs Richard Cuthbert R. W. Beck, Inc.

Chapter 8 Liabilities and Stockholders’ Equity. Learning Objectives After studying this chapter, you should be able to…  Describe how businesses finance.

Risk Management & Corporate Governance 1. What is Risk?  Risk arises from uncertainty; but all uncertainties do not carry risk.  Possibility of an unfavorable.

RISK MANAGEMENT : JOURNEY OR DESTINATION ?. What is Risk? “ Any uncertain event that could significantly enhance or impede a Company’s ability to achieve.

Chapter 8 Liabilities and Stockholders’ Equity. Financing Operations Businesses must finance operations through one of two ways: –Debt Financing – includes.

Responsible Care® Basic Awareness 1. DISCUSSION POINTS 2 WHAT IS RESPONSIBLE CARE®? HOW DOES RESPONSIBLE CARE® ADD VALUE? WHAT CAN YOU DO TO SUPPORT RESPONSIBLE.

McGraw-Hill/Irwin Strategic Management, 10/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Corporate Social Responsibility and.

Responsible Care® Awareness for Managers 1. DISCUSSION POINTS 2 WHAT IS RESPONSIBLE CARE®? FEATURES OF RESPONSIBLE CARE® HOW DOES RESPONSIBLE CARE® ADD.

International Security Management Standards. BS ISO/IEC 17799:2005 BS ISO/IEC 27001:2005 First edition – ISO/IEC 17799:2000 Second edition ISO/IEC 17799:2005.

CSR and the ASEAN Community Jerry Bernas Program Director ASEAN CSR Network.

INTRODUCTION: World Bank Environmental and Social Safeguard Policies Training Workshop for Financial Intermediaries and Implementing Agencies May-June,

Sustainability Assessment: The Way Ahead for Corporate Reporting.

Chapter 7 Theories of Social Responsibility, The Corporate Social Audit and Corporate Sustainability.

Business and the Global Challenge – a Novo Group Perspective Lise Kingo, Corporate Vice President, Novo A/S, Stakeholder Relations World Environment Center,

Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

Chapter 2 Business Ethics and Corporate Social Responsibility Human Resource Management.

The Institutionalization of Business Ethics C H A P T E R 4 Ethical Decision Making For Business 8e Fraedrich/Ferrell/Ferrell CHAPTER 4.

3 R’s of Sustainability SESSION 1: The What, Why and How of Sustainability PREVIEW ONLY.

Sustainability Internal Drivers and Self-Assessment Dennis J. Stamm

Business Combinations

An Overview of Financial Management

MGMT 452 Corporate Social Responsibility

International Accounting, 6/e

Consultation on the Finance Sector Supplement to the Natural Capital Protocol This project has been made possible by generous funding and support from.

Chapter 7 Theories of Social Responsibility, The Corporate Social Audit , Corporate Sustainability.

Consultation on the Finance Sector Supplement to the Natural Capital Protocol This project has been made possible by generous funding and support from.

2.5 Societal Environmental Ethics

Non-Financial Corporate Disclosure & CSR Reporting: Setting the Scenes

Understanding the State of Play Regarding Corporate Water Stewardship in Agricultural Supply Chains Jason Morrison Stockholm World Water Week September.

International Accounting, 6/e

Sustainability Internal Drivers and Self-Assessment Dennis J. Stamm

An Overview of Financial Management

An Overview of Financial Management

Code of Human rights & social principles POL 006/A1.

Tax & Payments to Governments

Presentation transcript:

AG203 VALUE THEORIES

“Sustainability” perspective A Social, Environmental and Economic perspective ……..a triple bottom-line

Income Concerned with sustaining social consumption and environmental consumption. Consumption (and related production) of the community does not impair natural capital e.g. clean air and water Pattern or structure of relationships within society and between society and the environment strive to prevent (limit) intergenerational wealth transfer.

Capital Social Capital the product of social relations allows us to privilege non-market based communications regarding social choice…and preserve what is valued (irrespective of price) Natural Capital the ‘ecology’ of our habitat the value of nature is “social constructed”

The greening of accountancy: the profession after Pearce Gray (1990) ACCA Certified Research Report 17 Capital needs to be split between artificial and natural capital (critical and other) …….in order to recognize intergenerational equity Stewardship responsibility extended to assets under ownership AND control

Changes in Standards on Liability International Accounting Standard 37, Provisions, Contingent Liabilities & Contingent Assets (Issued July 1998) extends liability basis beyond legal obligation to include a constructive obligation current debates on measurement

Corporate Governance (Narrative) Reporting Turnbull Report Internal Control: Guidance for Directors on the Combined Code. 27 Sept ICAEW (appendix) Risk Assessment Are significant internal and external operational, financial, compliance and other risks identified and assessed on an ongoing basis? Significant risks may, for example, include those related to e.g. safety and environmental Control Environment and Control Activities Does the company communicate to its employees what is expected of them and the scope of their freedom to act? This may apply to areas such as e.g. safety and environmental protection

(Accounting) Reporting for Sustainability Social, Economic and Environmental accounting …for a triple bottom-line E.g. GRI - Global Reporting Initiative GRI was launched in 1997 to establish standardized corporate sustainability (triple bottom-line) reporting worldwide ….through multi-stakeholder consultation