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A 2014 session by the United Nations Conference on Trade and Development promoting corporate responsibility and sustainable development.. Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. [1]
Essentially an SA is intended to better inform decision makers on the sustainability aspects of the plan and ensure the full impact of the plan on sustainability is understood. The United Kingdom in its strategy for sustainable development, A Better Quality of Life (May 1999), explained sustainable development in terms of four objectives.
Whole-systems thinking and backcasting from sustainability principles form the basis for numerous applications and tools to plan and (re-)design organisational strategy, organisational processes, product/service innovation and business models. Its biggest advantage is the concept of 'simplification without reduction' to prevent getting lost in ...
The phrase, "people, planet, and profit" to describe the triple bottom line and the goal of sustainability, was coined by John Elkington in 1994 while at SustainAbility, [3] [9] and was later used as the title of the Anglo-Dutch oil company Shell's first sustainability report in 1997. As a result, one country in which the 3P concept took deep ...
Recently, businesses and financial actors claiming sustainability have raised doubts. Greenwashing is a dishonest practice where financial market participants falsely claim sustainability, risking damage to their reputation and potential legal consequences. It can be achieved under different forms such as a mix of despicable environmental ...
Environmental accounting is a subset of accounting proper, its target being to incorporate both economic and environmental information. It can be conducted at the corporate level or at the level of a national economy through the System of Integrated Environmental and Economic Accounting, a satellite system to the National Accounts of Countries (among other things, the National Accounts produce ...
The Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 by Jean Rogers [1] to develop sustainability accounting standards. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of companies, driving ...
The McKinsey 7S Framework is a management model developed by business consultants Robert H. Waterman, Jr. and Tom Peters (who also developed the MBWA-- "Management By Walking Around" motif, and authored In Search of Excellence) in the 1980s. This was a strategic vision for groups, to include businesses, business units, and teams. The 7 S's are ...