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Sustainability accounting is often used to generate value creation within an organisation. [3] Sustainability accounting is a tool used by organisations to become more sustainable. The most known widely used measurements are the Corporate Sustainability Reporting (CSR) and triple bottom line accounting.
Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non-financial reporting or accounting) is the process of communicating the social and environmental effects of organizations' economic actions to particular interest groups within society and to ...
The complexity of CSR is fully captured through standardization tools; Provide legitimacy; Little interaction between the company's global strategy and its CSR strategy; Lay reporting Helps to educate the company's internal stakeholders; Adapted for small structures; Not efficient to ensure comparability because of the lack of structure ...
Increasingly, industries such as the financial sector are coming together to discuss and strategize how to use CSR to rebuild trust and transparency, meet regulatory requirements, foster more ...
In 1981, Freer Spreckley, the creator of Social Enterprise, published SOCIAL AUDIT — A Management Tool for Co-operative Working, in which he first introduced the idea of a set of internal criteria that social enterprises and other organisations should use in their annual planning and accounting.
There is an active debate about most suitable sustainability indicator's use and by adopting a thermodynamic approach through the concept of "exergy" and Hubbert peaks, it is possible to incorporate all into a single measure of resource depletion.The exergy analysis of minerals could constitute a universal and transparent tool for the ...
Triple bottom line (TBL) accounting expands the traditional reporting framework to take into account social and environmental performance in addition to financial performance. In 1981, Freer Spreckley first articulated the triple bottom line framework in a publication called Social Audit - A Management Tool for Co-operative Working. [8]
CSR strategies or behaviors related to CSR were discussed by many scholars in terms of crisis management, such as responses to boycotts in an international context. [136] Ang found that relationship building through providing additional services rather than price-cutting is what businesses in Asia feel more comfortable with as a strategy during ...