Sustainability Performance and Reporting

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Sustainability Performance and Reporting

Development economics and emerging economies Financial accounting Management accounting, bookkeeping and auditing Sustainability

Author: Irene M. Herremans

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Collection: ISSN

Language: English

Published by: Business Expert Press

Published on: 19th June 2020

Format: LCP-protected ePub

Size: 2 Mb

ISBN: 9781951527211


Introduction

This book provides a step-by-step approach for organizations to reap benefits from a more sustainable approach. As organizations tackle global challenges, the faces of our businesses and our economic system are changing to consider the interests of all stakeholders rather than just shareholders.

History of Sustainability

This book provides a step-by-step approach for organizations to reap benefits from a more sustainable approach. It begins with a brief history of the concept of sustainability as it applies to both performance and reporting.

Implementing Sustainability

Implementing sustainability in an organization begins with the development of policies which are consistent with the expectations of its stakeholders. An organization’s active participation in multi-stakeholder initiatives helps to align the policies with societal trends.

Management Systems and Reporting

Once the policies are developed, a management system is crucial to ensure congruence of policies with actual performance. Then, periodic reporting of performance based on well-recognized standards aids stakeholders in assessing an organization’s performance–reporting also helps stakeholders to determine if performance aligns with their expectations.

Assurances and Trust

Both internal and external assurances build stakeholder trust in the organization’s performance and reporting.

Conclusion

Finally, the book concludes with a reflection on key messages and potential future actions for continuous improvement.

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