Executive summary: Sustainability reporting‚ alternatively known as CSR reporting‚ is the annual process whereby companies - public‚ private; large and small - report on their sustainability performance. Reports typically cover social‚ environmental‚ economic and ethical performance and incorporate information on a company ’s environmental impact or carbon footprint‚ staff satisfaction‚ community investment etc. Sustainability reporting is becoming increasingly important as a tool companies can
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Economic Sustainability The business of staying in business Deborah Doane & Alex MacGillivray New Economics Foundation March 2001 Executive Summary Although sustainability is now generally understood to be a combination of environmental‚ social and economic performance‚ this report finds that economic sustainability is the most elusive component of the “triple bottom line” approach. There is not even universal consensus that businesses should be economically sustainable‚
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The 2010 BP oil spill that took place on the BP-operated Macondo Prospect claimed 11 lives‚ and is considered to be the largest marine oil spill in the petroleum industry’s history. The spill flowed continuously for 87 days until it was declared to have been contained on 15th July 2010 and finally sealed on 19th September of the same year (BP‚ 2013). However‚ unconfirmed reports indicate that some of the well sites continue to leak (Pulham‚ Hilaire & Fenn‚ 2010). The spill took a physical and psychological
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problems lie in social and economic systems that are unsustainable awareness of the need for environmental and social sustainability has grown among citizens‚ governments and finally‚ mainstream businesses. Recently‚ that awareness appears to have reached a tipping point‚ which finally stimulated businesses and consumers to be more sustainable. What is sustainability? Sustainability is the ability of a system no maintains or renews itself perpetually. For example with nature‚ people and animals renew
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1.1 What is Sustainability The World Commission on Environment and Development (WCED 1987‚ in Gareis et al. 2010‚ p. 2) defines sustainability as the development that conforms to the needs of the present without making or willing to make concessions on the ability of future generations in order to meet their own wants and needs. In a different concept‚ sustainability has lately turned out to be a corporate yet societal concept (Gareis et al.‚ 2010). Corporate sustainability has different
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BUSINESS‚ GOVERNMENT AND SOCIETY Sustainability Framework For: Deryk Stec By: Shyam Maheshwari (3461529) 2/4/2013 This paper explains the sustainability strategies of Adidas and Nike and then compares itself with the sustainable value framework of Hart’s. What is Sustainability? As defined by Environment Canadai‚ Sustainable development is the process of developing land‚ cities‚ businesses and communities so that our current needs are met without compromising the ability of future
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management style as the conflict regards the general health‚ welfare‚ public safety‚ and sustainability of multiple economies. Currently there are factions in control of specific elements which will require those to “stand up for their rights‚” normally I would not condone this style—but I believe we are past a negotiating stage as each side has picked their platform and will not yield. Who is Responsible? BP is responsible for the disaster and should be held fully accountable for all economic
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& Sustainable Development Globalization allows the creation of additional value and increase efficiencies for national economies. In essence‚ this model aims at promoting productivity‚ connectivity‚ and specialization. However‚ global trade focuses on the economic wellbeing of nations in isolation of the environments they operate in. This stems from the fact that globalization rests on the views of capitalism; a system that calls for free market trade. This view of development is becoming increasingly
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Writing a Sustainability Plan A Sustainability Plan can take many forms. Depending on the size‚ type and capacity of your organization‚ your Sustainability Plan could be a two-page document that focuses on a long-term vision and broad goals‚ or a one hundred-page document that outlines specific targets‚ quantitative indicators and a detailed timeline. What is important is that your organization takes the first step to holistically managing the impacts – both positive and negative – that your organization
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CORPORATE RISK MANAGEMENT REPORT Corporate and Enterprise risk at BP BP plc is one of the worlds leading oil companies on the basis of market capitalisation and proved reserves. It is a global group‚ with interests and activities which cover three main business segments of Exploration and Production‚ Refining and Marketing and Gas‚ Power and Renewables. BP has total assets of $217‚601million and total revenues of $270‚602million with the majority of their revenues ($) coming from
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