Sustainability and the Balanced Scorecard: Integrating Green Measures into Business Reporting By: Chris Apel Managerial Accounting 12-2-12 Practices that are good for the environment and society may appear to have a negative impact on corporate profitability‚ but use of the balance scorecard can result in a clearer picture of the relationship among sustainable practices‚ corporate strategies‚ and profitability. This article explores three ways that sustainable practices can be incorporated
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sustainability goals and aspirations versus corporate mission and stated stewardship objectives. First‚ let us describe the overall idea about REI’s; Sustainability Goals Aggressive and simultaneously striving for no trade-offs (All Triple Bottom Line taken into consideration) Sustainability Aspirations In another word – vision. GHG emissions‚ energy use and waste to landfill are currently covered. More to come. Corporate Mission or Purpose Inspire‚ educate and outfit for a lifetime
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Responsibility Report (CSR) 2011 explains the sustainability objective of Telus as “Integrate CRS considerations into our business”. In order to achieve this objective of integration Telus focused and invested in the following three key areas (Triple bottom line). ECONOMIC | SOCIAL | ENVIRONMENTAL | * Sustainable revenue generation & return on investment. * Robust internal financial controls & disclosure mechanisms * Investment in technology research & development * Contribution
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needs Brundtland’s idea is nice in a perfect world but is missing a lot of practical thinking. Two of the more conventional schools of thought are the triple bottom line and the “real” hierarchy of dependence‚ both of which can be illustrated as follows. Environment Society Finance Finance Society Environment Unfortunatly the triple bottom line is always going to consider the
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CORPORATE CITIZENSHIP MNN3701 FACILITATOR: Ms Tracey Cohen Agenda: • • • • • • • • • Introduction and ground rules SU 1 – “Imagine” SU 2 – Course Overview SU 3 – Sustainable Development SU 4 – Corporate Citizenship Defined SU 5 – Milton Friedman and the Business of Business SU 6 – The “Why?” of Corporate Citizenship SU 7 – The “How?” of Corporate Citizenship SU 8 – Corporate Citizenship and Leadership 2 Contact Details Tracey Cohen Lecturer: Department of Business Management : 012 429 6136
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front of Wal-Mart for the next five years should be the repositioning of its global brand to become synonymous with sustainability. To reach this objective‚ Wal-Mart should institute specific related sub-goals in three main categories: (1) product line‚ (2) internal operations and (3) partner relationships. In terms of products‚ Wal-Mart should establish an annually growing target ratio between sustainable and other products carried by the chain. The long-term benchmarks should be both internal
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3.1 The concept of Sustainability Balance Scorecard (SBSC) Sustainability Balance Scorecard is the management tool which support the company developing their business with the sustainability value-based orientation. It means that the company which makes contribution to the sustainable development has to balance three dimensions of sustainability: Economic‚ Environmental and Social (F. Figge et al 2002. In the origin Balance Scorecard (BSC)‚ the company just displays their economic strategies‚ therefore
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TABLE OF CONTENTS Contents Chairman’s Message __________________________________________________ 1 Company Profile _______________________________________________________ 2 Organizational Timeline _______________________________________________ 3 Corporate Structure ___________________________________________________ 4 Mission Statement _____________________________________________________ 5 Stakeholders____________________________________________________________ 6 Product Range ______
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1 General Mills Corporate Responsibility MGT-153 Introduction to Business 2 Corporate Social Responsibility Corporate social responsibility is recognized as business activities that affect the community‚ and the impact of these activities in the community (Pride et.al.2008). This is important for businesses to connect with their community in order to create customer loyalty and to gain new customers. Customers often
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Dell company Dell mission:. fully integrate environmental stewardship into the business of providing quality products‚ best-in-class services‚ and the best customer experience at the best value. I think it’s a good mission because it talks about the actual position of dell and what its doing‚ not about future‚ and because it includes the customers and products and services‚ which is important to be included in a mission statement. Dell vision: to Provide Accessible Computers to Visually-Impaired
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