ACCT1101 Lecture Notes - Lecture 32: Triple Bottom Line, Greenhouse Gas, Basf
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Just for i(cid:374)terest, let(cid:859)s look at a(cid:374) e(cid:454)a(cid:373)ple of e(cid:374)(cid:448)iro(cid:374)(cid:373)e(cid:374)tal reporti(cid:374)g: Environmental reporting: an example: puma se is a german company that produces athletic and casual footwear and sportswear, pu(cid:373)a se produ(cid:272)ed a (cid:858)(cid:449)orld first(cid:859) e(cid:374)(cid:448)iro(cid:374)(cid:373)e(cid:374)tal profit & loss (cid:894)p&l(cid:895) state(cid:373)e(cid:374)t i(cid:374) 2010: the environmental p&l covers ghg emissions, water use, the impacts of changes in land use on ecosystems and biodiversity, local air pollution and waste: The remaining 94% is incurred by its entire supply chain: greatest environmental gains if focus is on supply chain. Triple bottom line reporting: social performance: reporting on social performance involves looking at how the business interacts with the community. Is the (cid:271)usi(cid:374)ess (cid:858)so(cid:272)iall(cid:455) respo(cid:374)si(cid:271)le(cid:859): we (cid:272)ould look at (cid:271)usi(cid:374)ess(cid:859) perfor(cid:373)a(cid:374)(cid:272)e o(cid:374) issues su(cid:272)h as, employee rights, employee health and safety, environment. In 2011 rbs was fined 28million for price fixing. In 2012 rbs under fire from environmental groups for its leading role in financing fossil fuel projects.
