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Lecture 11

ENV310H5 Lecture Notes - Lecture 11: Forest Stewardship Council, Rainforest Alliance, Integrated Reporting


Department
Environment
Course Code
ENV310H5
Professor
Barbara Murck
Lecture
11

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ENV310 LECTURE 11
- Sector specific standards
o Food industry
Organic
When you look at your company, you might want to see what theyre focusing
on
Bird friendly
Shade- grown
The 3 above were the certifications needed in the Galapagos for businesses to
run
o Wood and forest products
FSC Forest Stewardship Council
Rainforest Alliance
o Problems they proliferate it
In that phase where there are too many certifications, but not many are useful
to the firms
Stewardship council is a good one
- Corporate sustainability reporting
o Roots in env reporting
Reporting on state of the env in their country
Canada was the first country to do it by region
First corporate SOER: 1980s
Focused on env impact nad resource depletion
Grew to focusing on sustainability initiatives
Triple bottom line
CSR and sustainability reporting today: more integrated in the sense that you
see the leading companies showing how they incorporate sustainability into
their lives
Integrated reporting: focuses on the integration of sustainability into
financial decision-making, core reliance on sustainability metrics
o What drives it?
Regulation
Marketing fix image (bp) or tell our story
Investors
o Importance of intl guidelines
Reporting is not meaningful unless we are comparing apples to apples
No basis of reporting unless we compare similar things
The csr list a lot more that are not on the list
GUEST SPEAKER: SAMEER MASOOD
- sameer.masood@impactcmc.com
- ENV400
- GMAT avg for Rottman 720
find more resources at oneclass.com
find more resources at oneclass.com
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