ACC M115 Lecture Notes - Lecture 30: Sustainability Reporting, Natural Capital, Financial Statement
Document Summary
Sustainability reporting is a broad term to describe an organisation"s reporting on its environmental, social and economic performance. Sustainable development is development which meets the needs of the present without compromising the ability of future generations to meet their own needs. Sustainability management is concerned with the maintenance and long-term enhancement of five types of capital that reflect an organisation"s overall impact and wealth. These five types of capital relate to environmental, social and economic performance. Social performance relating to human and social capital. Economic performance relating to the organisation"s impact on the wider economy in addition to its own manufactured and financial capital. Sustainability reports often appear as part of the annual report, or as a separate sustainability report or a combination of these alternatives. These reports should provide both positive and negative impacts of sustainability performance. Environmental examples: energy consumption, water consumption, emissions. Human rights examples: procurement practices, discrimination, use of child or forced labour.
