Chapter from: "Sustainability Performance and Reporting"
Published by:
Business Expert Press
Length: 35 pages
Share a link:
https://casecent.re/p/170568
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
This chapter is excerpted from 'Sustainability Performance and Reporting'. As organizations tackle global challenges, the face of our businesses and our economic systems are changing to consider the interest of all stakeholders rather than just shareholders. This book provides a step-by-step approach for organizations to reap benefits from a more sustainable approach. It begins with a brief history of the development of the concept of sustainability as it applies to both performance and reporting. Implementing sustainability in an organization begins with the development of policies which are consistent with the expectations of its stakeholders. An organization's active participation in multi-stakeholder initiatives helps to align the policies with societal trends. Once the policies are developed, a management system is crucial to ensure congruence of policies with actual performance. Then, periodic reporting of performance based on well-recognized standards aids stakeholders to assess an organization's performance. It also helps stakeholders to determine if performance aligns with their expectations. Both internal and external assurances can aid in developing stakeholder trust in the organization's performance and reporting. Finally, the book concludes with a reflection on key messages and potential future actions for continuous improvement.
About
Abstract
This chapter is excerpted from 'Sustainability Performance and Reporting'. As organizations tackle global challenges, the face of our businesses and our economic systems are changing to consider the interest of all stakeholders rather than just shareholders. This book provides a step-by-step approach for organizations to reap benefits from a more sustainable approach. It begins with a brief history of the development of the concept of sustainability as it applies to both performance and reporting. Implementing sustainability in an organization begins with the development of policies which are consistent with the expectations of its stakeholders. An organization's active participation in multi-stakeholder initiatives helps to align the policies with societal trends. Once the policies are developed, a management system is crucial to ensure congruence of policies with actual performance. Then, periodic reporting of performance based on well-recognized standards aids stakeholders to assess an organization's performance. It also helps stakeholders to determine if performance aligns with their expectations. Both internal and external assurances can aid in developing stakeholder trust in the organization's performance and reporting. Finally, the book concludes with a reflection on key messages and potential future actions for continuous improvement.