Corporate Sustainability
Summary of the purpose of Corporate Sustainability Reporting
Reporting corporate sustainability is one of the best ways to ensure that a company is not only doing well financially in the present but also in securing a better and more certain future. The reporting of corporate suitability ensures that the current needs of the organization are effectively met without comprising future needs of the organization. Reporting on corporate sustainability also ensure that organization are able to keep up with all changes in the industry, with ensuring that new innovations have been developed, maintained and employed in the daily operations of the organization. Corporate sustainability is developed on a grid developed to ensure that the future is secure, and that the organization will survive for a long time.
Corporate sustainability also encompasses the assessment of current and future risks that the organization is likely to endure. As such, a majority of organizations mainly embrace corporate sustainability in their daily operations as it assists in the assessment of risks that an organization is prone to be affected by. Corporate suitability reporting is also a way through which organizations are able to promote transparency in their organization to the stakeholders. It gives the stakeholders a chance to review the future of the organization as well as make them involved in the organization's management, thus making the organization an overly attractive investment to venture into for the involved stakeholders.
Suitability reporting thus promotes transparency to organization's internal and external stakeholders through a variety of ways. Its focus is on the organization's future, but it also touches on the influence of the organization on the economics of the country, the environment and the social status of the community. Sustainability reporting thus not only reviews the finances and security of an organization in the market but also encompasses the corporate social responsibility of the organization in the present and the future. It is a measure of the impacts the organization will have on the market as well as those that the market will have on them.
The stakeholders as well as the organization's management use the reports obtained from the corporate sustainability reporting in a variety of ways. Benchmarking is one of these ways. The reports obtained are used in relating the findings the law, competitors, ethics as well as performance standards. The reports are also used in demonstrating the organization's plans as well as comparison with the competitors and are used to create a better future for organizations. Additionally, the development of these reports is not a haphazard outcome but rather a procedural following that encompasses the use of various specifications and guidelines, known as the sustainability reporting guidelines.
Corporate sustainability is a new management paradigm used for productivity (Wilson, 2003, p.1). The development of a sustainability report is one of the surest ways to ensure that the organization will be making profit, not only in the current fiscal year but in the future. Regardless of the fact that the core recognition is on profitability and economic success currently and in the future, corporate sustainability recognizes the essence of the organization's involvement in assistance of achieving the societal goals, and promoting ethical concern for the world out there. Corporate sustainability recognizes responsibility to the society, environment and the stakeholders as a mandatory act for the organization to attain and achieve organizational success (Wilson, 2003, p.2).
The core concentration of sustainability reporting is on three main branches of the community; economics, ecology and social justice. As a result, there are three field as that have to be present in a sustainability report; moral philosophy, strategic management and business law (Callado & Fensterseifer, 2011, p.44). As a result, there are a number of theories have been developed to ensure that an organization creates a perfect sustainability report. These theories include, Social contract theory, Social justice theory, Deontological theory,
Corporate Social Responsibility and Environmental Ethics Abstract/Introduction -- No one can argue that the international business community is becoming more and more complex as a result of globalism. In turn, this complexity is driven by an increasing understanding of sustainability, going "green," and bringing ethical and moral philosophy into the business community. British Telecom, for instance, noted in 2007 that it had reduced its carbon footprint by 60% since 1996, setting
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Corporate Social Responsibility Literature Review a topic-Corporate Social Responsibility The term 'corporate social responsibility' is a social word that has often taken the world by a storm at its mention. Noya and Clarence (2007) in their book "The social economy: building inclusive economies" offers a succinct description and understanding of what normally takes place and get exemplified at the mention of this term in the business world. Many writers of business journals
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" (Traventec, Ltd., 2005) Market saturation is possible according to Traventec, Ltd., due to the constant "influx of new entrants into the low cost carrier and regional space and continued expansion of existing players. When and whether market saturation is actually reached in specific regions of the world depends on how mature regional and low cost air transport is in the first place and the size of the yet under-served
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