TRIPLE BOTTOM LINE Reporting and Accounting Standard Lays Groundwork for Managing Corporate Social Responsibility

The business of business is business - or at to the last-place degree it used to be! It was not too retentive agone when companies single-mindedly pursuing the bottom line and stockholder apprize were storyed morally justified in their own right. How quantify suck up changed. With the entrance of the stakeholder society: transparency, merged governance, accountability, overt rights - these are the bracing maxims of today. According to the 1999 Millennium Poll on Corporate cordial Responsibility, by PricewaterhouseCoopers, which surveyed 25,000 consumers, Two in third citizens want companies to go beyond their historical role of qualification a profit, paid taxes, employing people and obeying laws; they want companies to contribute to broader societal goals as well. Lets consider the green movement as an example. In the past tense 10 years, environmental issues have shifted from being a bang movement for bunny-huggers to a global concern in sphere politics. Witness the Rio humans Summit in 1992, the success of the German Green political party in Europe, the Kyoto Protocol on addressing climate change in 1997. The spill-over effect into the business domain has been self-evident. Thousands of companies world-wide are signing up to voluntary environmental standards, much(prenominal) as the International Standards Organisations 14001 environmental Management System, the United Nations growth Programmes International Declaration on Cleaner Production, or the trustworthy Care Code of rehearse of the chemicals industry.

Triple-Bottom-Line Reporting At yearly meetings, concerned shareholders are increa singly calling on directors to account for t! he social and environmental impact of their corporations operations. While environmental, health and natural rubber reports are now increasingly common, reports that tackle social issues much(prenominal) as human rights and child labour are not. Says all-fired shame Robinson, the UN High Commissioner for Human Rights: In the last a few(prenominal) years, perceived corporate complicity in human rights abuses has damaged corporate reputations and, in some cases, share... If you want to get a across-the-board essay, sound out it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay