Corporate Sustainability And The Social, Environmental And...

Executive Summary This report explores corporate sustainability and the social, environmental and financial performance of International Paper Company. â€Å"Today we see a growing momentum to reduce carbon footprints and co-create new social and economic structures.† (http://www.interfaceglobal.com/ Company/Leadership-Team/Ray-Watch. aspx) Sustainability consists of environmental and social performance as well as financial performance. Companies which can incorporate these strong values and cultures are becoming more the norm than not. Many studies now show that most companies have adapted some form of sustainability with some doing so at a higher level than others. In a study by Robert G. Eccles and George Serafeim, they compared ninety companies that they considered to be high sustainability companies and 90 companies that they considered to be low sustainability companies were compared. The findings of their 18 year time frame showed that the high sustainability compani es outperformed the low sustainability companies in the stock market and financially. This only occurred in a long term plan. Therefore companies who want results in the short term might not see the results they want immediately. (Eccles and Serafeim) In today’s society corporations have a responsibility to the environment as well as to making a profit. A range of social and environmental issues and what is expected of the modern day corporation will be discussed alongShow MoreRelatedFrameworks In Greenwashing913 Words   |  4 Pagesand transparent, and to disclose the social, environmental and economic impacts of their activities through sustainability reporting (Klettner, Clarke Boersma 2014; Soderstrom 2013). Accordingly, there has been an increase in organisations’ claiming their voluntary commitment to the international standards and frameworks for corporate sustainability – namely, the United Nations Global Compact (UNGC) and the Global Reporting Ini tiative (GRI)’s sustainability reporting guidelines (Klettner, ClarkeRead MoreAccounting Theory Assignment 21710 Words   |  7 PagesEssay Topic: How social and environmental reporting practices undertaken by companies highlight the limitations of the conceptual framework. Introduction: Accountancy has always been concerned with mainly the accountability of directors to shareholders and companies to creditors. As companies grow larger and become more integrated with the society, this call for a focus towards sustainability and being accountable to a wider range of stakeholders (Perks, 1993). Corporate Social Responsibility isRead MorePuma Corporation s Integrative Managerial Issues Regarding Social Responsibility Essay1213 Words   |  5 PagesPuma Corporation’s Integrative Managerial Issues Regarding Social Responsibility During the 1960’s, the definition of corporate social responsibility expanded as social activists began to question the typical â€Å"economic obligations† mentality, which focused on the singular economic objective of business. Nowadays, society expects much more out of businesses and corporations. Business firms are expected to go beyond their legal and economic obligations and act in ways that are beneficial to societyRead MoreThe International Integrated Reporting Council Essay1613 Words   |  7 Pagesaccounting practice in New Zealand within the next 5 years for KPMG. The paper will additionally comment on the advantages and disadvantages of the accounting regulation. In which, the target audience of this report is firm partners who demand to be up-to-date regarding the latest developments and probable changes in the accounting practice landscape. The followed by the conclusion. Discussion The concept of The International Integrated Reporting Council (IIRC) has publicized the ‘Integrated ReportingRead MoreTo what Extent is Corporate Social Responsibility Beneficial to a Company’s Performance?1078 Words   |  5 Pagesnumber of companies that have an explicit Corporate Social Responsibility (CSR) plan. As stated by European Commission (2001), CSR is defined as â€Å"a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.† It is believed that the motives for CSR are gradually converting from philanthropic rationale to performance-driven orientation, but the question of better company performance resultingRead MoreSustainability Reporting Of The United States1672 Words   |  7 PagesAbstract Sustainability reporting in the United States is still a work in progress. While more countries around the world are requiring companies to report the effects of their business activities as part of their annual report, this practice is still voluntary in the US. Even though sustainability reporting is not required, companies generally disclose sustainable information on their websites or through social media. Being social responsible builds a certain type of bond that brings internal andRead MoreCorporate Social Responsibility : Framing Csr Within A System Of Global Ethics1470 Words   |  6 Pages Global Ethics - Final Paper May 2nd – 2016 Corporate Social Responsibility Framing CSR within a System of Global Ethics Introduction The field of Global Ethics has recently emerged as its own independent field of study that engages with many of humanities most pressing ethical questions. One of the most important subsets of this field of study is arguably how the role of international corporations will fit into the process of addressing many ofRead MoreCorporate Accountability : Corporate Responsibility Essay1306 Words   |  6 PagesIntroduction In April 2015, Corporate Responsibility Magazine released their annual list of the most socially responsible companies in the United States. The top ten companies included Microsoft, Hasbro, Johnson Johnson, Xerox Corp, Bristol-Myers Squibb, Intel Corp, and the Campbell Soup Company (Corporate Responsibility Magazine, 2015). Corporate accountability was measured in seven categories: financial, employee relations, governance, human rights, environmental, climate change, and philanthropyRead MoreIntegrated Reporting And Non Financial Information1749 Words   |  7 Pagesissued by an organization that includes financial and non-financial information regarding the organization’s strategy, governance, performance and prospects with the view of explaining the formation of value in the short, medium and long term in regards to its external environment. While some view Integrated reporting (IR) as having the potential to create value in many industries, others see integrated reporti ng as simply a merger of financial and sustainability report into a single document. (SokyaRead MoreDoes Sustainability Reporting Improve Corporate Behaviour?: Wrong Question? Right Time?14566 Words   |  59 PagesPublication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/rabr20 Does sustainability reporting improve corporate behaviour?: Wrong question? Right time? Rob Gray a a University of St Andrews Published online: 28 Feb 2012. To cite this article: Rob Gray (2006) Does sustainability reporting improve corporate behaviour?: Wrong question? Right time?, Accounting and Business Research, 36:sup1, 65-88, DOI: 10.1080/00014788.2006.9730048 To