ACCT2006 Chapter Notes - Chapter 22: Corporate Social Responsibility, Ecojustice Canada, Sustainability Reporting
Document Summary
Week six sustainability and corporate social responsibility reporting. Sustai(cid:374)a(cid:271)ility reporti(cid:374)g refers to reporti(cid:374)g o(cid:374) so(cid:272)ial a(cid:374)d e(cid:374)(cid:448)iro(cid:374)(cid:373)e(cid:374)tal aspe(cid:272)ts of a(cid:374) orga(cid:374)isatio(cid:374)"s operations. The concept of corporate social responsibility (csr) traditionally fo(cid:272)uses o(cid:374) orga(cid:374)isatio(cid:374)s" i(cid:373)pa(cid:272)ts on society. Sustainable development if development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Intergenerational equity has a long-term focus ad recognises that consumption of resources should not affect the quality of life of future generations. Intragenerational equity relates to the ability to meet the needs of current generations. Eco-efficiency is a focus on the efficient use of resources to minimise the impact on the environment. The risk management approach to sustainability involves compliance with environmental and social relations which is essential for all organisations. The altruistic approach o(cid:272)(cid:272)urs (cid:449)he(cid:374) sustai(cid:374)a(cid:271)ility is guided (cid:271)y the orga(cid:374)isatio(cid:374)"s ethi(cid:272)al or (cid:373)oral stance.
