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5.social accounting (trends in reporting (issue in trend (climate chance…
5.social accounting
trends in reporting
management commentary
financial info
sutainble
gov and remuneration
GRI = most popular framework
most compnies do integrated reports, 60%
encourage growth: stakeholders interes, climate change, , good gov,
issue in trend
climate chance as a financial risk,
sustaable developpement goals
human rights
more regulation, integrated: new normal, com impact
what makes a good Social acc
disclosure
audit, external verification
management policy and systme
schemes: audit, certify, reporting GRI, reporting assurance
comparability, evolution, continous improvement
inclusive, completeness
range, influence, coherent time, value chain, include all, not omit
good
content
materiality: externe: impact eco, env and social, interest by SH, laws, regulation, impacts
interne = org values, policies, strategies, risk, core comp
inclusiveness
sustainability context: perf, LT strategy
quality
balance, unbiased + and -,
comparability YTY, variations explained
accuracy, sufficient, clear, destribe measure
time line, regular, recent
clarity, not detail, accessible,
reliable, audit, assurance, original source
do and don't
cross dep work
material issue
tell report
align stategy
honext,
use GRI
why
areas: ethics, environnement, social, sustainability
voluntary process, com activites and impact on social, ethical and environmentatl isseus relevant so stakeH
challenges
how to assess social impacts
which impact account
for practical an moral reasons
transparency
improve SH management
pressure interne and ex
risk identification
BUT
insufficient info, bad SI
lack of standards
high cost
confidentality
GRI: global reporting initiative
disclose eco, env and social perf as financial report, important to org sucess
mission = create transparency,
standard
overall context
management approach
perf indicators
eco, env, social
UPS
went from private to public
issues: climate change, tech
stand alone VS integrated reporting
integrated
broader range, LT value, time horizon, scope
more than just finance: env, HRM,
externalites: benefit society, shared value benefit stakeholder, annual report: only by org
include how creates value, measure layers of value, id value at each lvl and effect on perf
international integrated reporting council
standards, tool, better info, creation of value
content: overview, goc, BM, risk, strategy, ressouce, perf, outlook,
reporting directive
apply to >500 employees public