Sustainability accounting links sustainability initiatives to company strategy. The evaluation of risks and opportunities, providing measurement and accounting and performance management skills are all part of sustainability accounting. Sustainability should be embedded into the day-to-day operations of an organization.
If there’s one realism that has emerged since it first appeared on the leadership front more than 30 years ago, it’s that sustainability is neither a passing fad nor a fleeting priority. Time has proven that a focus on sustainability initiatives, linked to business strategy, as a top organization priority, can deliver measureable bottom-line and reputational returns far beyond initial expectations.
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the bottom line, preserving the planet or a combination of the two, sustainability has officially
crossed the threshold of America’s businesses, with many of the greatest skeptics
even now realizing that it’s here to stay. In fact, according to the Governance
& Accountability Institute’s report: 2012 Corporate
Environmental, Social and Governance / Sustainability / Responsibility Reporting – Does It Matter? Analysis
of S&P 500 Companies’ ESG Reporting Trends and Capital Markets Response, “53 percent of S&P 500 Index companies are
currently disclosing ESG information, compared to about 19-20 percent of the S&P 500 reporting in 2010.”
momentum is being fueled by a large, influential and growing majority of
supporters: business leaders. They recognize that sustainability-minded
organizations are more
committed to management checks and balances, informed decision-making and
community goodwill. What follows is an organization’s reputation for greater
stability, less risk and a more secure market value. Sustainability-minded
organizations are among the top choices when retailers and other businesses
create vendor relationships, select investment candidates and make purchase
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week, my blog
post discussed that Integrated Reporting <IR> represents an important
shift in corporate reporting in which CPAs can play a key role providing
consulting services, implementation or report preparation. In today’s blog, I’m
drilling down into some of the key concepts of the recently released Consultation Draft of the
International <IR> Framework that are important for CPAs to understand.
features of the Draft Framework are:
Continue reading "5 Things CPAs Need to Know about Integrated Reporting" »
reporting in the U.S. and around the world has often developed as disparate
strands of reporting. Stakeholders have
grown to seek more and more information in a number of different reporting
vehicles, but do they really seek the details or are they trying to drive
better corporate practice?
Reporting <IR> represents an evolution of corporate reporting that
focuses attention on how an organization creates value in the short, medium and
long term. An integrated report, a key
output of Integrated Reporting, is a concise report primarily
intended for investors of financial capital, although other stakeholders who
have an interest in the organization’s ability to create value will also
benefit from such communications.
Continue reading "Evolution of Corporate Reporting: Integrated Reporting" »
I live blogged from the AICPA's Sustainability Workshop that took place May 2 to 3 in New York City. The workshop is part of the Executive Boardroom Series from the AICPA and the Enterprise Risk Management Initiative at the Poole College of Management at North Carolina State University. Below is a replay of the entire two-day event.
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