Accounting Sustainability and Reporting.

Sustainability refers to striking out a balance between present needs and the future needs and accordingly making out a decision for consumption of the resources. In the context of development or consumption of resources, the sustainability means consuming resources responsibly by taking the future needs into consideration (Schaltegger, Bennett, & Burritt, 2006). The business organizations consume scarce environmental resource, few of which are difficult to be restored. Therefore, these organizations should assume a sense of responsibility to use the scarce environmental resources in an effective and efficient manner. The regulators around the world are now being actively engaged in framing the rules and regulations to achieve sustainability in the developments. Major steps at the global level are being taken to enhance the sustainable business developments. In this regard, one of the major steps taken by the regulators is compelling the business organizations to adopt sustainability accounting and reporting practices (Schaltegger, Bennett, & Burritt, 2006). Sustainability accounting and reporting practices are directed to report the steps taken by the companies towards sustainability issues. The companies have been mandated by the government regulations to contribute towards the environment and society for promoting sustainability (Brockett & Rezaee, 2012). The concept of corporate social responsibility emerged which requires the companies to contribute towards the development of society and the environment. The sustainability accounting is a broad concept that provide for aligning the sustainability initiatives with the organizational strategies. Sustainability accounting not only involves reporting on the sustainability initiatives, but it also involves evaluation of the risks and threats to the environment and measurement of the company’s performance from environmental perspective. The issues of sustainability are being considered at the international level requiring the firms to adopt these practices. The adoption of sustaina ble business practices is considered beneficial not for a firm only but for the overall economic environment at the global level (Brockett & Rezaee, 2012). The report presented here is aimed at exploring the significance of sustainability accounting and reporting practices in the overall economic development of a country. In order to achieve this aim, the report will address the following objectives: This research report covers a comprehensive literature review to gather the views of existing literatures on sustainability accounting and reporting. Further, the report takes on data analysis on the subject matter of the research to find out actual impact on the corporations and economy. In this regard, the report precisely describes the methodology used to collect and analyze the data. Further, a discussion taking the view of existing literatures and the findings of the data analysis has been carried out followed by a concise conclusion being drawn.  Ã‚  Ã‚   The literature review section of the entire research report is very crucial. In this section, the researcher gets the knowledge of existing literatures on the subject matter of research, which is necessary to understand the foundation of the research (Jesson, 2011). Further, the review of literature also boosts up the confidence of the researcher by providing a strong foundation for data collection and analysis. The current research focuses on sustainability accounting and reporting, thus, the review of existing literatures focuses around this topic. In order to carry out the review of literatures appropriately, the entire subject matter has been bifurcated into different heads as discussed below. According to Soderstrom (2013), traditionally, the accounting and reporting practices in the firms could be found to be focusing on communicating the financial information and operational data to the stakeholders. However, the process of accounting and reporting has undergone a severe change to include the reporting on the sustainability issues. Over the last two decades, a drastic change in the approaches of reporting to the stakeholders has been witnessed (Soderstrom, 2013). The government regulations made it compulsory for the corporations to report on the corporate sustainability in their annual reports. The origin of sustainability reporting can be traced in way back 1960s and 1970s; however, the popularity was very less. As per the survey conducted by one of the world’s largest accounting firms, â€Å"Earns & Young†, only 1% of the 500 fortune companies were found to be reporting on the social and environmental sustainability in the mid 1970s in the United States (Soderstrom, 2013). According to Zu (2008), in the mid 1990s, triple bottom line reporting was introduced to promote sustainability (Zu, 2008). The triple bottom line model of reporting was primarily aimed at balancing the three crucial aspects of the business such as society, environment, and profitability. This model provided that the business should not only concentrate on the profits, but equal emphasis should also be given to the social and environmental aspects. Further, the triple bottom line reporting model also claims that the profitability of the company automatically increases when proper balance between the needs of shareholders, society, and the environment is maintained. This model greatly emphasized the role of society and environment in building the firm’s business and enhancing the firm’s value in the long run (Zu, 2008). Further, in the year 1997, the Global Reporting Initiative, a non-profit organization was founded, which provided for guidelines in regard to sustainability accounting and reporting by the firms (GRI, 2008). It was the increased need for sustainability that laid the establishment of Global Reporting Initiative in the last 1990s. According to Gupta & Mason (2014), the Global Reporting Initiatives (GRI) provides reporting frameworks which assist the corporations in complying with the legal reporting requirements in regard to sustainability. Global Reporting Initiatives (GRI) has issued G3 guidelines which cover three core areas of sustainability such as economic, social, and environment. Gupta & Mason (2014), further state that reporting under the G3 guidelines helps the corporations enhance transparency and goodwill in the market which ultimately affects the worth of the company positively (Gupta & Mason, 2014).  Ã‚     Ã‚  Ã‚  Ã‚   According to Daizy & Das (2014), Sustainability reporting has become part of the strategic decision making in the firms. Both, management as well as other stakeholders such as shareholders, society, and the government are benefited in some or other way by the sustainability reporting practices. The primary reason for sustainability reporting is to ensure that the efforts made by the corporations towards sustainability are measured and communicated to the stakeholders (Daizy & Das, 2014). Further, in the views of Daizy & Das (2014), the companies can improve their operational efficiency and ensure growth in the shareholder’s value in the long run by implementing and maintaining the sustainability reporting practices. Thus, apart from being a regulatory requirement, the sustainability reporting is also crucial for the long term growth (Daizy & Das, 2014). Further, sustainability reporting assists the management in analyzing the non financial factors and finding out impact of those factors on the firm’s profitability. In the present scenario, it has been really pertinent to measure and evaluate the impact of non financial factors such as society and environment on the financial performance of the firm (Daizy & Das, 2014). It is compulsory for the firms to continually contribute towards the social and environmental sustainability and assess its impact on the firm’s financial performance. This assessment can be carried out with the help of structured data which is prepared through the sustainability accounting and reporting practices. Therefore, sustainability accounting and reporting plays a crucial role in analysis and decision making, whether it is being done by the management for internal purposes or by the shareholders (Daizy & Das, 2014).   Ã‚  Ã‚  Ã‚   The sustainability reporting has become part and parcel of financial reporting for most of the corporations in the 21 st century (CPA, 2013). The adoption of sustainability reporting has been promoted not only because regulators made is obligatory, but more due to its enduring advantages. The sustainability reporting provides benefits to all type of companies and in particular the large corporations are benefited in the form of enhanced shareholder’s confidence, improved goodwill in the market, and improved operational efficiency. Further, there are many other indirect advantages of adopting the sustainability reporting practices, for example, savings in resource consumption, cost reduction, waste reduction, and improved relationship with regulatory bodies (CPA, 2013).   As per Faisal, Tower, & Rusmin (2012), about 250 companies from all over the world have adopted the corporate sustainability reporting practices and providing a separate report on the social and environmental initiatives (Faisal, Tower, & Rusmin, 2012). The large corporations and particularly the companies listed on the stock exchanges are being more complaint in regard to sustainability reporting than the smaller companies. The authors further state that though the sustainability reporting is increasing at the global level, but it is still imbalanced. It is perceived that the adoption of sustainability reporting adds additional burden on the smaller firms and thus, it has not been made obligatory for them in most of the countries. However, the bigger firms (listed companies) are quite capable to bear that additional burden and also the fact that these firms consume the environmental and economic resources at the large scale and affect the bigger part of the society, leads to making the adoption of sustainability reporting practices compulsory for them (Faisal, Tower, & Rusmin, 2012). Though adoption of sustainability reporting practices is advantageous for the firms but at the same it is challenging also. According to Faisal, Tower, & Rusmin (2012), the first key challenge in implanting the sustainability reporting effectively is identification of the needs of target audience. The sustainability reports are prepared to provide information on the approach followed by the company towards the social and environmental issues. The key challenge is to decide a standard format so that the information is communicated to the target audience in the best manner. However, challenges in this area are to some extent lessened by the guidelines provided by GRI. Further, the firms also struggle in measuring and evaluating the impact of its activities on the society and the environment precisely. It is quite a subjective matter to measure and evaluate the impact of firm’s activities on the social lives and the environment Faisal, Tower, & Rusmin (2012). Despite these challenges, the firms are adopting the sustainability reporting practices all over the world. According to OECD (2008), 120 companies out of total 500 have adopted the sustainability reporting and these numbers are expected to increase further in future. However, the popularity of sustainability reporting is increasing rapidly in Australia, but comparing it at the global level, it seems that improvements are still needed (OECD, 2008). There is a need to make strong efforts by the regulators, government, and the corporations to make sustainability reporting widespread in the country. The regulator has to consider that making the sustainability reporting obligatory for only listed companies would not be enough. The small and medium sized firms should also be encouraged to come forward and adopt the best sustainability reporting practices (OECD, 2008).  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   According to Vasile et al. (2016), the sustainability reporting fixes responsibility on the companies to make legitimate efforts towards development of society, environment, and the overall economy. There are various aspects which could be put into discussion to assess the impact of sustainability reporting on the economy. These aspects are improvement in living standards of the people, savings in the consumption of scarce natural resources, and improvement in firm’s long term profitability. Vasile et al. (2016), further state that development of the society and environment are the elements of economy development, thus, if the efforts are made to improve the society or the environment, the economy will automatically be affected positively (Vasile et al., 2016). According to Higgins (2013), the sustainability and economic development are interdependent on each other. The gross domestic product indicates economic growth. If a country chases high growth in the GDP, it would require increasing the production quantities at a large scale (Higgins, 2013). The increase in production of goods would entail consumption of resources at the large scale. The consumption of resources at a rapid pace is dangerous for the sustainability. Therefore, the need to strike out a balance between the desired economic growth and the consumption of resources in a sustainable manner is essential. Further states that balancing the current economic growth and the consumption of the resources is crucial for long run survival of the economy (Higgins, 2013).  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The reporting on sustainability issues has raised awareness in the business firms to save wastage of resources. The reduction in wastage of resources enhances the profitability of the firms which in turn increases the economic growth positively (Higgins, 2013). Further, as part of the sustainability efforts, the business firms are also contributing significantly for improving the societies. The contribution of the firms in this direction is critical to rise up the living standard of the people. Further, the improvement in the living standard is crucial for the overall economic growth. Thus, it could be said that the sustainability efforts made by the firms are essential for the overall improvement in the economic conditions of not only a country but at the global level (Higgins, 2013). In the views of Daly (2014), the economic development in the sustainable manner could be slow but it will be study and long last. The sustainability gives an impression that the resources are not to be used heedlessly (Daly, 2014). The firms are required to keep the needs of future in mind while consuming environmental resources. The consideration of future needs leads to consumption of the resources in a responsible manner which might lead to slow growth. However, the growth may be slow but it would be study. Consuming resources in this manner, the firm will be able to sustain its business for longer term which would ultimately affect its value positively (Daly, 2014).     Ã‚   The views of authors on sustainability accounting and reporting have been analyzed in this section. The literatures were reviewed with the objective of finding out the impact of sustainability accounting and reporting practices on the overall economic development of a country. In this regard, many authors provided their views on the reasons for evolution of the sustainability accounting and reporting practices. Some of the authors stated that it has become a mandatory requirement and few of them stated that sustainability accounting and reporting practices affects the value of the firm positively in the long run. Further, review of literatures reveal that though the adoption of sustainability reporting benefits the firm but it is quite a challenging task. However, the implantation of sustainability reporting could be vital for the overall economic development sustainability.  Ã‚     Ã‚  Ã‚   A systematic approach is adopted in conducting a research which involves application of appropriate methodology to collect the required data and apply the data analysis tools. The tools and techniques applied in the research for data collection could be scientific requiring application of principles of statics (Olsen, 2011). The selection of appropriate data collection methods and the analytical tools is critical for completing the research in an effective manner. There are two main categories of data collection methods such as primary and secondary. The primary data collection methods comprises of the methods such as survey and interview. Further, the secondary data collection methods comprises of the methods such as review of the documents and observations (Olsen, 2011). It has been observed that the secondary data collection methods are suited the best in the case of qualitative researches. The research carried out in this report aims at exploring the impact of accounting sustainability and reporting practices on the overall economic development (Lapan, Quartaroli, & Riemer, 2011). The research is qualitative in nature, thus, the secondary data collection methods have been applied. For the purpose of this research, the data has been collected through study of books, journal, reports of regulatory authorities and the government. In this regard, it has been ensured that the data collected is latest; therefore, the books, journals, and the reports of the regulatory authorities of the latest years have been referred for data collection (Lapan, Quartaroli, & Riemer, 2011). The data collection was organized in three categories such as reasons for adoption of sustainability accounting and reporting by the firms, impact on the firm’s value of sustainability reporting, and its impact on the overall economy (Lapan, Quartaroli, & Riemer, 2011). The data collected in regard to reasons for adoption of sustainability reporting practices relates to identification of the key drivers of sustainability. Further, the data collected in regard to impact on the firm’s value covers the profitability and net worth of the firm’s before and after the adoption of sustainability reporting. Further, in regard to evaluation of impact on the overall economy, the data relates to macro economic factors such as gross domestic product, standard of living, poverty levels, and reductions in the carbon emissions (Lapan, Quartaroli, & Riemer, 2011).     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The data collection process has been carried out ethically and in an effective manner so that all the required information could be gathered. There certain limitations of the secondary data, which are required to be made explicit so as to assist the readers in drawing conclusions (Ary et al., 2013). The secondary data is prone to the risk of inappropriateness and there exists lack of control on preparation of the secondary data. Thus, effectiveness of the research carried out based on the secondary data depends upon the accuracy of the data. Further, the ethical concerns in regard to the use of secondary have been adhered to carefully. Proper referencing and citations have been given in the report wherever considered necessary to give credit to the authors whose data is used (Ary et al., 2013).  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The research report presented here has main goal of finding out the impact of sustainability reporting on the economy of a country. In order to achieve this goal, it has been considered pertinent to find out the reasons for adoption of the sustainability reporting practices. The sustainability reporting provides value addition to the firm in various ways .There are countless parameters which can be used to assess the value added by sustainability reporting as shown in the figure given below: Figure 1: Value Added by Sustainability Reporting (EY, 2013) From the figure show above, it could be observed that there are various areas which are positively affected by adoption of sustainability reporting practices. It could be observed that more than 40% of the total surveyed companies consider that improved reputation is the major factor which drives the adoption of sustainability reporting practices (EY, 2013). The adoption of sustainability reporting practices enhances the confidence of investors and consumers which helps in building reputation in the market. Further, there were more than 35% companies which claimed that sustainability reporting is crucial in increasing the employee loyalty. Employee’s loyalty is very important for the firms to achieve the targets on time and succeed in the market. Further, few companies also found increase in the consumer loyalty due to adoption of the sustainability reporting (EY, 2013). Further, the sustainability reporting also helped the firms to make their strategies stronger in terms of long run business and refine their visions. Further, there were observed around 25% companies which claimed that achieving reduction in wastage of the natural resources was one of the primary reasons for promotion of sustainability reporting (EY, 2013). The other commonly accepted factors which laid the adoption of sustainability reporting were improved relationship with the regulatory bodies, reduced long term risk, enhanced long term profitability (EY, 2013). Due the above discussed factors, the sustainability reporting has been adopted by various firms world-wide. The following chart shows the growth in sustainability reporting adoption from to year 2000 to 2011: Figure 2: Growth in Sustainability Reporting (EY, 2013) From the chart presented above, it could be observed that there has been a complete transformation since the year 2008. The increase in the number of companies adopting sustainability reporting practices has been enormous from the year 2008 to 2011. Within a period of 3-4 years, the number of companies complying with the sustainability reporting guidelines (issued by GRI) has increased to a significant level (EY, 2013). Further, data has been collected and analyzed to find out the impact of sustainability reporting on the firm’s profitability and its value. The firms perceive that consuming resources optimally keeping the future needs in mind will help them build better tomorrow. Further, the reduction in cost and risk and increase in reputation and quality are expected to lead the firm on the path of high profitability in the long run. The implementation of the sustainability accounting and reporting practices increases the legal compliances and it also put additional burden on the firm in terms of new manpower. Further, the benefits of sustainability reporting accrue over the years in the long run. Therefore, in the short run, the impact on profitability of the firm employing sustainability reporting practices may be adverse, but it would be positive in the long run.  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The data analysis conducted NWOBU (2015) reveals that there exists a positive correlation between the profit after tax and sustainability reporting index. The profit after tax depicts profitability of the company while the score on sustainability index indicates the compliance level of the firm with sustainability reporting requirements. Thus, a positive correlation between profit after tax and sustainability index is the indicative of the fact that with the increased compliance of sustainability reporting, the firm’s experience increase in their profitability. The research of NWOBU (2015) reveals that correlation between profit after tax and the sustainability index is 0.281, which is low positive correlation. The correlation of 0.281 implies that increase in sustainability index would entail increase in the profit after tax, but the increase in profitability might at the low rate (NWOBU, 2015). Further, the correlation between shareholder’s fund and sustainability index was also analyzed. The correlation between these two factors was found to be 0.183, which can again be categorized as positive and low (NWOBU, 2015). Thus, the interpretation would remain as it was before in case of profit after tax. Therefore, the increase in sustainability index would entail increase in the shareholder’s fund. It is to be noted that the shareholder’s fund represents the value of a firm. Thus, it could be articulated that with the increase in sustainability index, the value of the firm increases. However, the increase might be at very slow rate (NWOBU, 2015). After analyzing the impact of sustainability reporting on the firm’s profitability and its value, it is essential to observe the changes in the macro economic factors due to adoption of sustainability reporting practices (Talberth, 2010). In this regard, it is considered crucial to analyze the gross domestic product, standards living of the people, and poverty level. It is argued that sustainable business practices may cause reduction in the overall gross domestic product of the country. The reduction in GDP may be caused due to reduction the production level caused by decrease in the consumption of the environmental resources. For example, if the mining companies decrease the exploration of minerals, the production level of commodities will go down affecting the gross domestic product adversely. However, due to recent shift in the economic and environmental conditions, the gross domestic product is no longer considered to be reliable measure of well being of an economy. The p erformance on sustainability indices is taking place of gross domestic product now a day (Talberth, 2010). Further, the improvement in the sustainability practices also implies contribution to the society at a large scale. The firms working in the economy make combined efforts to raise the living standard of the people. Further, with the rise in the living standard of the people, the poverty level automatically goes down. Therefore, it could be inferred that the improvements in the sustainability reporting enable the economy to stabilize and grow in a sustainable manner (Talberth, 2010).  Ã‚  Ã‚  Ã‚  Ã‚   The research carried out in this report addresses the crucial matter which relates to adoption of sustainability accounting and reporting practices by the firms operating in the economy. The aim of this research is to explore that whether the sustainability accounting and reporting is essential for the economy or not. In order to achieve the aim, the activities of the research are bounded by three objectives. The literature review has been carried out around these three objectives and the data analysis has also been conducted by keeping the three identified objectives in the centerfield. The articulation of the reviews of various authors reveals that promotion of sustainability accounting and reporting is really important for the well being of the overall economy (Daly, 2014). The authors state that there are various factors which make the firms to adopt the sustainability reporting. The improvement in the market reputation of the firm is one of the most crucial factors in that regard. The views of the authors reveal that firm’s reputation is improved to a great extent when it complies with the sustainability reporting guidelines. Further, the data analysis also supports this view of the authors. The analysis of data findings reveals that most of the companies consider the market reputation as one of the essential factor in adoption of the sustainability reporting practices (EY, 2013). Further, there have been identified few other factors as well such as customer loyalty, operational efficiency, and regulatory compliances. These factors also make the firm to comply with the sustainability accounting and reporting practices. In regard to the impact on firm’s financial performance, the authors state that the adoption of the sustainability reporting affects it positively in the long run. However, in the short run there may be adverse effect due to high compliance cost at the beginning. Further, the findings of the data analysis also support this view of the authors. The data analysis depicts that the sustainability reporting and the firm’s financial performance are positively correlated. This implies that the financial performance of the firms which comply with the sustainability reporting practices is found to be better than the firms not complying with it. Further, it has also been explored that the firm’s value (shareholder’s equity) is also affected positively by the adoption of sustainability reporting practices (EY, 2013). In regard to impact on the overall economy, the authors have stated that sustainability accounting and reporting is necessary to achieve economic development in a sustainable manner (Higgins, 2013). Further, the data gathered from the secondary sources also supports this view of the authors. The findings of the data analysis reveal that adoption of sustainability in the operations leads to contribution by the firms towards social and environmental causes. The firms contribute at the large scale to save the scarce environmental resources and to raise the living standard of the people. Further, the protection of the natural resources is very critical from the view point of sustainability.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The report presented here presents a research study on the sustainability accounting and reporting. The primary aim of the research is to explore the impact of sustainability accounting and reporting on the overall economy of a country. In this regard, it has been considered essential to find out the impact of sustainability reporting on a particular company and then on the overall economy. Based on the findings of the report, it can be concluded that the sustainability reporting is essential for the long term economic development. The articulations drawn from the literature review bring out the fact that sustainability reporting has become crucial for the firms to survive and thrive in the market. The recent developments in the areas of social and environmental sustainability are admirable. The regulators from all over the world are making collective efforts to make the business sustainable and futuristic. The survey report of EY discloses that there has been observed a significant increase in the number of firms adopting the sustainability reporting practices since the year 2008. From the findings of data analysis, it could be articulated that the increased awareness and the enduring advantages of sustainability is pushing the firms to opt for the best sustainability accounting and reporting practices. The major advantages of sustainability reporting have been identified as the improvements in the firm’s reputation, enhancement in the investor’s confidence, employee’s loyalty, and consumers trust. Further, the company is also able build a good rapport with the governmental regulatory authorities. However, there certain challenges which the firms have to while implementing the sustainability accounting and reporting practices. Among various such challenges, the high operating cost and administrative problems are the major ones. Though, there are challenges, but the benefits of sustainability accounting and reporting are enduring, therefore, the firms have to make effort to implement it. Further, it was observed that sustainability reporting is also essential to raise the standard of living of the society and the maintaining a proper balance between the present and future needs. From the findings of the research, it could be inferred that maintaining a proper balance is crucial for long term economic developments. The sustainability in operations not only improves the financial performance of the firm but it also enhances its value. Further, the overall economy is affected in a positive manner which is the center point of the sustainability accounting and reporting. Schaltegger, S., Bennett, M., & Burritt, R. 2006. Sustainability Accounting and Reporting. Springer Science & Business Media. Brockett, A. & Rezaee, Z. 2012. Corporate Sustainability: Integrating Performance and Reporting. John Wiley & Sons. Jesson, J. 2011. Doing Your Literature Review: Traditional and Systematic Techniques. London: SAGE. Soderstrom, N. 2013. Sustainability reporting: past, present, and trends for the future. Retrieved February 07, 2017, from https://www.insights.unimelb.edu.au/vol13/04_Soderstrom.html Zu, L. 2008. Corporate Social Responsibility, Corporate Restructuring and Firm's Performance: Empirical Evidence from Chinese Enterprises. Springer Science & Business Media. GRI. 2008. Global Reporting Initiative Sustainability Report. Retrieved February 07, 2017, from https://www.globalreporting.org/resourcelibrary/GRI-Sustainability-Report-2007-2008.pdf Gupta, A. & Mason, M. 2014. Transparency in Global Environmental Governance: Critical Perspectives. MIT Press. Daizy & Das, N. 2014. Sustainability reporting framework: comparative analysis of global reporting initiatives and Dow Jones sustainability index. International Journal of Science, Environment, 3(1), pp. 55-66. Faisal, F., Tower, G., & Rusmin, R. 2012. Legitimizing Corporate Sustainability Reporting Throughout the World. Australasian Accounting, Business and Finance Journal, 6(2), pp. 19-34. CPA. 2013. Sustainability Reporting: Practices, Performance, and Potential. Retrieved February 08, 2017, from https://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/sustainability/sustainability-reporting-practice-performance-potential.pdf OECD. 2008. OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Australia 2007. OECD Publishing. Vasile, J., Andrei, Nicolo, & Domenico. 2016. Sustainable Entrepreneurship and Investments in the Green Economy. IGI Global. Higgins, K.L. 2013. Economic growth and sustainability – are they mutually exclusive? Retrieved February 08, 2017, from https://www.elsevier.com/connect/economic-growth-and-sustainability-are-they-mutually-exclusive Daly, H.E. 2014. Beyond Growth: The Economics of Sustainable Development. Beacon Press. Olsen, W. 2011. Data collection: key debates and methods in social research. SAGE. Ary, D., Jacobs, L.C., Sorensen, C.K., and Walker, D. 2013. Introduction to research in education. Cengage Learning. Lapan, S.D., Quartaroli, M.T. &Riemer, F.J. 2011. Qualitative Research: An Introduction to Methods and Designs. John Wiley & Sons. NWOBU, O. 2015. The Relationship between Corporate Sustainability Reporting and Profitability and Shareholders Fund in Nigerian Banks. The Journal of Accounting and Management, 5(3). Talberth, J. 2010. Measuring What Matters: GDP, Ecosystems and the Environment. Retrieved February 08, 2017, from https://www.wri.org/blog/2010/04/measuring-what-matters-gdp-ecosystems-and-environment

Rembrandt - Dutch Painting in the Golden Age Essay

Rembrandt - Dutch Painting in the Golden Age - Essay Example The essay "Rembrandt - Dutch Painting in the Golden Age" discovers Rembrandt Harmenszoon van Rijn's art and Dutch Painting in the Golden Age. His specialty was in the area of portrait painting where he achieved widespread reputation. Another characteristic of Golden Age painting was a focus on realism, yet Rembrandt was renowned for the expressiveness and skill in which he seemed to capture the essence of the individual being painted. To more fully appreciate these characteristics, it is helpful to understand the changes that were taking place in the country at that time and to examine one of Rembrandt’s works such as â€Å"The Noble Slav† executed in 1632.Rembrandt was born into an unprecedented time of prosperity for his country. It was a time in which the Netherlands began to grow in economic scale thanks to a tremendous influx of wealthy merchants and tradesmen into Amsterdam following the fall of Antwerp in 1585. The city was powered by energy provided by windmills , the economy driven by the advent of sawmills and the Dutch people’s historic proficiency in maritime activities quickly enabled them to establish themselves as dominant figures in the contemporary world market. By Rembrandt’s birth in 1606, the Dutch East India Company had already emerged as the world’s first multinational corporation fully engaged in importing the exotic spices and other goods that were making the Netherlands a rich land. In keeping with such dramatic change, the old rules of social status based on birth.

Hispanic speaking mental health program at catholic charities of Research Paper

Hispanic speaking mental health program at catholic charities of fairfield - Research Paper Example The world of today is rather unique in that it has been torn apart by wars, racism, homelessness, unemployment and various types of financial and economic crises that are affecting and crippling millions of people every day. True to its motto ‘Faith in Action’ this organization has developed a number of housing schemes for the homeless which enables both the able bodied as well as physically and mentally challenged individuals to live and correlate with each other in peace and harmony, thereby enhancing the worth of the family unit. The housing schemes of the Catholic Charities of Fairfield are of various kinds from the Permanent Housing Diocese Program to the Scattered Site Housing Program to the Conger House and Thomas Merton Center Programs. The agency’s New Heights Program is directed towards the mentally challenged individuals in Bridgeport, CT and is dedicated towards making every individual achieve their maximum possible potential. It is a psycho-social pro gram that offers pre-vocational and vocational training, educational training, computer knowhow and support groups, with peer and telephonic support as well. In order to be a part of this program, one must be diagnosed with a mental illness, be receiving service from the Department of Mental Health and Addiction Services and be residing within one of the areas served. The issue at hand appears to be that these services need to be expanded as the population of Bridgeport is increasing. However the problem is that the majority of the new population that has entered Bridgeport in recent years appears to be Hispanic. It is not difficult to see this when recent US census estimates show that the Hispanics are the single largest ethnic majority in the USA today. These facts had come to light in the last two elections and Obama and Bush had both tried to win a large part of the Hispanic vote as it affected their overall results. Most likely the problem has existed for a number of months now and came to light of the administration when mentally challenged Hispanic individuals and their caretakers applied for assistance and admission to the New Heights program. A check up from the Mayor’s Office or even a local real estate agent would have given an indication of the changing trend of residencies in the county. The problem is that the Catholic Charities of Fairfield had not planned for this demographic trend and have not included diversity within their program makeup. The consequences are that the services and the staff are all English speaking Americans and there is no one to assist the Hispanic speaking population. As we have noted, the majority of the newcomers have been from South and Central America and therefore the present setup is at a loss as to how to accommodate for this change in demographics. As a result the Spanish speaking individuals cannot be served and are placed on waiting lists. But sooner or later, a solution will have to be found as the probl em is not going to go away. PROPOSED SOLUTIONS & THEIR IMPLEMENTATION Planning for change is a very important thing and should be practiced by individuals as well as organizations and their management staff. Even if the problem was not recognized in the past, it is not too late now and some swift and effective changes this agency can help accommodate the new Hispanic patients. The first thing would be to see if there is enough room and funds under the present programs. As Hispanics would also be attending

The Success of Gateway Computer :: GCSE Business Marketing Coursework

The Success of Gateway Computer Gateway 2000 was formed by Ted Waitt(CEO), in September 1985, in Sioux City, Iowa. The company was founded along with Senior Vice president Mike Hammond. In 1990, as the company began to blossom it was moved to its current location in North Sioux City, South Dakota. They formed Gateway 2000 with one goal in mind- to offer PC buyers a logical alternative to high markups, limited choices and inadequate support, common in the retail PC market (Gateway.com 1). These two partners started selling hardware and software to people who owned Texas Instrument computers. The placed ads in computer related publications, selling to the end user. These two guys were the pioneers of direct-marketing in the PC industry. Finally in 1987 Ted Waitt recognized the possibility of selling fully configured computers, at good prices. This idea gave Gateway a tremendous push forward into the computer industry. In 1987 the company reported revenues of 1.5 million dollars, later in 1989, it jumped to an astounding 70.6 million dollars. Finally, in 1996, they jumping into the billions with 5.04 billion dollars. In 1993, Gateway became a traded company in the NASDAQ market system under the symbol GATE. Making improvement along the way they moved to the New York Stock Exchange on May 22, 1997 and uses the symbol GTW. On June 16, 1997 the stock split. Gateway 2000 is a leading global marketer of personal computers. Although they are a leader in global marketing they have a problem with their laptop division. the laptop division holds one of the lowest market shares in the market. Toshiba the leader in market share holds 21.2 percent of the market, Compaq holding 15.7, IBM with 12.4, Dell with 6.1, Acer with 5.0, Packard Bell with 4.4, Fujitsu with 3.4, Hitachi with 3.3, Micron with 3.2, and finally Gateway with 2.8 percent. With Gateways new and improved marketing plan, they should increase to the top over the next five years. Gateway’s current target market is the home PC user. They put forth most of their energy trying to make the customer feel comfortable with its product. They also want the customer to feel as though they made the right decision buying from Gateway. This attitude will help Gateway in selling itself. They will not need to use extreme advertising because the word of mouth is the most powerful advertising tool.

Exercise Concept Check Essay

An equation is a number sentence that says that the expressions on either side of the equals sign represent the same number. An expression may be used to designate a value; these can be variables, operations, and or functions. Using algebraic expression, there is no equal sign, only operations. You can simplify an expression not solve it. Business – General Business Week 1 Ethics in Cost Control . (Exercise 1-9) Zoya Arbiser, regional manager of Gold Medal Sports Shops, is reviewing the results of 15 stores in her region. Store managers are moved annually. Each store manager’s income is very dependent on the direct contribution margin of that store. For the past year, Store 9 has been managed by a person who has operated several other profitable stores in recent years and is about to be promoted to a larger store. Zoya notices several items that bother her. Store 9 has almost no personnel training expenses relative to other stores. Store 9 has stopped participating in numerous community events that gave the store significant visibility but did incur substantial expenses. Store 6, where this store manager worked the prior year, has had a severe drop in profits due to higher operating expenses. The advertising budget was spent almost entirely in the first four months of the year, with almost nothing spent in the last several months. Discuss a possible negative managerial scenario that the regional manager may be sensing. Might the manager of Store 9 be an exceptional manager? What are the ethical implications of the scenario? What is the regional manager’s ethical responsibility in this scenario? Explain and support your position  with evidence from the text. Your initial post should be 200 to 250 words. Fixed and Variable Costs . (Chapter 1 Di†¦ For downloading more course tutorials visit – https://bitly.com/1xpwOBd Delay participating in student government until your second year in college. Freshmen views aren’t typically heavily valued by student government organizations. You can use your freshman year to learn about campus politics and discover what role you’d like to play in them. Business – General Business Week 1 Ethics in Cost Control . (Exercise 1-9) Zoya Arbiser, regional manager of Gold Medal Sports Shops, is reviewing the results of 15 stores in her region. Store managers are moved annually. Each store manager’s income is very dependent on the direct contribution margin of that store. For the past year, Store 9 has been managed by a person who has operated several other profitable stores in recent years and is about to be promoted to a larger store. Zoya notices several items that bother her. Store 9 has almost no personnel training expenses relative to other stores. Store 9 has stopped participating in numerous community events that gave the store significant visibility but did incur substantial expenses. Store 6, where this store manager worked the prior year, has had a severe drop in profits due to higher operating expenses. The advertising budget was spent almost entirely in the first four months of the year, with almost nothing spent in the last several months. Discuss a possible negative managerial scenario that the regional manager may be sensing. Might the manager of Store 9 be an exceptional manager? What  are the ethical implications of the scenario? What is the regional manager’s ethical responsibility in this scenario? Explain and support your position with evidence from the text. Your initial post should be 200 to 250 words. Fixed and Variable Costs . (Chapter 1 Discussion Question 9(a)) Controller, Judy Koch, in a recent speech said, â€Å"I rarely see a real variable cost or a truly fixed cost.† What did she mean? Include in your response an explanation of the difference in behavior of variable and fixed cost, including an example to illustrate your explanation. Your initial post should be 200 to 250 words.

Outline and Evaluate Postmodern Views on the Diversity of...

Outline and evaluate postmodern views on the diversity of family life† Postmodern sociologists support the view that family has become diverse in contemporary UK. They see that people have become fragmented and identities are more individualistic, meaning everyone is different and let them be. Family life is different for everyone. Stacey (1996) says that the family no longer progresses through a range of stages. Meaning everyone is diverse, and that there is no longer a dominant type of family. This is similar to the Rapoports view of stage in life cycle diversity. Which says family life is different for newly-married couples who do not have children than for those who do have children. The key to the postmodern view of†¦show more content†¦Some new right thinks regard these single parents as the ‘underclass’ seeing them as ‘work-shy’ and ‘benefit scroungers’. Also as them having short-term sexual relationships, and having children with men who do not see their offspring as their responsibility. All negative views of this type of family structure. Functionalists say the nuclear family is best, as the woman needs to be there, to provide the family with emotional gratification, and take care of the domestic labour, also the warm bath theory. Whereby, she runs the man a warm bath when he comes home from a stressful day at work, in order to make him relax with the family and wine down. And the man in the nuclear family, provides the economic support. Whilst new labour gives the impression they support differing family structures, it still gives negative views on most families that are not the nuclear family. They see teenage pregnancy, as a social problem, which is against diversity. As this is diverse in the way that, different people have different stages in life cycle. Where teenage pregnancies, are having children earlier than others. Duncan (2006) challenges the assumptions of New Labour that teenage pregnancy is a social problem. He says new labour have not dealt with wider structural aspects of social disadvantage. New labour is criticised for being contradictory. It acknowledges thatShow MoreRelatedPostmodern views on diversity of the family1070 Words   |  5 Pagesï » ¿Outline and Evaluate postmodern views on the diversity of family (33marks) The idea of family diversity suggests that there is no dominate type of family, therefore none can be considered as the norm. However there are studies to suggest that in historical periods of Britain like when it was industrializing there is dominating types, in this period it was considered to be the nuclear family. 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(by Healthy People 2010) It is an integral part of personal well-being, of both family and interpersonal relationships, and of contributions to community or society. How can nurses help families cope with the many conditions characterized by alterations in their thinking, mood, or behavior, resulting in distress and/or impaired functioning? Comes at different levels depending on theRead MoreSports17369 Words   |  70 Pagesas a supplement to Sportscasters/Sportscasting: Principles and Practices, this collection of exercises adds to the pedagogical mix. Following the outline of a broad approach to understanding the topic—which includes the history, economics, audience, media, sociology, practicality, and future concerns of sports and sportscasting, it has this general outline: Chapter l. Introduction to the study of sportscasters and sportscasting Chapter 2. The historical development of sports and sportscasting ChapterRead MoreSports17363 Words   |  70 Pagesas a supplement to Sportscasters/Sportscasting: Principles and Practices, this collection of exercises adds to the pedagogical mix. Following the outline of a broad approach to understanding the topic—which includes the history, economics, audience, media, sociology, practicality, and future concerns of sports and sportscasting, it has this genera l outline: Chapter l. Introduction to the study of sportscasters and sportscasting Chapter 2. The historical development of sports and sportscasting Chapter

The Atomic Bomb Of Hiroshima And Nagasaki - 1111 Words

Hiroshima â€Å"For those who were there and who survived to recall the moment when man first turned on himself the elemental forces of his own universe, the first instant was pure light; blinding intense heat ... if there was a sound no one heard it. The initial flash spawned a succession of calamities. First came the heat. It lasted only an instant but was so intense that it melted roof tiles, fused the quartz crystals in granite blocks ... and incinerated humans so thoroughly that nothing remained except their shadows, burnt into asphalt pavements ... bare skin was burned up to two and a half miles away.† That is the description of the atomic bomb. It was a horrible thing. The bombings of Hiroshima and Nagasaki were unnecessary and unjustified, because the war was basically over, the Russians were marching in anyways and it is an inhuman thing to do. On August 6th and August 9th 1945 the United States dropped two atomic bombs on the Japanese cities Hiroshima and Nagasaki. It was the only time in History that a country used an atomic bomb against another country. The attack was issued by President Truman, with the goal to finally end World War II. The first reason why the dropping of the atomic bomb was unnecessary was that the war was basically over. There were multiple reasons for that. At the beginning of the war Japan had the probably strongest Navy in the world. It outnumbered any other countries’ naval fleet. During the war they lost the majority of their ships,Show MoreRelatedAtomic Bombs On Hiroshima And Nagasaki844 Words   |  4 Pagesdropped atomic bombs over the Japanese cities of Hiroshima and Nagasaki killing nearly 200,000 people. This resulted in Japans surrender in World War II. J. Samuel Walker analyzes this historical event in his book Prompt and Utter Destruction: Truman and the Use of Atomic Bombs. Over the past 70 years’ extensive research has been conducted and there is an understanding that Truman’s decision to drop the atomic bombs is inconclusive. It is impossible to determine that the use of the bomb was the quickestRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki1302 Words   |  6 PagesAllies almost one week after being hit with two atomic bombs. On August 6, 1945 during World War II an American B-29 bomber dropped the world s first deployed atomic bomb over the Japanese city Hiroshima, wiping out 90 percent of the city and killing 80,000 people immediately. Three days later a second B-29 dropped another atomic bomb on the Japanese city Nagasaki, killing around 40,000 people. (The Bombing of Hiroshima and Nagasaki) The Hiroshima/Nagasaki bombings were necessary because it played aRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki884 Words   |  4 PagesFearful cries spread through the cities of Hiroshima and Nagasaki as the atomic bombs were dropped. Thousands of people were killed instantly, with the rest left critically injured. Eventually, it was measured that 135,000 people were killed as a result of these bombs. We know that many people were killed. But how and why were the atomic bombs created? Who decided to use them? These questions all con tribute to the fact that the atomic bombs impacted the world greatly. It all started when WorldRead MoreThe Atomic Bomb On Hiroshima And Nagasaki Essay1776 Words   |  8 PagesThe use of the atomic bomb on Hiroshima and Nagasaki at the end of World War II was a controversial decision that was made by President Truman. On August 6, 1945, President Truman decided to drop the atomic bomb on the Japanese city of Hiroshima and three days later a second atomic bomb on Nagasaki. It brought an end to the bloody war in the Pacific after 4 years. Making Japan surrender in the face of unimaginable force and significant destruction on Japan’s soil. Nevertheless, Truman’s decisionRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki1515 Words   |  7 PagesResearch Question: Was it necessary for President Truman to drop the atomic bomb in Japan? Was it necessary for Truman to drop the Atomic Bombs on Japan in World War II? On August 6, 1945, the first atomic bomb was dropped by a US aircraft on Hiroshima. This atomic bomb was dropped to force Japan into surrender, this bomb alone destroyed Hiroshima and over 90,000 people were instantly killed in the explosion and an additional 100,000 people perished from burns and radiation sickness. Japan refusedRead MoreThe Atomic Bombs On Hiroshima And Nagasaki1764 Words   |  8 Pagesmake the decision to drop the bombs on Hiroshima and Nagasaki however, President Truman was ultimately the man who made the final decision to launch ‘Little Boy’ and destroy Hiroshima, Nagasaki and their civilians, thus forcing an end to the war. Although there were many alternatives presented to President Truman, it is unknown as to whether they would have actually succeeded in ending the war or producing less casualties. Truman made the decision to drop these bombs in the heat of war but h is justificationRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki1364 Words   |  6 PagesOn the 6th of August 1945 America dropped the atomic bomb by the name of ‘Little Boy’ dropped by the plane ‘Enola Gay’ on the Japanese city, Hiroshima. Three days later on the 9th of August America dropped another bombed called, ‘Fat Man’ on the Japanese city of Nagasaki. A surrender was received and accepted by America on the 15th of August and the war against Japan had ended. Harry S. Truman, the man responsible for dropping the bombs claims it ended the war more efficiently and was in fact theRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki Essay1570 Words   |  7 PagesDespite the extreme devastation, the atomic bombings of Hiroshima and Nagasaki were necessary. The atomic bomb is a weapon unmatched in warfare, rapidly releasing nuclear energy by fission of atomic nuclei. Desperate times call for desperate measures, which is why America chose to unleash its most deadly weapon, the atomic bomb, on Japan. America, who had already fought in World War II for over four years, had no desire to perpetuate the war. When Japan refused to surrender, America was leftRead MoreAtomic Bombs On Hiroshima And Nagasaki1074 Words   |  5 PagesThere are many different ways in which WWII could have ended. Rather than taking the risk of dropping atomic bombs on Japan, many people believe that one of the alternative options would have been much more sensible. The variety of possible options the U.S. could have taken to finish the war have been analyzed for years. Though Truman’s decision to drop the atomic bombs over Hiroshima and Nagasaki is one of the most controversial and debated topics in history, this researcher believes that he madeRead MoreThe Atomic Bomb On Hiroshima And Nagasaki1998 Words   |  8 Pagesto drop the atomic bomb on Hiroshima and Nagasaki? Joon Jung 2/21/16 Word Count: 1848 Section A: Identification and Evaluation of Sources Research Question: Was it necessary for President Truman to drop the atomic bomb on Hiroshima and Nagasaki? Was it necessary for Truman to drop the Atomic Bombs on Japan in World War II? On August 6, 1945, the first atomic bomb was dropped by a US aircraft on Hiroshima. This atomic bomb was dropped to force Japan into surrender, this bomb alone destroyed