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The importance of sustainability and corporate responsibility continue to gain recognition; indeed, organizations that embrace sustainability can enhance their reputation with stakeholders and their value. The intersection of business and sustainability has three key dimensions: economic viability, social well-being, and environmental responsibility. Accountants work in this area to help embed sustainability factors into an organization’s strategy and decision-making processes to achieve sustainable value creation. Read More
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This article comprises the key findings from a recent McKinsey survey on the topic of sustainability which asked respondents about the actions their companies are taking to address environmental, social, or governance issues, the practices they use to manage sustainability, and the value at stake.
Natural capital depletion will become one of the most prominent business concerns in the 21st Century. And yet it is one issue that remains an ‘elephant in the boardroom’ - absent from most corporate accounts and business models and largely ignored by investors as boardrooms continue to focus on short-term pressures. This report from CIMA, EY, the International Federation of Accountants (IFAC) and the Natural Capital Coalition, calls for finance professionals to take action.
Demystifying Sustainability Risk: Integrating the Triple Bottom Line into an Enterprise Risk Management Program
May 1, 2013 - Committee of Sponsoring Organizations of the Treadway Commission (COSO), EY
Leverages COSO’s Enterprise Risk Management—Integrated Framework to offer insight on how organizations can develop interrelated strategies and objectives across the enterprise that create a strong context for risk consideration.
April 16, 2015 - New York Times
April 15, 2015 - Washington Post
April 10, 2015 - Institute of Chartered Accountants of Scotland
April 7, 2015 - World Bank
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