Script

History

Sustainability reporting is part of a long history of investors' investment strategies

that include an assessment of both nonfinancial and financial performance. Socially
responsible investing is an example of non-financial information being used to
determine the desirability of particular investments.

As a protest against the Vietnam War in the 1960s, many investors rejected funding weapons-
manufacturing !rms. In addition to rejecting pro!ts from weapons, many people sought to avoid
companies that produced or promoted physically or psychologically harmful products and
services such as tobacco, alcohol, and gambling
Sustainable Development

The definition of sustainable development most frequently used focuses on

must think about how we live today and what that means for the future. It arrives from the
final report by the United Nations World Commission on Environment and Development
Conditions. In this report, Our Common Future, the commission coined the following definition:
“Sustainable development is development that meets the needs of the present without
compromising the ability of future generations to meet their own needs.”

Damage to the environment has been documented by scientists worldwide.

for more than 20 years. to evaluate the scientific! Using a methodical approach, the World
Meteorological Organization and the United
Nations Environmental Programme created the Intergovernmental Panel
on Climate Change (IPCC), whose mandate was to serve as an impartial source
a wealth of knowledge regarding climate change. "The IPCC is a scientific organization, and Its
reports are supported by data from the scientific community.
All relevant professionals from all over the world provide their insights.
experts and governments analyze and approve the committee's recommendations in
various reports, strengthening the reliability of its conclusions.
"Warming of the climate system is unequivocal, " the committee's report said.
as is already obvious from studies showing rises in

A decrease in freshwater availability will impact agriculture, both human and industrial
demands. freshwater degradation and depletion of supplies have significant effects on
enterprises today and the future.

Underdeveloped and developed

"Both the developing and underdeveloped world have suffered"

Humans' impact on the environment and overuse of resources
has happened at all economic levels.

In underdeveloped nations around the world, people living in poverty are utilizing Earth's
resources in ways that are
Trees are taken down for cooking fuel but not replaced in unsustainable ways.
Thin topsoil has been revealed due to the deforestation of rain forests for agricultural purposes.
Once erosion happens, the land cannot be used for raising food or other crops.
This is a definitive case for regrowing the rainforest because many hundreds of acres of it have
vanished, along with the species they sustained.
human loss because plants provide the majority of the world's medicines
in the rainforests of the world.

In developed countries, technology that has improved living standards comes at a cost to the
environment. Utilizing fossil fuels to
The air, water, and environment have suffered greatly as a result of energy supply to
manufacturers.Burning coal emits more than just carbon dioxide (CO2) into the atmosphere.
But other harmful chemicals like mercury. mercury that spills out of Coal ash from burning spills
onto rivers and the environment. These rivers have fish. have gotten sick and are no longer fit
for ingestion. The direct or indirect dumping of industrial waste into streams
aquatic ecosystems have been impacted by pollution from agricultural chemicals, freshwater
streams, and lakes, as well as from the atmosphere, seas, and other bodies of water.
When local water is tainted, the cost of fresh water is significantly decreased. When nearby
water is tainted, the price of The cost of obtaining clean water from further out increases. local
neighborhoods.

Corporate Sustainability

thee definitions of corporate sustainability have in common the long-term focus on an

organization’s environmental, economic, and social impacts. Another key aspect is the
interactive effect of environmental, economical, and social dimensions. Companies’ actions
affect a wide range of individuals, groups, and countries. Because the impacts affect everyday
life for people around the world, long-term corporate sustainability is important to the
sustainability of the world economy and society.

Who cares?
A stakeholder is anyone that is affected by a company’s economic, social and environmental
activities. Typical illustrations of stakeholders
are workers, creditors, shareholders, buyers, suppliers, governments, and
communities. The interaction between stakeholders and businesses
be one that benefits both parties. Businesses rely on their stakeholders.
stakeholders depend on the companies for something in order for them to succeed.
return. Although the relationships between the various stakeholder groups vary
Their mutually beneficial partnership is the company's motivating factor.
to ensure longevity.
Individuals, nations, and businesses are responding to the warning signs that human activities
are depleting and damaging many vital natural resources that support human life. "ere is
increased demand for all organizations to be more transparent in how they treat the
environment, how they govern themselves, how they treat their employees, and how they treat
their communities.

A company’s impacts on stakeholders can be positive or negative.

Corporate sustainability has 3 key areas which are Environmental Economic and Social.

the economic dimension of sustainability is how stakeholders are affected in a material,

financial way

the environmental dimension of sustainability is the third component of sustainability.

Stakeholders that are affected by the environmental impacts of a company include consumers,
suppliers, neighbors, and government agencies.

the social dimension of sustainability is about companies’ social impacts on employees and
communities. Workers are at the core of an organization, and how it treats its workers with
regard to compensation, safety, and training has direct effects on their well-being

Sustainability accounting and reporting

Sustainability accounting refers to information management and accounting methods that are
designed to make and provide high-quality information to assist an organization in becoming
sustainable.34 Sustainability accounting systems provide mangers with relevant information to
strive toward sustainable development. Sustainability reporting provides users with economic,
social and environmental impacts to help manage change toward sustainable development

Sustainability accounting information is useful for both external and internal users. For external
users, sustainability reports provide a more transparent view of a company’s environmental,
economic, and social impacts

The reporting of an environmental impact includes

tangible effects of an organization on the land, water, and air. The evaluation of consequences
for a manufacturing company should consider all
the life cycle of the product, from conception to disposal. In the
decisions made throughout the product development stage regarding the selection of
raw materials and manufacturing procedures can cut costs and lower a company's
environmental risk

When it comes to sustainability reporting's social component, an organization

reports the effects on its personnel (human rights and labor practices),
The wider public (community duty), consumers (product responsibility), and
contributions)

In the economic dimension of sustainability reporting, an organization reports its material

financial impacts on communities, employees,
Those immediately impacted by its operations include governments, nonprofits, and others.