Sustainability Accounting

and Environmental Issues

By:
Fellicia (118210891)
Contents

01 02
Public Health Environmental
Preservation

03 04
Corporate
Rules and Ethics for Cooperation with
the Use of Hazardous NGOs
Materials
Public Health
Health is a global agenda and all human beings are in search of better health
status, thus demanding huge amount of technical and financial focus. Global
health issues are rapidly increasing and being more and more complicated. On the
other hand, global funding to act meticulously on these health issues to reach up to
the bottom of the society is limited. Also, limited are other resources like
manpower and technologies which can be fulfilled by a strong partner like
corporate society.
Either for a health related or non-health related corporate sector, examples of some
scopes/opportunities for performing CSR in health are:

1. Health promotion activities 4. Allocation and distribution of resources

2. Research and innovation 5. Support in policy implementation

3. Health protection through 6. Financial or work effort donation to

manufacturing different health health-related charities

 Environmental
Preservation
In an effort to conserve the environment, the science of
accounting plays a role through voluntary disclosure in
financial reports related to environmental costs. An
accounting system in which there are accounts related
to environmental costs is called green accounting or
environmental accounting.
 The consequence of this discourse on social and environmental accounting
in the end raises the concept of Socio-Economic Environmental Accounting
(SEEC) which is actually a brief explanation of the Triple Bottom Line,
namely accounting reporting to the public includes not only economic
performance but also environmental and social performance.
 Green accounting is one of the contemporary concepts in
accounting that support the green movement in the company
or organization by recognizing, quantifying, measuring and
disclosing the contribution of the environment to the business
process.
Rules and Ethics for the Use of
Hazardous Materials
A client’s/investee’s operations
may involve the production, A client's/investee's operations may
handling, storage and use of large require the use of materials that are
quantities of hazardous materials. hazardous. Hazardous materials are
materials that represent a risk to human
health, property, or the environment
This can result in uncontrolled due to their physical or chemical
releases of hazardous materials or characteristics.
accidents if the necessary measures
to prevent accidents.
Rules and Ethics for the Use of Hazardous
Materials

01 02
Non-hazardous Release prevention and
substitutes control planning
Typically, prevention and
control measures of hazardous
materials include:
03 04
Hazard communication Hazardous materials
and training programs transfer
Rules and Ethics for the Use of
Hazardous Materials
Overfill Secondary Pesticide
protection containment use.

05 06 07 08 09

Reaction, Undergroun
fire, and d Storage
explosion Tanks
prevention (USTs)
 Corporate Cooperation with NGOs
The commitment of partners in corporate-NGO partnerships
can vary. Such collaboration evolves over time, depending on
a firm’s stage of CSR and the firm’s motives. At the
philanthropic stage, firms may consider NGOs to be recipients
for charitable activities; thus, the interaction between parties
may be fairly minimal.

In practice, a MNC has several options for driving a sustainability program,

depending on the level of the CSR process at which the NGO intervenes and the
level of the partners’ involvement. The relationship between an NGO and a firm
may be limited to a communication campaign, which can be viewed as a co-
branding operation or NGO may act as a monitoring agency to control the code of
conduct implemented by a firm.
Corporate Cooperation with
NGOs
Corporations form partnerships with NGOs because
NGOs promote societal actions, provide technical
assistance, elaborate certification schemes, promote and
design CSR standards as well as management and
reporting processes, and participate in CSR monitoring
and auditing. The choice of an NGO partner is a crucial
step for a corporation.
 Thanks!

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