MIDTERM IN GGSR Flashcards
the policies and principles followed by an organization in order to maximize shareholders’ wealth and to attain the set objectives formed in adherence to regulatory framework of the country.
concerned with holding the balance between economic and social goals and between individual and communal goals.
Corporate governance
one of the strength of the business for creation of intangibles like trust, reputation, brand image, tax advantage and for manifestations in balance sheets
concerned with treating the stakeholders of the firm ethically or in a socially responsible manner. Stakeholders exist both within a firm and outside.
Corporate Social Responsibility
refers to a company’s commitment to ethical practices that benefits society and the environment while maintaining profitability.
Corporate Social Responsibility
Concept of Triple-Bottom-Line Accounting by
Robert J. Rubinstein
what is the Concept of Triple-Bottom-Line Accounting
Socially , Environmentally, Economically
3 Socially
S. Bearable
S. Sustainable
S. Equitable
The society is capable of accepting
Socially Bearable
The society can maintain and support
Socially Sustainable
The society is fair and impartial
Socially Equitable
3 Environmentally
En. Bearable
En. Sustainable
En. Viable
Can accept by the environment
Environmentally Bearable
Can maintain and support by the environment
Environmentally Sustainable
Feasible, workable, applicable, usable and practical for the environment
Environmentally . Viable
3 Economically
Ec. Equitable
Ec. Sustainable
Ec. Viable
Fair and impartial to economy
Economically Equitable
Can maintain and support by the economy
Economically Sustainable-
Feasible, workable, applicable, usable and practical for the economy
Economically Viable
Refers to the three central factors in measuring thesustainabilityand societal impact of aninvestmentin a company orbusiness.
Environmental, Social, and Corporate Governance(ESG)
Feasible, workable, applicable, usable and practical for the economy
Economically Viable
refer to the challenges posed by human activities that negatively impact the planet. These issues are central to sustainability efforts and ESG (Environmental, Social, and
Governance) policies
Environmental concerns
Environmental concerns:
0.sustainability
1. Climate Change
2. Pollution
3. Deforestation
4. Loss of Biodiversity
5. Water Scarcity
6. Waste Management & Plastic Pollution
7. Ocean Acidification
8. Renewable Energy vs. Fossil
Fuels
refer to issues that affect
societies, communities, and
individuals, often related to
human rights, equality, and wellbeing.
Social
concerns
Social
concerns:
-Diversity
-Human rights
-Consumer protection
-Animal welfare
- Human Rights Violations
- Inequality and Discrimination
- Poverty and Economic Inequality
- Health and Well-being
- Education and Literacy
- Workplace Issues and Labor Rights
- Community Development and Social Infrastructure
- Ethical Business Practices
- Misinformation and Media Influence
- Social Stability and Political Conflicts
area of investigation into the rights and responsibilities of the management of a company—its board, shareholders and the various stakeholders in that company.
Corporate governance concerns