sustainability Flashcards
(22 cards)
What does sustainability refer to in an organization?
Actions to minimise the impact on limited resources while pursuing strategic initiatives.
Sustainability ensures that humanity can meet present needs without compromising future generations’ ability to meet theirs.
What are the 3Ps of sustainability?
People, Profit, Planet
These elements represent the social, economic, and environmental dimensions of sustainability.
What is corporate social responsibility (CSR)?
Obligation of organizations to act ethically, contribute to sustainable development, and benefit stakeholders.
CSR emphasizes the importance of ethical behavior and sustainability in business practices.
Name one notable framework for sustainability reporting.
GRI Sustainability Reporting Standards
Other frameworks include Integrated Reporting <IR> and IFRS S1 Requirements.</IR>
What is the purpose of IFRS S1?
Provide information on sustainability-related risks and opportunities that impact cash flow, access to finance, and cost of capital.
Effective for annual reports starting on or after 1 Jan 2024.
What are the fundamental qualitative characteristics of reporting?
Relevant
faithful presentation.
These characteristics ensure the usefulness of sustainability reports.
List the enhancing qualitative characteristics of sustainability reporting.
- Comparable
- Verifiable
- Timeliness
- Understandable
These characteristics improve the quality of the information presented.
What does IFRS S2 focus on?
Climate-related risks and opportunities affecting financial performance.
Effective for annual reports starting on or after 1 Jan 2024.
What are the core content areas of IFRS S1?
- Governance
- Strategy
- Risk Management
- Metrics and Targets
These areas provide a comprehensive framework for sustainability disclosures.
True or False: Sustainability ensures transparent performance measurement and accountability through standardized reporting.
True
This is crucial for maintaining stakeholder trust and compliance.
What is the role of sustainability in organizational strategy?
Guides organizations to balance ecological, economic, and social goals for long-term success.
This balance is essential for sustainable growth.
What are the physical and transition climate risks?
Types of climate-related risks affecting organizations.
Physical risks relate to direct impacts of climate change, while transition risks pertain to changes in policy and technology.
What is the role of sustainability in * Financial Management?
Sustainability influences investment and financing decisions by promoting responsible and impact-driven capital allocation.
What is the role of sustainability in * Risk Management?
Sustainability integrates environmental and social risks into overall risk assessment and mitigation processes
What is the role of sustainability in * Sustainability Monitoring and Reporting?
Sustainability ensures transparent performance measurement and accountability through standardized reporting and assurance.
5Ps sdg
People: SDGs focused on human well-being.
Planet: SDGs focused on environmental sustainability.
Prosperity: SDGs focused on economic well-being.
Peace: SDG focused on peace and justice.
Partnership: SDG focused on collaboration
sdg1-6:people
- No Poverty:
- Zero Hunger:
- Good Health and Well-being:
- Quality Education:
- Gender Equality:
- Clean Water and Sanitation:
sdg7,12-15 planet
- Affordable and Clean Energy:
- Responsible Consumption
- Climate Action:
- Life Below Water:
- Life on Land:
sdg 8-11 prosperity
sdg 16 peace
Peace, Justice, and Strong Institutions:
sdg 17 partnership
Partnerships for the Goals
