“The primary goal of accounting for sustainability is to help mitigate the impact of businesses on the natural environment”. How would you respond to this statement? Make use of examples in your explanation. Please answer this question with minimum 150 words
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“The primary goal of accounting for sustainability is to help mitigate the impact of businesses on the natural environment”. How would you respond to this statement? Make use of examples in your explanation.
Please answer this question with minimum 150 words
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- In the Stanford Journal of law, Business,& Finance explain how environmental, sustainability, and governance considerations are important in compensation for hiring a new CEO? how could we label them using this chart? What other action should we take to implement this plan of action from the chart? Metric Name Description Goals MeasurementActing and Reporting on Sustainability Sustainability and the environment are topics of increasing importance in business and society today. Locate an article that profiles an organization from one of the sectors we have studied in this course (governments, not-for-profit organizations, and colleges or universities) and how that organization is addressing and reporting their activities related to sustainability. What can you learn about the organization’s commitment to sustainability from their financial statements and reporting? (Note: This may require more research than just one article.) Compare your findings to those of your classmates. What conclusions can you draw from the information shared?Which of the following statements is not true? Sustainability is defined as meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. GRI standards are targeted at investors and lenders. O Corporate Social Responsibility (CSR) is the set of steps that firms take to bear responsibility for their impact on the environment and social well-being. SASB's mission is to help businesses around the world identify, manage and report on the sustainability topics that matter most to their investors.
- There are several organizations making standards for companies to follow when making Sustainability Reports. From the list below choose the two (2) organizations that make rules for preparing Sustainability Reports. O FASB O SASB GRI O AACSBSustainability reporting can incorporate which of the following? environmental reporting social reporting business viability reporting I don’t really care I just want a good grade All of the above (excluding “I don’t care…”)Environmental Accounting Question 1. Explain Environmental Conservation Cost and Environmental Conservation Benefit and give five difference between them. 2. Explain sustainability development with examples.
- Identify four different stakeholders in need of sustainability information and fully explain how their actions might affect a business. NOTE: You are to number the four stakeholders and separate them by paragraphs. NOTE- The minimum of 50-100 words is per paragraph.Sustainability reporting can incorporate which of the following? A. environmental reporting B. social reporting C. business viability reporting D. all of the aboveIdentify four different stakeholders In need of sustainability information and show how their actions might affect a business.
- Which of the following statements aligns with legitimacy theory? Companies will voluntarily disclose their sustainability practices in the annual report. Companies will engage in sustainability practices because it is an expectation of society. Companies will engage in sustainability practices because they believe they must protect more than just the company's assets. Companies will engage in sustainability practices because they believe their responsibility extends beyond shareholders. Companies will engage in sustainability practices because they believe the benefits will outweigh the costs.Question 1: How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context? Question 2: Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model. Question 3: Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts. How do these concepts affect the way accountability relationships are formed and the concept of stakeholders? Question 4: Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss. How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others? Question 5: Discuss the critical role of external accounting in enhancing accountability relationships. How can these external accounts highlight the social…Give an example of a green financial product. Explain this product and compare it with the standard financial products of this category. Comment accordingly.