Introduction | Importance and Impacts | Guidelines | Evolution |
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What is sustainability reporting
Had it been implemented, this form of non-financial reporting might have pressured both Exxon and Union Carbide to improve safety and crisis plans
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What is sustainability reporting
This type of reporting is important for internal and external stakeholders
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What is the Body
In the metaphor comparing IT to IR, this is what IR is referred to as
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What is IFRS
This global accounting standard helped create guidelines for sustainability-related risk and opportunity
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What is Bhopal, India
This city had thousands die overnight due to a major gas leak in 1984
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What are consumers
These stakeholders are concerned about unethical working conditions, harmful ingredients, and recyclability of products
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What is the Earth Summit
This event occurred in 1992, in Rio De Janeiro
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What are stagnant or depressed economies
For what economic reason were many developing countries against implementing another layer of reporting
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What is Exxon’s stock price
After the Exxon Valdez disaster, this financial indicator dropped, making it harder for the company to raise capital
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What are financial institutions, shareholders, customers, supply chain members
These are the 4 primary stakeholders mentioned in Table 2.1: Sustainability reporting for decision making
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What is Step 1: Setting your boundaries
Under GRI, this step defines which parts of your business impact sustainability, including operations and any partners under your control
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What is economic, environmental, and social
GRI consists of these three universal standards
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What are environmental regulations
Following the Exxon Valdez spill, the oil industry faced an increase in this, imposed by governments to prevent future disasters
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What is 85%
This is the percentage of consumers who prioritize sustainability-focused practices
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What is the Public Environmental Reporting Initiative (PERI)
This was the first framework established for standardizing sustainability reports
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What is the Organization for Economic Co-operation and Development (OECD) Guidelines
This sustainability standard was introduced in the 1980s to help companies with performance reporting
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What is methyl isocyanate (MIC)
This highly toxic gas leaked in the 1984 Bhopal disaster, leading to thousands of deaths and permanent disabilities
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What is 9.7%
Consumers are willing to pay this percentage more for sustainable products
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What is the Sustainability Accounting Standards Board (SASB)
This organization is superseding GRI because it shares information that has a material financial impact on long-term development by disclosing industry-specific quantitative metrics
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What is the Brundtland report
This report, released in 1987, introduced the modern definition of "sustainable development"
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