Introduction Importance and Impacts Guidelines Evolution
100
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
100
What is sustainability reporting
This type of reporting is important for internal and external stakeholders
100
What is the Body
In the metaphor comparing IT to IR, this is what IR is referred to as
100
What is IFRS
This global accounting standard helped create guidelines for sustainability-related risk and opportunity
200
What is Bhopal, India
This city had thousands die overnight due to a major gas leak in 1984
200
What are consumers
These stakeholders are concerned about unethical working conditions, harmful ingredients, and recyclability of products
200
What is the Earth Summit
This event occurred in 1992, in Rio De Janeiro
200
What are stagnant or depressed economies
For what economic reason were many developing countries against implementing another layer of reporting
300
What is Exxon’s stock price
After the Exxon Valdez disaster, this financial indicator dropped, making it harder for the company to raise capital
300
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
300
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
300
What is economic, environmental, and social
GRI consists of these three universal standards
400
What are environmental regulations
Following the Exxon Valdez spill, the oil industry faced an increase in this, imposed by governments to prevent future disasters
400
What is 85%
This is the percentage of consumers who prioritize sustainability-focused practices
400
What is the Public Environmental Reporting Initiative (PERI)
This was the first framework established for standardizing sustainability reports
400
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
500
What is methyl isocyanate (MIC)
This highly toxic gas leaked in the 1984 Bhopal disaster, leading to thousands of deaths and permanent disabilities
500
What is 9.7%
Consumers are willing to pay this percentage more for sustainable products
500
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
500
What is the Brundtland report
This report, released in 1987, introduced the modern definition of "sustainable development"






BUS322 Seminar 2

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