Corporate Sustainability: Integrating Performance and Reporting

Preface Acknowledgments Chapter 1 Introduction to business sustainability and accountability reporting Introduction The Case for Sustainability Current Status of Sustainability and Accountability Drivers of Sustainability Initiatives and Practices Best Practices of Sustainability Programs Principles of Business Sustainability Business Sustainability and Corporate Accountability Framework Key performance Indicators Emerging Issues in Sustainability Reporting Promotion of Sustainability Development, Performance and Disclosures Conclusion Endnotes Chapter 2 Brief History of Sustainability Reporting Historical Perspectives Recent Developments and Initiatives Status of Business Sustainability and Sustainability Reporting and Assurance Going Forward Conclusions Endnotes Chapter 3 Business Sustainability and Accountability Initiatives, Reporting and Assurance Multiple-Bottom-Line Dimensions of Business Sustainability Usefulness of Sustainability Information Sustainability Reporting Process Sustainability Reporting in Action Promotion of Sustainability Reporting Mandatory versus Voluntary Sustainability Reports Sustainability Assurance Continuum of Assurance on Sustainability Information Internal controls Relevant to Sustainability Performance Sustainability Risk Management Conclusion Endnotes Chapter 4 Sustainability, Corporations, Capital Markets and Global Economy Global Economy and Financial Crisis Capital Markets Role of Corporations in Society Sustainability Information Needs of Investors Corporate Reporting Recent Initiatives in Corporate Reporting Web-Based Corporate Reporting Predictive Business Analytics Narrative Reporting Governance, Risk Management and Compliance (GRC) Reporting Sustainability Reporting Conclusions Endnotes Chapter 5 Economic Vitality as Component of Sustainability Introduction Economic KPIs Public Trust and Investor Confidence in Public Financial Information INTERNAL CONTROL REPORTING Internal Control Reporting Requirements Benefits of Mandatory Internal Control Reporting Internal Control over Business and Operations (ICBO) Investment in Internal Control INTEGRATED FINANCIAL AND INTERNAL CONTROL REPORTING Conclusion Endnotes Chapter 6 Corporate Governance Dimension of Sustainability Corporate Governance Definition Drivers of Corporate Governance Global Convergence in Corporate Governance Sarbanes-Oxley Act of 2002 Dodd-Frank Act The United Kingdom's Financial Regulatory Framework Listing standards related to Corporate Governance Corporate Governance in the Post-crisis Corporate Governance Functions Board Committees Managerial function Compliance Function Internal Audit function Legal and financial advisory function External audit function Monitoring function Proxy Voting for Sustainability Corporate Governance KPIs Corporate governance Emerging Issues and Challenges 6.14 Corporate Governance Reporting and Assurance Conclusion ENDNOTES Chapter 7 The Social Dimension of Corporate sustainability Introduction Social Performance SOCIAL KPI's CORPORATE SOCIAL RESPONSIBILITY (CSR) International Organization for Standardization (ISO) 26000 Profit People Planet CSR Issues Globalization-related CSR Employee-related CSR Product and marketing-Related CSR Supply Chain-related CSR Stakeholder-related CSR CSR and Financial Performance CSR Performance Measurement CSR PROGRAMS COMPONENTS OF CSR CSR REPORTING Conclusion Endnotes Chapter 8 Ethical Dimension of Sustainability Business Ethics Ethics and Law Ethics KPIs Workplace Ethics Training and Ethics Education Corporate Culture Corporate Codes of Ethics Rules and Best Practices Financial Reporting Integrity Ethics Reporting Conclusion ENDNOTES Chapter 9 The Environmental dimension of Sustainability Performance -- Government Policy: Societal Forces and Environmental Management Introduction Emerging environmental issues Environmental Key Performance Indicators Environmental Protection Agency (EPA) Climate Risk Disclosure Global Environmental Initiatives and Regulations Kyoto Protocol The Kyoto mechanisms Monitoring emission targets European Union Emissions trading system (EU -- ETS) Carbon Reduction Commitment (CRC) California Assembly Bill 32 Copenhagen Accord 2009 Montreal Protocol The United Nations The World Bank Carbon Finance Unit's (CFU) Societal actors influencing corporate environmental behavior World Wildlife Fund (WWF) UN Global Compact Clean Air Initiative International Council for Local Environmental Initiatives (ICLEI) Coalition for Environmentally Responsible Economies (CERES) Interfaith Center on Corporate Responsibility (ICCR) Investor Network on Climate Risk (INCR) International Organ ization for Standardization (ISO) ISO 50001 Environmental management systems Environmental reporting Environmental Assurance and Auditing Conclusion Endnotes Chapter 10 Business Sustainability in Action, Global Initiatives and Emerging Issues Introduction Global Initiatives on Business Sustainability United Nations Global Compact (UNGC) Organization for Economic Co-operation and Development Coalition for Environmentally Responsible Economies (Ceres) Social Accountability International (SAI) American Society for Quality Global Reporting Initiative (GRI) The International Integrated Reporting Committee (IIRC) Relevance of ISO Standards to Business Sustainability ISO 9000 ISO 14000 ISO 26000 ISO 31000 ISO 50001 Macro Sustainability Issues GHG reporting trends Water Management Sustainability KPIs Business Sustainability in Action Emerging Issues in Sustainability Conclusion Endnotes Chapter 11 Future of Business Sustainability, Sustainability Reporting and Assurance Introduction The Emergence of Business Sustainability Sustainability Reporting Importance of sustainability reporting Guideline on Sustainability Reporting Materiality and Sustainability Reporting Role of Gatekeepers in Sustainability Reporting The use of XBRL in Sustainability Reporting Mandatory Sustainability Reporting Sustainability Reporting in Action Sustainability Assurance Sustainability Assurance Guidance Reasonable Versus Limited Assurance Engagements Attestation and Direct Engagements Content and Format of Sustainability Assurance Reports Sustainability Risk Assessment Sustainability Assurance and Internal Control Emerging Trend in Sustainability Reporting Sustainability Assurance in Action Sustainability Database Conclusion Endnotes About the Authors Index