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Sustainability Assessment: The Way Ahead for Corporate Reporting

Sustainability Assessment: The Way Ahead for Corporate Reporting. Single Line Financial Reporting provides information to : Shareholders Potential Investors Boards of Directors (governance) Management Financial Institutions Suppliers Taxation Authorities Etc.

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Sustainability Assessment: The Way Ahead for Corporate Reporting

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  1. Sustainability Assessment: The Way Ahead for Corporate Reporting

  2. Single Line Financial Reporting provides information to: • Shareholders • Potential Investors • Boards of Directors (governance) • Management • Financial Institutions • Suppliers • Taxation Authorities • Etc

  3. TBL report prepared using GRI Guidelines will demonstrate a company’s commitment to: • Sustainable Development • All its Stakeholders • Open and transparent communication • Measure and report on its progress to sustainability As well as its appreciation of its short term risks and its interfaces with the environment and the community at large

  4. “Sustainability is measured as the probability of activities being able to continue without damage to the environment or society and ensuring ongoing economic feasibility. The probability is determined by evaluating the risk of damage to the environment and society over time with full sustainability being considered to be achieved when there is <5% risk of damage over 1000 years”

  5. Steps in Sustainability Assessment • Scoping • Sustainability Limitations • Inventory • Impact and risk analysis • Assessment of sustainability • Mitigation measures • On going refinement and development

  6. Dow Jones Sustainability Index • Ethical Investors • Assessment • On going auditing • Performance • Limitations • Risk assessment is Tactical rather than Strategic

  7. Benefits of Managing Sustainability Issues • Better risk management • Cost savings • Better management of intangible assets • Extended corporate governance • Performance culture • Continual improvement through innovation • Recognition and management of key stakeholders

  8. Sustainability Assessments’ Benefits • Future risks identified and quantified • Mitigation of risks more accurately determined • Strategic plans developed with more complete knowledge • Future Proofed • Understanding of sustainability issues for its future • Knowledge will generate opportunities • Leadership in corporate sustainability = intangible assets increase

  9. Sustainability Assessment will Future Proof by: • Ensuring access to finance • Ensuring innovation is embedded in the company • Having a future oriented information system for planning and policy development • Ensuring the maximum return on its • Economic Capital • Social Capital • Natural capital

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