3.26 May%2027%20Sustainability

3.26 May%2027%20Sustainability - Sustainability Management...

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1 Sustainability Management Accounting Reading: Eldenburg et al. (2008) Chapter 16
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2 Key Questions Why is sustainability important? What motivates consumers, investors and companies to act socially (ir-)responsibly? What is sustainability management? What is sustainability accounting? How can management accounting systems be used to measure and monitor an organisation’s impact on society and the environmental?
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3 Growth
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4 Overpopulation
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5 Overconsumption
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6 Anthropogenic Climate Change
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7 Extinction
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8 Exploitation
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9 Sustainability Key goals relating to sustainability are: Environmental sustainability Human activities should not diminish the life-supporting capacity of the Earth Humans should recognise and live within the Earth’s environmental resource limits Achieve social justice Within society, individuals and groups should be treated fairly and have equal opportunities Foster economic and social progress Within society, individuals and groups should strive to improve the quality of life of all people
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10 Sustainable Development (Sadler, 1988) Ecological Goals Social Goals Economic Goals Community economics Sustainable development Ecology economy integration Conservation with equity
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11 Who is responsible for the environment? For-profit Producers Consumers Investors Governments Supply Demand Capital Returns Not-for-profit Producers Donations Services Taxes & Lobbying
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12 Consumer Social Responsibility Consumer social responsibility is concerned with consumer ethics and (buying) behaviour. “…doing the right thing may mean paying more, expending more time and effort to find the “right” product, or doing without a popular brand.” (Devinney et al., 2007, p.8) Unethical consumption behaviour Consumers (1) may be ignorant of the impact on society and the environment of their consumption behaviour; or (2) may justify their unethical acts “in order to continue to think of themselves as good people” (Devinney et al., 2007, p.8) Common justifications of unethical consumption behaviour Economic rationalisation: Prices, not ethics matter Governmental: If it is not illegal then it is acceptable Developmental: It is necessary for economic progress
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13 Investor Social Responsibility According to the Social Investment Forum, socially responsible investing is a “process that considers the social and environmental consequences of investments, both positive and negative, within the context of rigorous financial analysis.” Markets for socially responsible investment (SRI) Australian SAM Sustainability Index Dow Jones global responsibility index FTSE4Good index SRI funds: Selection criteria Negative screening: No alcohol, tobacco, weapons, etc Positive screening: Good performance on the environment, employment diversity, human rights, etc See Hawken (2004) for criticisms of SRI funds
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This note was uploaded on 12/23/2009 for the course BCOM ACIS 222 taught by Professor Neilcrombie during the Spring '09 term at Canterbury.

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3.26 May%2027%20Sustainability - Sustainability Management...

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