Corporate social reporting involves the disclosure of an organization's performance in social, environmental, and ethical dimensions. It reflects a company's commitment to social responsibility and transparency to stakeholders.
Corporate Social Responsibility (CSR) is a business model in which companies integrate social and environmental concerns in their operations and interactions with stakeholders.
Ecology is the branch of environmental science that studies the interactions among organisms and their environment, aiming to maintain systemic natural balance where all living things can coexist in harmony.
Energy cost refers to the expenditure on all sources of energy required by an organization, including electricity, gas, solid fuels, oil, and steam. Managing energy costs effectively can significantly impact an organization's bottom line and sustainability goals.
Environmental Accounting (EA) is a subset of accounting that focuses on the efficient use, management, and reporting of resources used by businesses to reduce environmental impacts. EA includes identifying, measuring, and communicating the costs of a company's economic activities associated with the environment.
An environmental audit, also known as a green audit, assesses the impact of an organization's activities on the environment. Its goal is to ensure an organization’s operations comply with environmental policies, and recommendations for sustainability are regularly reviewed. Such audits can be internal or conducted by external consultants.
Comprehensive overview of the various categories of environmental costs and their implications for businesses in ensuring environmental stewardship.
A green audit, also known as an environmental audit, provides an assessment of an organization's environmental performance and practices to ensure sustainable operations and adherence to environmental regulations.
Integrated Reporting (IR) is a holistic approach to corporate reporting that combines financial and non-financial performance information to provide a comprehensive view of an organization’s ability to create sustained value over the short, medium, and long term.
A global alliance promoting integrated reporting to showcase how organizations create value over time, combining financial and non-financial performance metrics.
Nonrenewable natural resources are resources that cannot be replenished once they are exhausted. Examples include fossil fuels like oil, coal, and natural gas.
Recycling involves the reprocessing of used or abandoned materials to create new products, significantly reducing waste and conserving natural resources.
A renewable natural resource refers to a natural resource that can replenish itself over time and is therefore not used up irrevocably. Examples include solar energy, wind energy, and forest products.
Social responsibility involves ethical and societally moral behavior. Socially responsible conduct supports acceptable societal standards and laws.
An economic proposition asserting that wages cannot fall below the subsistence level for an extended period as such a level cannot sustain the labor force.
A sustainable business operates in a manner that minimizes its impact on the environment while ensuring that sufficient resources remain available for future generations. This involves adopting practices that promote environmental conservation and reduce ecological footprints.
