Chapter 4 Flashcards
This is the most important and commonly accepted dimension of sustainability
Economic Performance
What is the primary goal of Economic Performance?
To create shareholder value
This disclosure topic related to how the company directly increases the pool of economic resources that flows in the local and national economy.
Economic
What are the three branches under Economic disclosure topic?
Economic Performance, Procurement practices/activities, and Anti-corruption
Enumerate the Sustainability Reporting Principles (7)
Materiality, Stakeholder inclusiveness, Balance, Completeness, Reliability, Accuracy, Consistency and Comparability
Enumerate the objectives of Sustainability Reporting Framework/Guidelines
(5)
What is the penalty called with non-compliance with attachment of sustainability reporting on the annual reports?
“Incomplete Annual Report” under SEC Memorandum Circular no. 6, series of 2005
The guidelines shall be adopted on a ________________ approach for the first three years upon implementation.
“Comply or Explain”
It refers to the effect an organization has on the economic, environmental and society
Impact
It refers to entities or individual that can be reasonably be expected to be significantly affected by the reporting organization’s activities
Stakeholders
This relates to how the company manages the natural resources it needs for the business, as well as how it minimizes the negative impacts to the environment, including biodiversity.
Environmental Discloures
It includes disclosures on issues related to human rights, access to and quality of products and services, responsible business practices in marketing, customer privacy, and data security
Social Disclosure
Other term for social disclosure?
Social Performance or Social Bottom Line
It is otherwise known as Global goals
Sustainable Development Goals
It refers to the set of activities within a universal agreement to end poverty, protect all that makes the planet habitual, and ensure that all people enjoy peace and prosperity, now and in the future
Sustainable Development Goals
