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panel presentation

    Susan K Wolcott
    Sustainability Issues: Best Practices for Accounting Courses...
    panel presentation posted August 3, 2010 by Susan K Wolcott, last edited April 7, 2012 
    955 Views, 5 Comments
    title:
    Sustainability Issues: Best Practices for Accounting Courses - Wolcott Slides
    moderator and panelists:
    Susan K. Wolcott, CA School of Business and WolcottLynch
    presentation session:
    Sustainability Accounting: What Is It? How Do We Teach It?
    presentation date:
    August 3, 2010 1:15pm - 2:45pm
    brief description:

    Attached are my slides for the panel session.  Additional materials for teaching sustainability are available under the posting for my CPE session on August 1, 2010 (search under Sustainability and Wolcott).

    Susan

    Comment

     

    • Robert E Jensen

      The Australian Centre for Corporate Social Responsibility (ACCSR) has released a research report on how stakeholders read sustainability reports, how they use them, how this affects an organisation’s reputation, and what causes stakeholders concern, April 2012 ---
      http://www.iasplus.com/en/news/2012/april/australian-research-report-sheds-light-on-sustainability-reporting

      We should wait for a safer way to get at this gas --- this is not a long term efficient solution and may do irreparable damage
      Hydraulic Fracturing Concerns --- http://en.wikipedia.org/wiki/Fracking
      Gasland - OTRAVIREA VOITA A APEI. METODA FRACTIONARII HIDRAULICE
      http://www.youtube.com/watch?feature=player_detailpage&v=iLal7aUqZRM 
      Thank you Dan Gheorghe Somnea for the heads up.

    • Robert E Jensen

      Sustainability Accounting Standards Board
      The SASB apparently will have some forthcoming accounting standards by the end of 2013. Does anybody know something useful about this accounting standards board which got a short publicity module on Page 52 of the September 30, 2013 issue of Time Magazine?

      A woman named Jean Rogers is apparently the Founder and Executive Director of the SASB which has a home page at
      http://www.sasb.org/

      The current Board of Directors is somewhat impressive although lacking in directors who have contributed to the literature of accounting or its social media ---
      http://www.sasb.org/sasb/board-directors/

      The curmudgeon in me makes me skeptical about the accounting expertise needed to generate "accounting standards."

      September 24, 2013

      Hi Bob

      Have a look at this http://csr-reporting.blogspot.co.uk/2013/09/will-sasb-make-g4-redundant.html

      Until recently, I taught a class in sustainability accounting, and I can tell you that it is just as fraught with big issues as is ‘real’ accounting. Indeed, they are many of the same issues. They really do need standards, but the problem – the same problem faced in the early days of accounting standards – is that the businesses are very different, and the stakeholders’ needs diverge enormously.

      Elaine Cohen, author of the CSR reporting blog, is someone I respect in the field. I have met her, and have used her material. I do enjoy her blog. She would agree that sustainability accounting is very different to the sort of accounting that we do, but it is important and it does need some level of standardisation, whether done by ‘real’ accountants or by others.

      Kind regards

      Ruth

      September 25, 2013 reply from Bob Jensen

      Hi Ruth,

      In the USA, the SASB has no jurisdiction unless one of the government agencies like the SEC takes it on like the SEC took on the FASB.

      The SASB will be somewhat like the IASC in the earliest days before it became the IASB. The IASC adopted only non-controversial milk toast standards when compliance was only voluntary. The major factor that allowed the IASB to take on more controversial issues was its agreement with IOSCO that forced it to take on more controversial issues like IAS 39 ---
      http://www.trinity.edu/rjensen/acct5341/speakers/pacter.htm

      But like the IASC in its earliest days, the SASB is a start.

      Respectfully,
      Bob Jensen

      September 24, 2013 reply from Bob Jensen

      Dear Bob,

      I agree that the SASB is a good start in the right direction, as now more than 5000 public companies worldwide are voluntary reporting on their various five dimensions of sustainability performance, including economic, governance, social, ethical and environmental (EGSEE). These EGSEE dimensions of sustainability performance are the main theme of my recent book, coauthored with Ann Brockett of E&Y and published by John Wiley in November 2012. This book won the Axiom Gold Award in 2013 in the category of “Business ethics” (please see attached book flyer).

      Many global regulators and standard-setters and other organizations, including the SASB, GRI and IIRC, are now promoting and suggesting guidelines for Integrated/Sustainability Reporting and Assurance. Sustainability performance reporting and assurance can be further promoted in three ways:

      1.     Market forces of the demand for and interests in Integrated/Sustainability performance, reporting and assurance by investors and financial markets,

      2.     Mandatory sustainability reporting and assurance by regulators and listing standards of stock exchanges (Singapore Exchange, SGX, 2011)

      3.     A combination of mandatory and voluntary initiatives.

      Best regards,

      Zabi

      Zabihollah "Zabi" Rezaee, PhD, CPA, CMA, CIA, CGFM, CFE, CSOXP, CGRCP, CGOVP, CGMA, CRMA
      Thompson-Hill Chair of Excellence/Professor of Accountancy/PhD coordinator
      Fogelman College of Business and Economics
      300 Fogelman College Administration Bldg.
      The University of Memphis
      Memphis, TN 38152-3120
      901.678.4652 (phone)zrezaee@memphis.edu (e-mail)
      https://umdrive.memphis.edu/zrezaee/www/

      September 24, 2013 reply from Bob Jensen

      Thank you Zabi for the update on a world I know longer know much about since writing a AAA Research Monograph entitled Phantasmagoric Accounting in the 1970s when there was much hype and little hope for social responsibility accounting. Monograph 14 (1976) at http://aaahq.org/market/display.cfm?catID=5

      Bob Jensen

      Bob Jensen's threads on triple-bottom reporting ---
      http://www.trinity.edu/rjensen/Theory02.htm#TripleBottom

      Bob Jensen's threads on the controversies of accounting standard setting ---
      http://www.trinity.edu/rjensen/Theory01.htm#MethodsForSetting

    • Robert E Jensen

      Sustainability Accounting --- http://en.wikipedia.org/wiki/Sustainability_accounting  

      From the CFO Journal's Morning Ledger on November 5, 2015

      Stock exchange group sets guidelines for sustainability disclosures
      http://blogs.wsj.com/cfo/2015/11/04/stock-exchange-group-sets-guidelines-for-sustainability-disclosures/?mod=djemCFO_h

      A group of the world’s largest stock exchanges, on Wednesday, released guidelines for the types of environmental, social, and governance-related metrics it says are important for companies to release to investors, Emily Chasan reports. The guidelines could push stock exchanges to require listed companies to report on more than 30 metrics, such as energy consumption, employee turnover, human rights, and gender and board diversity, though exchanges can voluntarily choose to adopt some, if any, of these standards.

       "Update on Social Accounting - Sustainability Reporting," by Jim Martin, MAAW's Blog, May 1, 2015 ---
      http://maaw.blogspot.com/2015/05/update-on-social-accounting.html

      Bob Jensen's threads on sustainability accounting ---
      http://www.trinity.edu/rjensen/theory01.htm#ResearchVersusProfession

    • Robert E Jensen

      From the CFO Journal's Morning Ledger on November 13, 2015

      Bob Jensen's threads on sustainability accounting ---
      http://www.trinity.edu/rjensen/Theory01.htm#ResearchVersusProfession

    • Robert E Jensen

      Enhancing the Quality of Reporting in Corporate Social Responsibility Guidance Documents: The Roles of ISO 26000, Global Reporting Initiative and CSR‐Sustainability Monitor
      SSRN, June 3, 2017
      https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2979660

      Authors

      S. Prakash Sethi --- CUNY Baruch College

      Janet Rovenpor---  Manhattan College

      Mert Demir CUNY Baruch College

      Abstract

      The intent of this article is to review the phenomenal growth of Corporate Social Responsibility reports published by large corporations around the world. The reports provide companies with an opportunity to inform large segments of society about the impacts of their business operations on the environmental, socio‐political, and governmental (regulatory) aspects of a society. The mostly voluntary nature of these reports, however, places the burden on the corporations creating them to (a) provide an adequate amount of information, (b) cover all the major issues that are relevant to the company and industry, and (c) provide measures of assurance as to the accuracy of information. In this article, we compare and examine three institutional approaches that have played an important role toward improving the quality and consistency of these reports. The institutions involved are ISO 26000, Global Reporting Initiative (GRI), and Corporate Social Responsibility (CSR)‐Sustainability Monitor. We intend to show their different approaches to guiding CSR reporting, and assess their relative strengths and limitations.