LM4 - Implementing an ESG Reporting System

LM4 - Implementing an ESG Reporting System
Introduction and objective
Many companies throughout the world publish reports that discuss their economic, environmental and social performance, and there are numerous instances of companies publicly state their commitment to sustainability. Business considerations combining the three core elements in sustainability has been gradually included as part of corporate business decision, while has become crucial to companies’ success. In this topic, we will be looking at the meaning attributed to social, environmental sustainability and triple bottom line reporting. We will study the various decision phases pertaining to sustainability reporting, as well as the concept of sustainable development and how companies report their progress towards the goal of such development. Also, we will
cover the limitation of traditional financial accounting with respect to enabling users of
reports to assess a reporting entity’s social and environmental performance.

Learning outcomes
1. be aware of sustainability and triple bottom line reporting.
2. be aware of the relationship between companies accounting and accountability.
3. Understand the various decision phases pertaining to sustainability reporting, including
the four phases of why? To whom? What? And How?
4. be aware of various theoretical approaches to explain why organisations might
voluntarily elect to provide publicly available information about their sustainability.
5. understand the limitation of traditional conventional financial accounting to
sustainability accounting.
6. understand the Global Reporting Initiative