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El. knyga: Sustainable Development Goals and Integrated Reporting

, (National University of Ireland, Galway, Ireland),

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Our planet faces massive economic, social, and environmental challenges. To deal with these challenges, the United Nations has promoted 17 Sustainable Development Goals (SDGs) to define global priorities and aspirations for 2030, and Governments worldwide have already agreed on these goals. In order to approach them practically, private and public organizations have to contribute to make SDGs happen by identifying and executing sustainable strategies as key drivers of their visions and business models. Building on the emerging concept of Integrated Thinking (IT), this book explores how modern organizations can leverage a long-term integrated strategy to reconcile financial stability with social and environmental sustainability and create enduring value for all stakeholders.

By focusing on the value-creating role of business organizations in delivering on the promise of sustainable and inclusive development, the book enriches the debate on Integrated Thinking and Integrated Reporting (IR), with particular emphasis on the value creation process.

This book offers an opportunity to discuss the way in which business organisations can rethink their management processes, accounting tools and reporting solutions, as they strive for both competitiveness and growth while contributing to the achievement of the SDGs, and long-term value creation more broadly. Based on the analysis of different case studies, the book explores how organizations are approaching these challenges and how they are connecting SDGs, to business models and strategies. Analysing the impact of SDGs on materiality, connectivity, and stakeholder engagement, this book provides an insight into how Integrated Thinking, Management and Reporting is currently practiced and in which way these managerial innovations can contribute to SDGs.
List of Tables arid Figures
vii
List of Authors
ix
1 Make Sustainable Development Goals happen through Integrated Thinking: an introduction (Cristiano Busco)
1.1 Introduction
1(2)
1.2 The discourse on sustainable development and the SDGs
3(2)
1.3 Achieving the SDGs through Integrated Thinking
5(3)
1.4 PepsiCo: governing sustainability through Performance with Purpose
8(4)
1.5 How Eni pursues the SDGs
12(4)
1.6 Make SDGs happen through Integrated Thinking: what role for the Finance function and for Accounting and Reporting practices?
16(2)
1.7 References
18(3)
2 Practicing Integrated Thinking: towards a new era of corporate management accounting and reporting (Fabrizio Grana)
2.1 Introduction
21(1)
2.2 Towards the integration of financial and non-financial performance
22(3)
2.3 Integrated Reporting and Integrated Thinking
25(8)
2.3.1 Fundamental concepts
27(2)
2.3.2 Guiding principles
29(2)
2.3.3 Content elements
31(2)
2.4 Integrated Thinking in practice: cases and best practices
33(10)
2.4.1 UniCredit Group
33(7)
2.4.2 SASOL South Africa
40(3)
2.5 Benefits and critics of Integrated Thinking and Reporting
43(2)
2.6 Summary and conclusions
45(1)
2.7 References
46(3)
3 Sustainable Development Goals: a new role for organizations (Maria Federica Izzo)
3.1 Introduction
49(2)
3.2 Redefining sustainable growth
51(2)
3.3 The road toward Sustainable Development Goals
53(4)
3.4 The Sustainable Development Goals
57(5)
3.5 A new role for organizations
62(5)
3.6 How companies make SDGs happen: cases and best practices
67(9)
3.6.1 Iberdrola: the alignment between strategy and the SDGs
68(5)
3.6.2 Electrolux: For the Better
73(3)
3.7 The role of management accountants in making SDGs happen
76(2)
3.8 Summary and conclusions
78(1)
3.9 References
79(2)
4 Sustainable Development Goals and Integrated Thinking: integrating sustainability initiatives with long term value creation (Maria Federica Izzo)
4.1 Introduction
81(2)
4.2 Toward long-term value creation processes: the link between SDGs and Integrated Thinking
83(5)
4.3 Delivering SDGs through Integrated Thinking
88(3)
4.4 How companies make SDGs happen through Integrated Reporting: cases and best practices
91(21)
4.4.1 City Developments Limited: an integrated strategy for value creation
91(7)
4.4.2 Itau Unibanco Holdings SA
98(8)
4.4.3 Cbus Superannuation Fund
106(6)
4.5 Summary and conclusions
112(1)
4.6 References
113(2)
5 Conclusions (Fabrizio Grand and Maria Federica Izzo)
5.1 The momentum of Sustainable Developments Goals
115(2)
5.2 The role of business in fostering SDGs within organization strategies
117(4)
5.3 Opportunities for integrating SDGs within business strategies: the role of CEOs
121(2)
5.4 Summary and further thoughts
123(2)
5.5 References
125
Cristiano Busco, Ph.D., is a professor of Accounting and Integrated Reporting at Roehampton University, in London and LUISS Guido Carli University, Rome, Italy.

Fabrizio Graną is Post Doc at LUISS Guido Carli University, Rome (Italy).

Maria Federica Izzo, Ph.D., is a Lecturer in Accounting at LUISS Guido Carli University, Rome, Italy.