Become a Fan 
Tagline.gif
Follow Us

Social Responsibility

Socially responsible investing, also known as socially-conscious or ethical investing, describes an investment strategy which seeks to maximize both financial return and social good.

In general, socially responsible investors lightbulbleaf.jpgfavor corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity. The areas of concern recognized by the SRI industry can be summarized as environment, social justice, and corporate governance (ESG). Read More.

Social accounting (also known as social and environmental accounting, corporate social  reporting, corporate social responsibility reporting, non-financial reporting, or sustainability accounting) is the process of communicating the social and environmental effects of organizations' economic actions to particular interest groups within society and to society at large.

Social accounting is commonly used in the context of business, or corporate social responsibility (CSR), although any organization, including NGOs, charities, and government agencies may engage in social accounting.

Social accounting emphasizes the notion of corporate accountability. D. Crowther defines social accounting in this sense as "an approach to reporting a firm's activities which stresses the need for the identification of socially relevant behavior, the determination of those to whom the company is accountable for its social performance and the development of appropriate measures and reporting techniques." Read More.

The triple bottom line (abbreviated as "TBL" or "3BL", and also known as "people, planet, profit" or "the three pillars")tripbotline.jpg captures as expanded spectrum of values and criteria for measuring organizational (and societal) success: economic, ecological and social.

With the ratification of the United Nations and ICLEI TBL standard for urban and community accounting in early 2007, this became the dominant approach to public sector full cost accounting. Similar UN standards apply to natural capital and human capital measurement to assist in measurements required by TBL, e.g. the ecoBudget standard for reporting ecological footprint. In the private sector, a commitment to corporate social responsibility implies a commitment to some form of TBL reporting. This is distinct from the more limited changes required to deal only with ecological issues.

In practical terms, triple bottom line accounting means expanding the traditional reporting framework to take into account ecological and social performance in addition to financial performance. Read More.


 PSI-LOGO-10trans.gif

 SiteHomeButton.jpg

 energylogic.gif cws med.JPG
Copyright © 2010 Corporate Social Responsibility Association
Powered by Wild Apricot. Try our all-in-one platform for easy membership management