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<br /> Sustainability<br /> Framework 2.0<br /> Professional Accountants as Integrators<br /> This publication may be downloaded free of charge from the IFAC website www.ifac.org.<br /> The approved text is published in the English language.<br /> If you have any queries, suggestions or comments about this Framework, please contact Stathis Gould, Head of PAIB, by email at stathisgould@ifac.org.<br /> Copyright © March 2011 by the International Federation of Accountants (IFAC). All rights reserved. Permission is granted to make copies of this work provided that such<br /> copies are for use in academic classrooms or for personal use and are not sold or disseminated and provided that each copy bears the following credit line: “Copyright<br /> © March 2011 by the International Federation of Accountants (IFAC). All rights reserved. Used with permission of IFAC. Contact permissions@ifac.org for permission to<br /> reproduce, store or transmit this<a title="IFAC-SustainabilityFramework-2.0.pdf page 1" href="http://viewer.zmags.com/publication/052263e2?page=1"> Sustainability Framework 2.0 Professional Account</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 2" href="http://viewer.zmags.com/publication/052263e2?page=2"> This publication may be downloaded free of charge</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 3" href="http://viewer.zmags.com/publication/052263e2?page=3"> Professional Accountants in Business Committee In</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 4" href="http://viewer.zmags.com/publication/052263e2?page=4"> Table of Contents Overview ......................</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 5" href="http://viewer.zmags.com/publication/052263e2?page=5"> Operational Perspective 2.0 Introduction .......</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 6" href="http://viewer.zmags.com/publication/052263e2?page=6"> </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 7" href="http://viewer.zmags.com/publication/052263e2?page=7"> The greatest shareholder today is no longer the w</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 8" href="http://viewer.zmags.com/publication/052263e2?page=8"> Sustainability Framework 2.0 view of maximi</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 9" href="http://viewer.zmags.com/publication/052263e2?page=9"> creation is only achievable when organizations di</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 10" href="http://viewer.zmags.com/publication/052263e2?page=10"> Sustainability Framework 2.0 now covered in</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 11" href="http://viewer.zmags.com/publication/052263e2?page=11"> contribution, and particularly to act as integrat</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 12" href="http://viewer.zmags.com/publication/052263e2?page=12"> Sustainability Framework 2.0 providing insi</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 13" href="http://viewer.zmags.com/publication/052263e2?page=13"> So many information sources cover various aspects</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 14" href="http://viewer.zmags.com/publication/052263e2?page=14"> Sustainability Framework 2.0 The Framework </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 15" href="http://viewer.zmags.com/publication/052263e2?page=15"> accountants should understand (a) the importance </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 16" href="http://viewer.zmags.com/publication/052263e2?page=16"> </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 17" href="http://viewer.zmags.com/publication/052263e2?page=17"> The ongoing success of Ford Motor Company is my l</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 18" href="http://viewer.zmags.com/publication/052263e2?page=18"> Part 1: Business Strategy Perspective The I</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 19" href="http://viewer.zmags.com/publication/052263e2?page=19"> The business strategy perspective covers the crit</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 20" href="http://viewer.zmags.com/publication/052263e2?page=20"> We are entering a period of history in which it i</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 21" href="http://viewer.zmags.com/publication/052263e2?page=21"> level, a clear definition is a precursor to helpi</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 22" href="http://viewer.zmags.com/publication/052263e2?page=22"> Part 1: Business Strategy Perspective organ</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 23" href="http://viewer.zmags.com/publication/052263e2?page=23"> identifying the key sustainability issues and how</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 24" href="http://viewer.zmags.com/publication/052263e2?page=24"> Part 1: Business Strategy Perspective Estab</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 25" href="http://viewer.zmags.com/publication/052263e2?page=25"> 1.1 Defining Sustainability and the Business Case</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 26" href="http://viewer.zmags.com/publication/052263e2?page=26"> Part 1: Business Strategy Perspective advan</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 27" href="http://viewer.zmags.com/publication/052263e2?page=27"> Sustainability Issues Analysis HIGH STAKEHOLDER </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 28" href="http://viewer.zmags.com/publication/052263e2?page=28"> Part 1: Business Strategy Perspective Shell:</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 29" href="http://viewer.zmags.com/publication/052263e2?page=29"> We need to make sure corporate governance defines</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 30" href="http://viewer.zmags.com/publication/052263e2?page=30"> Part 1: Business Strategy Perspective helps</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 31" href="http://viewer.zmags.com/publication/052263e2?page=31"> The scope and objective of leadership will also v</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 32" href="http://viewer.zmags.com/publication/052263e2?page=32"> Part 1: Business Strategy Perspective Key </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 33" href="http://viewer.zmags.com/publication/052263e2?page=33"> 1.2 Vision and Leadership Growth? and focus</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 34" href="http://viewer.zmags.com/publication/052263e2?page=34"> Part 1: Business Strategy Perspective Organ</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 35" href="http://viewer.zmags.com/publication/052263e2?page=35"> 1.2 Vision and Leadership Implementing Susta</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 36" href="http://viewer.zmags.com/publication/052263e2?page=36"> In 2008, Daimler launched its Stakeholder Dialogu</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 37" href="http://viewer.zmags.com/publication/052263e2?page=37"> covering major societal concerns. Organizations w</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 38" href="http://viewer.zmags.com/publication/052263e2?page=38"> Part 1: Business Strategy Perspective compa</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 39" href="http://viewer.zmags.com/publication/052263e2?page=39"> 1.3 Stakeholder Engagement Key Considerati</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 40" href="http://viewer.zmags.com/publication/052263e2?page=40"> Part 1: Business Strategy Perspective and s</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 41" href="http://viewer.zmags.com/publication/052263e2?page=41"> 1.3 Stakeholder Engagement the same price a</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 42" href="http://viewer.zmags.com/publication/052263e2?page=42"> Part 1: Business Strategy Perspective Enligh</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 43" href="http://viewer.zmags.com/publication/052263e2?page=43"> 1.3 Stakeholder Engagement an organization </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 44" href="http://viewer.zmags.com/publication/052263e2?page=44"> Part 1: Business Strategy Perspective Five-S</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 45" href="http://viewer.zmags.com/publication/052263e2?page=45"> An organization should devise an effective action</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 46" href="http://viewer.zmags.com/publication/052263e2?page=46"> Part 1: Business Strategy Perspective Key </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 47" href="http://viewer.zmags.com/publication/052263e2?page=47"> 1.4 Goals and Target Setting remuneration i</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 48" href="http://viewer.zmags.com/publication/052263e2?page=48"> Part 1: Business Strategy Perspective Reduci</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 49" href="http://viewer.zmags.com/publication/052263e2?page=49"> Central to the requirements of enterprise governa</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 50" href="http://viewer.zmags.com/publication/052263e2?page=50"> Part 1: Business Strategy Perspective allow</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 51" href="http://viewer.zmags.com/publication/052263e2?page=51"> 1.5 Integration with Risk Management Key C</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 52" href="http://viewer.zmags.com/publication/052263e2?page=52"> Part 1: Business Strategy Perspective  a</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 53" href="http://viewer.zmags.com/publication/052263e2?page=53"> 1.5 Integration with Risk Management Assess</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 54" href="http://viewer.zmags.com/publication/052263e2?page=54"> Part 1: Business Strategy Perspective may h</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 55" href="http://viewer.zmags.com/publication/052263e2?page=55"> Hallmarks of a Leader in Supplier Relations  </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 56" href="http://viewer.zmags.com/publication/052263e2?page=56"> Part 1: Business Strategy Perspective perfo</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 57" href="http://viewer.zmags.com/publication/052263e2?page=57"> The Sustainability Consortium is an independent o</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 58" href="http://viewer.zmags.com/publication/052263e2?page=58"> Part 1: Business Strategy Perspective Key </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 59" href="http://viewer.zmags.com/publication/052263e2?page=59"> 1.6 Engagement of Suppliers 2. Subsequent</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 60" href="http://viewer.zmags.com/publication/052263e2?page=60"> Part 1: Business Strategy Perspective Suppl</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 61" href="http://viewer.zmags.com/publication/052263e2?page=61"> 1.6 Engagement of Suppliers documented in a</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 62" href="http://viewer.zmags.com/publication/052263e2?page=62"> Part 1: Business Strategy Perspective The Be</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 63" href="http://viewer.zmags.com/publication/052263e2?page=63"> 1.6 Engagement of Suppliers </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 64" href="http://viewer.zmags.com/publication/052263e2?page=64"> Par t 2 Operational Perspective 2.0 Introductio</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 65" href="http://viewer.zmags.com/publication/052263e2?page=65"> 63</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 66" href="http://viewer.zmags.com/publication/052263e2?page=66"> its commitment to sustainability performance. Th</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 67" href="http://viewer.zmags.com/publication/052263e2?page=67"> dependent on each other. The first issue covered</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 68" href="http://viewer.zmags.com/publication/052263e2?page=68"> Part 2: Operational Perspective social cost</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 69" href="http://viewer.zmags.com/publication/052263e2?page=69"> Virtually any small business can improve its ener</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 70" href="http://viewer.zmags.com/publication/052263e2?page=70"> Part 2: Operational Perspective much higher</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 71" href="http://viewer.zmags.com/publication/052263e2?page=71"> incentives that present opportunities, such as th</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 72" href="http://viewer.zmags.com/publication/052263e2?page=72"> Part 2: Operational Perspective Key Consid</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 73" href="http://viewer.zmags.com/publication/052263e2?page=73"> 2.1 Cutting Costs by Minimizing Waste Small</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 74" href="http://viewer.zmags.com/publication/052263e2?page=74"> Part 2: Operational Perspective proactive t</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 75" href="http://viewer.zmags.com/publication/052263e2?page=75"> Increasingly, organisations are disclosing inform</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 76" href="http://viewer.zmags.com/publication/052263e2?page=76"> Part 2: Operational Perspective their procu</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 77" href="http://viewer.zmags.com/publication/052263e2?page=77"> such as carbon footprint calculation, carbon acco</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 78" href="http://viewer.zmags.com/publication/052263e2?page=78"> GHG Emissions An organizational carbon footprint </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 79" href="http://viewer.zmags.com/publication/052263e2?page=79"> 2.2 Carbon Footprinting from multiple sourc</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 80" href="http://viewer.zmags.com/publication/052263e2?page=80"> Part 2: Operational Perspective Under the G</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 81" href="http://viewer.zmags.com/publication/052263e2?page=81"> 2.2 Carbon Footprinting Transparency: Discl</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 82" href="http://viewer.zmags.com/publication/052263e2?page=82"> Part 2: Operational Perspective CARBON FOOTP</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 83" href="http://viewer.zmags.com/publication/052263e2?page=83"> 2.2 Carbon Footprinting Developing the carbo</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 84" href="http://viewer.zmags.com/publication/052263e2?page=84"> Environmental accounting will remain the means to</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 85" href="http://viewer.zmags.com/publication/052263e2?page=85"> deployment of appropriate accounting, costing, an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 86" href="http://viewer.zmags.com/publication/052263e2?page=86"> Part 2: Operational Perspective  Physica</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 87" href="http://viewer.zmags.com/publication/052263e2?page=87"> at Constructing Excellence. See “Environmental Ac</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 88" href="http://viewer.zmags.com/publication/052263e2?page=88"> Part 2: Operational Perspective Environmenta</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 89" href="http://viewer.zmags.com/publication/052263e2?page=89"> 2.3 Improving Information to Support Decisions an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 90" href="http://viewer.zmags.com/publication/052263e2?page=90"> Part 2: Operational Perspective Although th</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 91" href="http://viewer.zmags.com/publication/052263e2?page=91"> 2.3 Improving Information to Support Decisions an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 92" href="http://viewer.zmags.com/publication/052263e2?page=92"> Part 2: Operational Perspective Using ABC/AB</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 93" href="http://viewer.zmags.com/publication/052263e2?page=93"> 2.3 Improving Information to Support Decisions an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 94" href="http://viewer.zmags.com/publication/052263e2?page=94"> Part 2: Operational Perspective of improvem</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 95" href="http://viewer.zmags.com/publication/052263e2?page=95"> 2.3 Improving Information to Support Decisions an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 96" href="http://viewer.zmags.com/publication/052263e2?page=96"> Part 2: Operational Perspective of weight an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 97" href="http://viewer.zmags.com/publication/052263e2?page=97"> 2.3 Improving Information to Support Decisions an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 98" href="http://viewer.zmags.com/publication/052263e2?page=98"> Part 2: Operational Perspective complex. Th</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 99" href="http://viewer.zmags.com/publication/052263e2?page=99"> 2.3 Improving Information to Support Decisions an</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 100" href="http://viewer.zmags.com/publication/052263e2?page=100"> Part 2: Operational Perspective on payback </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 101" href="http://viewer.zmags.com/publication/052263e2?page=101"> In conducting our business, acting sustainably me</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 102" href="http://viewer.zmags.com/publication/052263e2?page=102"> Part 2: Operational Perspective that is mea</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 103" href="http://viewer.zmags.com/publication/052263e2?page=103"> for example, covering water use, waste production</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 104" href="http://viewer.zmags.com/publication/052263e2?page=104"> Part 2: Operational Perspective Key Consid</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 105" href="http://viewer.zmags.com/publication/052263e2?page=105"> 2.4 Integrated Management Control Systems (</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 106" href="http://viewer.zmags.com/publication/052263e2?page=106"> Part 2: Operational Perspective (CAEs) and </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 107" href="http://viewer.zmags.com/publication/052263e2?page=107"> 2.4 Integrated Management Control Systems In</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 108" href="http://viewer.zmags.com/publication/052263e2?page=108"> Part 2: Operational Perspective Internationa</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 109" href="http://viewer.zmags.com/publication/052263e2?page=109"> 2.4 Integrated Management Control Systems </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 110" href="http://viewer.zmags.com/publication/052263e2?page=110"> Enel’s CSR is incorporated in its business plan, </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 111" href="http://viewer.zmags.com/publication/052263e2?page=111"> incorporated into internal management processes a</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 112" href="http://viewer.zmags.com/publication/052263e2?page=112"> Part 2: Operational Perspective Some organi</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 113" href="http://viewer.zmags.com/publication/052263e2?page=113"> 2.5 Performance Measurement and KPIs Using t</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 114" href="http://viewer.zmags.com/publication/052263e2?page=114"> Part 2: Operational Perspective Key Consid</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 115" href="http://viewer.zmags.com/publication/052263e2?page=115"> 2.5 Performance Measurement and KPIs In pra</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 116" href="http://viewer.zmags.com/publication/052263e2?page=116"> Part 2: Operational Perspective importantly</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 117" href="http://viewer.zmags.com/publication/052263e2?page=117"> 2.5 Performance Measurement and KPIs effici</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 118" href="http://viewer.zmags.com/publication/052263e2?page=118"> Part 2: Operational Perspective reduce thos</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 119" href="http://viewer.zmags.com/publication/052263e2?page=119"> 2.5 Performance Measurement and KPIs Guidanc</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 120" href="http://viewer.zmags.com/publication/052263e2?page=120"> 118</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 121" href="http://viewer.zmags.com/publication/052263e2?page=121"> It is important to point out that we must avoid e</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 122" href="http://viewer.zmags.com/publication/052263e2?page=122"> Part 3: Reporting Perspective This trend ha</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 123" href="http://viewer.zmags.com/publication/052263e2?page=123"> for South Africa (King III), which was released i</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 124" href="http://viewer.zmags.com/publication/052263e2?page=124"> Part 3: Reporting Perspective call for mand</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 125" href="http://viewer.zmags.com/publication/052263e2?page=125"> environmental, social, and governance issues, and</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 126" href="http://viewer.zmags.com/publication/052263e2?page=126"> Part 3: Reporting Perspective Jurisdictional</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 127" href="http://viewer.zmags.com/publication/052263e2?page=127"> 3.0 Introduction  UK: In the case of list</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 128" href="http://viewer.zmags.com/publication/052263e2?page=128"> Part 3: Reporting Perspective 12 countries </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 129" href="http://viewer.zmags.com/publication/052263e2?page=129"> communications and reporting. The key sections co</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 130" href="http://viewer.zmags.com/publication/052263e2?page=130"> The GRI’s recent survey‡ among readers of financi</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 131" href="http://viewer.zmags.com/publication/052263e2?page=131"> Corporate Responsibility Reporting”), dissatisfac</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 132" href="http://viewer.zmags.com/publication/052263e2?page=132"> Part 3: Reporting Perspective Trends in Corp</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 133" href="http://viewer.zmags.com/publication/052263e2?page=133"> The following groups are currently developing vis</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 134" href="http://viewer.zmags.com/publication/052263e2?page=134"> Part 3: Reporting Perspective One Report Th</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 135" href="http://viewer.zmags.com/publication/052263e2?page=135"> organisation’s primary report. It could, however,</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 136" href="http://viewer.zmags.com/publication/052263e2?page=136"> Part 3: Reporting Perspective sustainabilit</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 137" href="http://viewer.zmags.com/publication/052263e2?page=137"> 3.1 Developing an Organizational Reporting Strate</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 138" href="http://viewer.zmags.com/publication/052263e2?page=138"> Part 3: Reporting Perspective Key Consider</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 139" href="http://viewer.zmags.com/publication/052263e2?page=139"> 3.1 Developing an Organizational Reporting Strate</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 140" href="http://viewer.zmags.com/publication/052263e2?page=140"> Part 3: Reporting Perspective More Than One </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 141" href="http://viewer.zmags.com/publication/052263e2?page=141"> 3.1 Developing an Organizational Reporting Strate</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 142" href="http://viewer.zmags.com/publication/052263e2?page=142"> Part 3: Reporting Perspective Progress titl</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 143" href="http://viewer.zmags.com/publication/052263e2?page=143"> 3.1 Developing an Organizational Reporting Strate</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 144" href="http://viewer.zmags.com/publication/052263e2?page=144"> Part 3: Reporting Perspective The Integrated</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 145" href="http://viewer.zmags.com/publication/052263e2?page=145"> 3.1 Developing an Organizational Reporting Strate</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 146" href="http://viewer.zmags.com/publication/052263e2?page=146"> Part 3: Reporting Perspective Specific con</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 147" href="http://viewer.zmags.com/publication/052263e2?page=147"> software, particularly in the area of carbon acco</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 148" href="http://viewer.zmags.com/publication/052263e2?page=148"> Environmental matters are becoming significant to</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 149" href="http://viewer.zmags.com/publication/052263e2?page=149"> concerns and transparently show their environment</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 150" href="http://viewer.zmags.com/publication/052263e2?page=150"> Part 3: Reporting Perspective Key Consider</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 151" href="http://viewer.zmags.com/publication/052263e2?page=151"> 3.2 Reflecting Sustainability Impacts in Financia</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 152" href="http://viewer.zmags.com/publication/052263e2?page=152"> Part 3: Reporting Perspective International </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 153" href="http://viewer.zmags.com/publication/052263e2?page=153"> 3.2 Reflecting Sustainability Impacts in Financia</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 154" href="http://viewer.zmags.com/publication/052263e2?page=154"> Part 3: Reporting Perspective For a list of</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 155" href="http://viewer.zmags.com/publication/052263e2?page=155"> 3.2 Reflecting Sustainability Impacts in Financia</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 156" href="http://viewer.zmags.com/publication/052263e2?page=156"> Part 3: Reporting Perspective For example, </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 157" href="http://viewer.zmags.com/publication/052263e2?page=157"> Accounting doesn’t do things too well sometimes a</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 158" href="http://viewer.zmags.com/publication/052263e2?page=158"> Part 3: Reporting Perspective Narrative rep</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 159" href="http://viewer.zmags.com/publication/052263e2?page=159"> development;  supplement information presente</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 160" href="http://viewer.zmags.com/publication/052263e2?page=160"> Part 3: Reporting Perspective Although disc</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 161" href="http://viewer.zmags.com/publication/052263e2?page=161"> 3.3 Narrative Reporting for Enhanced Transparency</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 162" href="http://viewer.zmags.com/publication/052263e2?page=162"> Part 3: Reporting Perspective Unfortunately</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 163" href="http://viewer.zmags.com/publication/052263e2?page=163"> Group, a provider of social investing and corpora</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 164" href="http://viewer.zmags.com/publication/052263e2?page=164"> Part 3: Reporting Perspective Disclosure Abo</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 165" href="http://viewer.zmags.com/publication/052263e2?page=165"> 3.3 Narrative Reporting for Enhanced Transparency</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 166" href="http://viewer.zmags.com/publication/052263e2?page=166"> Part 3: Reporting Perspective Pricewaterhou</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 167" href="http://viewer.zmags.com/publication/052263e2?page=167"> 3.3 Narrative Reporting for Enhanced Transparency</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 168" href="http://viewer.zmags.com/publication/052263e2?page=168"> This [sustainability] report is intended to cover</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 169" href="http://viewer.zmags.com/publication/052263e2?page=169"> reporting as covered in the next section. Materia</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 170" href="http://viewer.zmags.com/publication/052263e2?page=170"> Part 3: Reporting Perspective materiality i</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 171" href="http://viewer.zmags.com/publication/052263e2?page=171"> Beyond this threshold, not all material issues wi</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 172" href="http://viewer.zmags.com/publication/052263e2?page=172"> Part 3: Reporting Perspective Defining Mater</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 173" href="http://viewer.zmags.com/publication/052263e2?page=173"> 3.4 Determining Materiality Key Considerat</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 174" href="http://viewer.zmags.com/publication/052263e2?page=174"> Part 3: Reporting Perspective measurements </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 175" href="http://viewer.zmags.com/publication/052263e2?page=175"> 3.4 Determining Materiality purposes. The f</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 176" href="http://viewer.zmags.com/publication/052263e2?page=176"> When does a report need to be assured? Assurance </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 177" href="http://viewer.zmags.com/publication/052263e2?page=177"> auditor may choose to evaluate the design and imp</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 178" href="http://viewer.zmags.com/publication/052263e2?page=178"> Part 3: Reporting Perspective example, the </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 179" href="http://viewer.zmags.com/publication/052263e2?page=179"> There are difficulties in providing assurance on </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 180" href="http://viewer.zmags.com/publication/052263e2?page=180"> Part 3: Reporting Perspective  assesses </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 181" href="http://viewer.zmags.com/publication/052263e2?page=181"> 3.5 External Review and Assurance of Sustainabili</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 182" href="http://viewer.zmags.com/publication/052263e2?page=182"> Part 3: Reporting Perspective  Answering </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 183" href="http://viewer.zmags.com/publication/052263e2?page=183"> 3.5 External Review and Assurance of Sustainabili</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 184" href="http://viewer.zmags.com/publication/052263e2?page=184"> Part 3: Reporting Perspective The choice of</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 185" href="http://viewer.zmags.com/publication/052263e2?page=185"> 3.5 External Review and Assurance of Sustainabili</a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 186" href="http://viewer.zmags.com/publication/052263e2?page=186"> Sustainability Framework 2.0 Endnotes 1 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 187" href="http://viewer.zmags.com/publication/052263e2?page=187"> Sustainability Framework 2.0 Endnotes 16 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 188" href="http://viewer.zmags.com/publication/052263e2?page=188"> Sustainability Framework 2.0 Endnotes 30 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 189" href="http://viewer.zmags.com/publication/052263e2?page=189"> Sustainability Framework 2.0 Endnotes 45 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 190" href="http://viewer.zmags.com/publication/052263e2?page=190"> Sustainability Framework 2.0 Endnotes 59 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 191" href="http://viewer.zmags.com/publication/052263e2?page=191"> Sustainability Framework 2.0 Endnotes 75 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 192" href="http://viewer.zmags.com/publication/052263e2?page=192"> Sustainability Framework 2.0 Endnotes 90 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 193" href="http://viewer.zmags.com/publication/052263e2?page=193"> Sustainability Framework 2.0 Endnotes 104 </a> <a title="IFAC-SustainabilityFramework-2.0.pdf page 194" href="http://viewer.zmags.com/publication/052263e2?page=194"> Sustainability Framework 2.0 Endnotes 119 </a>