Found 9 article(s) for author 'Accounting'

Sustainability as a Social Movement

Sustainability as a Social Movement. Robert Eccles, June 2016, Paper. “If you think about sustainable development-the classic definition from the Brundtland Commission is meeting the needs of the current generation without sacrificing the needs of future generations-the private sector has a fundamental role to play. Investors are starting to incorporate these in their decision making, but there’s a lot of greenwashing. […]portfolio managers think this stuff is important and asset owners put pressure on asset managers, you won’t start to extend the time frame. Creating a Sustainable Society We wouldn’t have the capital markets today without financial accounting standards and reporting requirements.Link

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Why Investors Should Care About the Next Generation of Accounting Standards

Why Investors Should Care About the Next Generation of Accounting Standards. Robert Eccles, February 27, 2016, Opinion. “This is the mission of the Sustainability Accounting Standards Board, a nonprofit organization established by Jean Rogers in 2011. Michael Bloomberg, former New York mayor, is the current chair, and former Securities and Exchange Commission chair Mary Schapiro is SASB’s vice chair. SASB’s approach is a simple but powerful one. Through a rigorous process, it identifies the material ESG information that should be reported on a company’s Form 10-K, or equivalent reporting document for non-U.S.-listed companies, and the recommended key performance indicator or metric for each issue. The ESG issues are grouped into the following five categories: environment, social capital, human capital, business models and innovation, and leadership and governance.Link

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Thin Political Markets: The Soft Underbelly of Capitalism

Thin Political Markets: The Soft Underbelly of Capitalism. Karthik Ramanna, Winter 2015, Paper. “‘Thin political markets’ are the processes through which some of the most complex and critical institutions of our capitalist system are determined—e.g., our accounting-standards infrastructure. In thin political markets, corporate managers are largely unopposed—because of their own expertise and the general public’s low awareness of the issues. This enables managers to structure the ‘rules of the game’ in self-serving ways. The result is a structural flaw in the determination of critical institutions of our capitalist system, which, if ignored, can undermine the legitimacy of the system. This article provides some ideas on how to fix the problem…” Link

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Corporate and Integrated Reporting: A Functional Perspective

Corporate and Integrated Reporting: A Functional Perspective. Robert Eccles, George Serafeim, May 5, 2014, Paper. “In this paper, we present the two primary functions of corporate reporting (information and transformation) and why currently isolated financial and sustainability reporting are not likely to perform effectively those functions. We describe the concept of integrated reporting and why integrated reporting could be a superior mechanism to perform these functions. Moreover, we discuss, through a series of case studies, what constitutes an effective integrated report…” Link

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The Sustainability Accounting Standards Board

The Sustainability Accounting Standards Board. Julie Battilana, May 2014, Case. “In 2014, as the Sustainability Accounting Standards Board (SASB) has just brought former New York City Mayor Michael Bloomberg on as chairman of the board, Jean Rogers, founder and CEO struggles with how best to ensure the nonprofit’s financial sustainability while pushing for broad acceptance of its nonfinancial accounting metrics…” May require purchase or user account. Link Verified October 12, 2014

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Corporate Reporting in the Big Data Era

Corporate Reporting in the Big Data Era. George Serafeim, April 29, 2014, Opinion. “Advancements in information technology can improve corporate communication with shareholders, but not through incessant data dumps. Instead, companies will more likely be poised for continued success if they use digital platforms for long-term oriented engagement and communication in the context of our changing global economy. This is characterized by increased demand for corporate transparency, heightened global competition leading to customer mobility, and resource scarcity that raises the importance of innovation in…” Link Verified October 11, 2014

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Sustainability in Financial Services Is Not About Being Green

Sustainability in Financial Services Is Not About Being Green. George Serafeim, May 15, 2013, Opinion. “The next time we hear about a bank or insurance company’s “green program” — like using energy efficient light bulbs or operating out of a LEED Platinum building — we’ll either scream or throw up. Don’t get us wrong. We aren’t “climate change deniers” and we believe that every individual and organization should use energy and other natural resources responsibly. Our problem with banks, insurance companies, and other financial institutions that tout their commitment to sustainability by…” Link Verified October 11, 2014

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The Private Company Council

The Private Company Council. Karthik Ramanna, Luis M. Viceira, January 2013, Case. “Financial Accounting Foundation chairman Jack Brennan is under pressure from private-company interests to set up a new body—the Private Company Council—to determine separate GAAP for private companies. PCC advocates—including the US Chamber of Commerce—argue that traditional US GAAP has too many disclosure and fair-value requirements that impose very high compliance costs on private companies. But there are influential players—including the Big Four auditors—who oppose creating the PCC. They argue that the compliance costs of traditional…”  May require purchase or user account. Link verified March 28, 2014

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