The notion that a company has responsibilities to society that go beyond its legal obligations and its duties to shareholders. CSR includes a company's impact on the environment, ethical issues, and internal policies regarding transparency and fair treatment of employees.
An environmental audit, also known as a green audit, assesses the impact of an organization's activities on the environment. Its goal is to ensure an organization’s operations comply with environmental policies, and recommendations for sustainability are regularly reviewed. Such audits can be internal or conducted by external consultants.
A comprehensive look into green reporting, an environmental accounting practice where companies quantify their environmental impacts. This is a growing area in corporate reporting, reflecting heightened concerns of investors, consumers, and stakeholders. New Zealand and the EU are at the forefront with specific legislation in place.
Social Responsibility Reporting (also known as Corporate Social Reporting) refers to the practice of communicating a business's initiatives and achievements in social accounting issues, often included within the annual accounts or in a separate report.
Triple Bottom-Line Accounting (TBL) is a method of measuring a company's social and environmental impact in addition to its economic value. This approach evaluates a company's performance through a three-pronged focus: economic profit and loss, corporate social responsibility, and environmental impact.
