ethics and csr
DESCRIPTION
Presentation to final year accounting students studying ethic at RMIT September 2010TRANSCRIPT
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Ethics and CSR
RMIT 28th September 2010
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Who am I?• Expertise in management – largely in the SME sector• FCPA• Focus on the business implication of numbers – and
how to run a business effectively• Role with CoE Environment Social and Governance• Active discussing climate change - developing action
and business model
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Governance model• Engagement at all levels of organisation• Genuine commitment required from Chair,
board and executive• Process to measure and monitor
• Support strategic direction with systems throughout the organisation
• Report and monitor constantly• Celebrate success
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Sustainability• Carbon emissions• Water usage and management• Waste management• Health issues• Biodiversity• Population
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CSR in an Australian context
Compliance vs market imperativeBusiness imperativeSocietal benefitWhere is it now?Where should it be?
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Reporting framework
GRIAASBASIC ASXAccounting professionCPA – and other accounting bodies
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Accountants’ role
Report preparationEthical dilemma? – Performance – Market
driven needs vs RealitySocietal impact +ve Coy. benefit
-ve How should this be reported?
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Carbon accounting
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Examples of Sustainability Reporting• Toyota
http://www.toyota.com.au/toyota/events/environment/2009_sustainability_report?WT.ac=SRHome
• CPA Australia http://cpa.bsiq.com.au/?xml=pastedconfig&iid=36549
• BHP http://www.bhpbilliton.com/bbContentRepository/docs/sustainabilitySummaryReport2009.pdf
• Toyota http://www.toyota.com.au/toyota/events/environment/2009_sustainability_report?WT.ac=SRHome
• CPA Australia http://cpa.bsiq.com.au/?xml=pastedconfig&iid=36549
• BHP http://www.bhpbilliton.com/bbContentRepository/docs/sustainabilitySummaryReport2009.pdf
• Toyota http://www.toyota.com.au/toyota/events/environment/2009_sustainability_report?WT.ac=SRHome
• CPA Australia http://cpa.bsiq.com.au/?xml=pastedconfig&iid=36549
• BHP http://www.bhpbilliton.com/bbContentRepository/docs/sustainabilitySummaryReport2009.pdf
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Where is CSR in relation to sustainability?
Separate from annual reportsOne step on a continuumIntegrating sustainability into the hard numbers –
statement of performance and statement of position – incorporating societal impact – fundamental shift in stakeholder responsibility
Convergence of management and financial reporting
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ResourcesSensis SME success stories athttp://about.sensis.com.au/small-business/free-sustainable-growth-bookCarbon Compass at:http://www.carboncompass.com.au/ClimateWorkshttp://www.climateworksaustralia.com/low_carbon_growth_plan.html