Sustainability Quotients And Social Footprint Essay

Question:

Discuss about the Sustainability Quotients and the Social Footprint.

Answer:

Corporate Sustainability Management (CSM) refers to the new management subject that helps the organizations to take effective steps for measuring, managing and reporting its environmental and social impacts. Nowadays, a majority of the companies are accepting CSM because the other approaches for instance the Global Reporting Initiative (GRI) have become unsuccessful in measuring and reporting the sustainability of the operations of the organizations. GRI completely ignores the sustainability aspect and does not provide proper guidance. On the contrary, CSM helps in determining the actual sustainability of an organization. Ecological Footprints (EF) is a tool that helps in accessing the natural resources against the world’s ecological state. Despite its importance, these methods are rarely used by the organizations across the globe (www.sustainableorganizations.org).

There exists an issue in Corporate Sustainability Management (CSM) that comprises of the non- success of the mainstream procedures pertaining to non- financial reporting, for instance, Global Reporting Initiative (GRI) to effectively reflect an organization’s environmental and social sustainability. The quotients perspectives proves that the reason behind the non- success is the lack of the presence of denominators or sustainability context. Another major reason behind such failure is lack of a measurement model for sustainability reporting. It is actually the effects on the carrying capacity of anthro capital, which ought to be the basis of the model with actual numerators evaluated against denominators. Therefore, a design specification has been prepared for the measurement model of social sustainability that has the capability of filling such gaps (enviroinfo.eu).

References:

(2017). Retrieved 3 August 2017, from

(2017). Retrieved 3 August 2017, from

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