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IFAC issues guides on sustainability and governance.(first in)
Financial Management (UK)
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March 01, 2009 |
COPYRIGHT 2009 Chartered Institute of Management Accountants (CIMA). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
The professional accountants in business (PAIB) committee of the International Federation of Accountants (IFAC) has produced a framework illustrating how a commitment to sustainabitity can help a company to improve its products or services, motivate staff, reduce costs and enhance its reputation.
The framework is based on four perspectives: business strategy; internal management; financial investors; and other stakeholders. It challenges conventional ways of thinking about economic, social and environmental achievements. It also promotes "sustainability leadership" throughout the management cycle--from making and executing strategic decisions to reporting on performance. The framework is web-based and allows users to choose the issues most important to their roles. It can be accessed free at www.ifac.org/paib.
The PAIB committee has also ...
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Source: HighBeam Research, IFAC issues guides on sustainability and governance.(first in)