Summary

Summary Corporate Sustainability (323102-M-6) - 2024

Course
Corporate Sustainability (323102M6)

Institution
Tilburg University (UVT)

Summary of all Corporate Sustainability lectures in 2024 in the Master Accountancy, based on the final lecture in which everything that is important for the exam was discussed.

[Show more]

Preview 4 out of 67 pages

View example

Uploaded on June 2, 2024
Number of pages 67
Written in 2023/2024
Type Summary

anti profit beliefs
esg ratings
csr
triple bottom line
creating shared value
sustainability accounting
green deal
csrd
stakeholders
governance
accountancy

Institution
Tilburg University (UVT)
Education
Accountancy
Course
Corporate Sustainability (323102M6)

Corporate
Sustainability
Summary
Lecture
1:
Organization
&
Introduction
Anti
Profit
Beliefs
(APB):
The
perception
that
profit-seeking
conflicts
with
beneficial
outcomes
for
consumers
and
society.
CSR
Engagement
as
Zero-sum
Setting
●
Intuitive
experiences
with
‘market
exchanges’
as
zero
sum:
○
The
more
the
firm
profits
form
an
exchange,
the
less
value
for
the
consumer
○
Single
transactions:
i.e.,
buying
a
bike,
money
is
gone
●
When
assessing
how
firms
make
profit,
individuals
often
assume
it
is
also
zero-sum:
the
more
profit
a
firm
makes,
the
less
value
for
society
●
Anti-profit
beliefs
can
arise
because
the
zero-sum
game
is
easily
accessible
○
That
profit
incentivizes
firms
to
innovate
and
increase
welfare
is
nearly
invisible!
●
Potentially
enforces
by
our
news
environment:
○
Scandals
sell,
negativity
sells
Gartenberg,
C.,
Prat,
A.,
and
Serafeim,
G.
(2019).
Corporate
purpose
and
financial
performance.
Organization
Science
,
30(1),
1-18.
Lecture
2:
Concepts
of
CSR
&
Corporate
Purpose
Timeline
1920s
-
1950s
:
Beginnings
of
CSR
(after
great
depression
and
WW
II)
1953
:
Modern
CSR
(Howard
R.
Bowen
→
father
of
CSR)
1960s
-
1970s
:
CSR
Evolves
(socially
conscious
motivations.
Milton
Friedman)
1970s
:
CSP
and
CFS
(corporate
social
performance
linked
with
financial
performance)
1980s
:
Ethical
and
Stakeholder
Theories
(including
broader
range
of
stakeholders)
1990s
to
2000s
:
Globalization,
Accountability,
and
Integration
(Triple
Bottom
Line,
Corporate
Citizenship)
2010s
:
Sustainable
Development
Goals
(CSR
integrated
with
business
strategy)
2020s
:
The
Decade
of
Action
(consumer
demand,
climate
change
central
issue) Corporate
Social
Responsibility
(CSR)
CSR
can
include
:
employee
welfare,
community
programs,
charitable
donations,
environmental
protection.
Related
concepts
and
synonyms:
Sustainability,
corporate
citizenship,
philanthropy,
ESG,
Stakeholder
engagement,
Triple
Bottom
Line
Terms
and
definitions
Many
dimensions
of
sustainability:
●
Stakeholder
perspective
●
Economic
dimensions,
environmental
dimension,
social
dimension
●
Voluntariness
dimensions
●
Business
Horizon
&
Intergenerational
dimension
●
Impact
vs
exposure
perspective
Corporate
Citizenship
Companies
are
responsible
for
contributing
to
the
communities
in
which
they
operate,
including
environmental
stewardship
and
social
responsibility.
Companies
must
comply
with
laws
and
regulations
and
pay
taxes.
Governments
provide
the
legal
foundations.
The
Pyramid
of
CSR
Tension:
●
Resources
spend
on
legal,
ethical
or
philanthropic
purpose
detract
from
profitability
●
Ordering
of
stakeholder
priorities
Triple
Bottom
Line
(TBL)
Management
concept
that
aims
to
measure
the
financial,
social
and
environmental
performance
of
the
corporation.
Only
a
company
that
produces
a
TBL
is
taking
account
of
the
full
cost
involved
in
doing
business Goal
●
Manage
economic
-
not
just
financial
value
added
/
destroyed
●
Provoke
to
rethink
capitalism
Recall:
●
One
of
many
frameworks,
not
just
accounting
tool
●
Unclear
whether
TBL
aggregation
and
analysis
helps
decision-takers
and
policy
makers
to
track
impact
Who
should
provide
activities
for
sustainable
development?
Arguments
to
consider:
●
Conflicts
regarding
“business
purpose”
●
Intrinsic
motivation
●
Competence
/
knowledge
●
Potential
impact
●
Prevention
or
fixing
of
problematic
outcomes
●
Crowding
out
Collaborative
effort
●
Legal
framework,
enforcement,
infrastructure
(Governments)
●
Innovation,
implementation,
investments
(Private
sector)
●
Awareness,
expertise,
research
(Non-governmental
organizations)
EU
perspective
From
a
normative
view:
should
companies
engage
in
CSR
activities
and
what
decisions
should
managers
take
regarding
CSR? CSR:
a
business
model
(strategy)
that
affects
organizational
processes
and
company
culture.
Broad
Societal
and
Environmental
Focus:
Goes
beyond
financial
materiality
to
address
the
wider
effects
of
a
company’s
operations
on
society
and
the
environment.
Value
Creation:
Looks
at
both
positive
and
negative
impacts,
like
community
development
or
environmental
degradation,
and
how
the
company
contributes
to
or
mitigates
these
impacts.
Stakeholder-Centric:
Considers
the
interests
and
well-being
of
a
broad
set
of
stakeholders,
including
local
communities,
employees,
and
the
ecosystem.
Example
:
A
company
reports
on
how
its
water
usage
and
conservation
efforts
affect
local
communities'
access
to
clean
water.
ESG:
a
model
used
by
investors
to
examine
the
sustainability
of
a
company
including
a
set
of
(quantifiable)
criteria.
Financial
Materiality
Focus
:
Highlights
how
environmental,
social,
and
governance
(ESG)
issues
present
risks
and
opportunities
to
the
firm’s
financial
performance.
Risk
Management
:
Involves
identifying
and
reporting
on
ESG
factors
that
could
affect
the
company's
bottom
line,
such
as
regulatory
risks,
reputational
risks,
or
operational
risks.
Investor-Centric
:
Tailored
to
the
information
needs
of
investors
who
use
ESG
data
to
assess
potential
financial
impacts
on
their
investments.
Example
:
A
company
discloses
its
carbon
emissions
in
the
context
of
potential
carbon
taxes
and
their
impact
on
profitability.
Corporate
purpose
-
Question
of
accountability
●
In
the
1930s:
Berle
vs.
Dodd
Debate
●
Berle’s
shareholder
primacy
emphasizes
managers
(legal)
fiduciary
duty
towards
shareholders
○
Investors
invest
their
own
funds
into
a
firm.
○
Investors
should
get
the
returns
that
this
money
generates.
●
Dodd
views
corporation
as
economic
institution
with
a
social
service
as
well
as
a
profit-making
function
○
Corporations
embedded
in
society
and
environment
(stakeholder
theory)
○
Corporations
profit
from
society
and
environment
and
need
to
give
something
back
○
Corporations
receive
a
license
to
operate
from
society
(legitimacy
theory)
○
Corporations’
actions’
impact
societies
beyond
profit
generation
(“externalities”)
Shareholder
primacy
view
Main
principle
•
Profit
maximization
Argumentation
•
Shareholders
as
company
owners
should
decide
what
to
do
(to
do
good)
with
their
share
of
company
profits.

CA$9.18

Also available in package deal from CA$14.77

Added

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Also available in package deal (1)

Exam prep. Corporate Sustainability (323102-M-6)

CA$ 18.20 CA$ 14.77 2 items

1. Summary - Summary corporate sustainability (323102-m-6) - 2024
2. Summary - Key topics corporate sustainability (323102-m-6)
Show more

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AccUVT. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$9.18. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

40274 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling