Corporate Sustainability Basics
This refers to meeting present needs without harming future generations.
What is sustainability?
These systems help managers monitor performance and achieve goals.
What are management control systems?
Organizational change usually happens over this period of time.
What is over time (or gradually)?
This type of report shares information about environmental and social performance.
What is a sustainability (or CSR) report?
Corporate sustainability usually includes these three dimensions.
What are economic, social, and environmental?
This type of control involves measuring performance against targets.
What is performance measurement (or diagnostic control)?
This occurs when accounting systems are updated to include environmental measures.
What is management accounting change?
Companies often publish reports to build this with stakeholders.
What is legitimacy (or trust)?
When a company focuses only on profit and ignores environmental impact, it is neglecting this dimension.
What is the environmental dimension?
When managers regularly discuss risks and uncertainties, they are using this type of control.
What is interactive control?
Change can be driven by both internal managers and these outside pressures.
What are external stakeholders (or regulations/society)?
Measuring sustainability performance increases this.
What is accountability?
This happens when companies say they support sustainability but do not change their actions.
What is greenwashing (or symbolic action)?
Clear rules and limits that define unacceptable behavior are known as this.
What are boundaries?
When reporting influences internal systems, this relationship is described as this.
What is interplay?
Too many vague goals can reduce this in a company’s sustainability strategy.
What is focus (or effectiveness)?
Sustainability becomes strategic when it is integrated into this core business element.
What is decision-making (or strategy/operations)?
Embedding sustainability into control systems makes it more this.
What is strategic (or effective)?
Sustainable change requires altering both systems and this human element.
What are values (or behaviors/culture)?
When companies use sustainability reports to guide priorities, set targets, and manage risk, reporting is serving this broader organizational purpose.
What is management control (or strategic control)?