Sustainability Initiatives for Business Development
22 Pages5365 Words87 Views
Added on 2021-06-18
Sustainability Initiatives for Business Development
Added on 2021-06-18
ShareRelated Documents
Business Proposal 1APPLICATION OF ACCOUNTING AND ECONOMIC RESEARCH TOWARDSSUSTAINABILITY INITIATIVENameInstitutionCourseTutorCity/StateDate
Business Proposal 2Table of Contents1.0.Introduction to the Research.................................................................................................31.1.Introduction of the Research topic....................................................................................31.2.Problem to be solved by the study....................................................................................42.0.Theoretical Background and Literature Review...................................................................92.1.Why Sustainability Initiative?...........................................................................................92.2.Sustainability initiatives for business development........................................................102.3.Sustainability measurement and indicators.....................................................................112.4.Economic, environmental, social and integrated Accounting indicators........................123.0.Research Design and Methodology....................................................................................143.1.How data will be used.....................................................................................................143.2.Data Collection...............................................................................................................153.3.Justification of the research strategy...............................................................................163.4.Data Analysis and Interpretation.....................................................................................173.5.Expected Challenges.......................................................................................................174.0.List of References...............................................................................................................19
Business Proposal 3Executive SummaryIn the current business environment, care is given to how the business benefits the environmentand the community instead of only considering the profit making. The society and environmentare also considered in the process. As companies’ benefits from various facets of businessdevelopment such as economic progress and advancement in technology, they often facecriticism on the environmental and societal challenges they create. This study will employqualitative and quantitative study methods to understand the application of accounting andeconomic research towards sustainability initiative.1.0.Introduction to the Research1.1.Introduction of the Research topicIn the current business industry, sustainable management and development has taken the center stage of organizational success. In a systematic study, Lee, Fraser, and Fillis (2018) denote that small and large scale organizations are not only focused on the success of their businesses. Care is also given to how the business benefits the environment and the community. In other words, focus is given not only on profit making but the society and environment are also considered. In another study, Essig (2018) denotes that even though companies’ benefits from various facets of business development such as economic progress and advancement in technology, they often face criticism on the environmental and societal challenges they create. It is referred to as a triplebottom line concept involving the environment, economy, and the society. These aspects often translate to people, profit, and planet. As a result, most organizations can no longer focus only on
Business Proposal 4financial gains as the achievement without considering the impacts it can pose on the environment. 1.2.Problem to be solved by the studyAccording to Choi and Ng (2011), most organizations have negative impacts on the environmentin a level that varies from one company to another depending on the product or services the company offers. The same study denotes that the ruthless and continuous depletion of the naturalresources as well as the exploration of the societies where they are located and operates in generating their revenue results to negative sentiments from the stakeholders. When not considered or managed, there is high possibility that the organization can be dismissed and operations brought to a standstill. In other words, these organizations are currently forced to find ways or adopt strategies that can help in mitigating the impacts. This has resulted into the adoption of more environmentally related strategies to mitigate these impacts. In many cases, these initiatives are communicated though sustainability as pointed out by Swaim, Maloni, Napshin, and Henley (2014, p. 45). Even though concern is given to the environment, many organizations fail to financially support the procedures and steps required to achieve financial support towards achieving the required level of sustainability. As a result, most organizations either fails to start or do not go through to the end once the necessary strategies are adopted. In a systematic study, Essig (2018) denotes that there are several reasons why failure occurs at this level irrespective of how good are the strategic objectives adopted for the process. Therefore, this study is focused on the need of economic and accounting research necessary to achieve effective sustainability initiatives. 1.3. Structure of Justification of the Proposal
Business Proposal 5The current business environment is complex and competitive. With advancement in technology,change in the consumer preferences, issues related to environmental and societal concerns, andsustainability efficiency, Sanders, Myers, Gawron, Simmons, and Turok (2018) denote thatcompanies are currently adopting policies that will ensure they remain competitive and effectivein the market. The same study denotes that organizations are more focused on tracking socialdevelopment initiatives with the aim of achieving different goals. For instance, focus is given toenhance the ability of tracking progress against objectives and set targets, and developing greaterawareness of broad issues towards environment. Luthra, S, Mangla, S, Chan, F, & Venkatesh(2018) also denotes that it ensures it meets the compliance requirements towards the governanceof the its license of operation. They are also focused on enhancing their reputation, identify costeffectiveness, improve the workplace and the moral of the staff, as well as achieving an all-roundcredibility from greater transparency as pointed out by Zerbini (2017, p. 90) Despite these efforts, full consequences to conduct business is not reflected in the financialstatements and accounting reports for most organizations. Corbett, Webster, and Jenkin (2018)identifies that in many cases, organizations are measuring the level of their success and profitmaking by excluding the bulk of transactional costs from the environmental and social aspects.At the same time, Unerman (2018) points out that the existing limitations on financial reportingmethodologies and frameworks in the societal and environmental transactions are not clearlyunderstood. It is because they are inadequately identified or even not reported in a consistentframework in case it is reported. Therefore, there is a need for effective study and analysis on thenecessary accounting and economic research in ensuring organizations achieve effectivesustainability initiatives. This hence forms the basis for the justification of this study. 1.4.Problem and Research Objectives
Business Proposal 6The main aim of the study is to evaluate and have a clear understanding on the concept of sustainability initiatives adopted by large scale organizations in respect to accounting and economic research therein. To achieve this aim, the study will focus on the following objectives;To investigate the different sustainability initiatives adopted by large scale organizationsTo evaluate the understanding of the management and other stakeholders on the need of accounting and economic research towards sustainability strategies within their respective organizations.To establish an effective role of accounting and economic research in pursuing the UnitedNations Sustainability Development Goals. To establish a clear framework for effective understanding of sustainable developmentTo outline recommendations that should be taken in adopting sustainability accounting indifferent organizations. 1.5.Research QuestionsIn respect to the above objectives, the study will focus on answering the following questions;What is the level of understanding of the management of different organizations in the general concept of accounting and economic research?What are the sustainability initiatives adopted by the organizations?What are the accounting and economic reports adopted by organizations towards sustainability?1.6.Hypothesis of the Study
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Impact of accounting information System Assignmentlg...
|21
|5206
|21
Corporate Social Responsibility and Organizational Performance: A Case Study of Shell, UKlg...
|8
|2030
|374
Sustainable Operations and Destinationslg...
|10
|2060
|169
Contemporary Accounting Theory Assignment 2022lg...
|15
|3312
|22
Environmental Disclosure in Annual Report of Energy Companieslg...
|32
|8623
|98
(PDF) Target Market Analysislg...
|8
|3004
|34