Implementing Sustainability Strategies through Balanced Scorecard

Accounting
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Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................3
Reference....................................................................................................................................8

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Introduction
An organization that covers all the aspects regarding social, environment and
economic in a report is termed as sustainability reporting. This reporting is being o trend as a
voluntary reporting since last twenty years. Now a days all the organization in developing as
well as developed countries are publishing their voluntary reports. The scarcities that is seen
in the market system is impacted on the market prices. Though social and environment
factors are equally important element in an organization put the effect of its on economic
transaction is of one-fourth size. The skills as well as awareness regarding environment and
social is on the first place of priority list of the organization. Since many organization has
faced problems regarding environment and social issues due to improper management. Many
studies were conducted on the empirical test that refer to the correlation but not to the
connection among environmental as well as social measures along with financial success of
firm.

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Discussion
Balanced score card was developed as a well structure tool to assess the measurement
as well as management. Through this approach the related demand of expectations of
investors is evaluated and gives the best policies to meet the expectations of the investors.
The balanced score card is a blend of both fiscal as well as non- fiscal measurement system.
The main areas are consumer, fiscal, growth as well as internal learning process in business
for framing of work structure. The balanced scorecard has established to be unique of the
additional continuing business administration thoughts of the previous twenty years.
Strategic Management Maturity Model has been developed by the institute of balance
scorecard so that it can evaluate the performance of management as well as measurement. At
individual extreme, dimension-based stable scorecards are simple instrument panel of
performance procedures gathered into groupings that are of attention chiefly to an
administration’s administrators as well as managers. Size-centred scorecards nearly
continuously report on working presentation events, and proposal little planned vision into
the method a group generates worth for its clienteles and additional investors. Maximum
sustainability strategies, counting GRI intelligences, decrease into this group (Kang et al.,
2015).