Making Sustainability Work Best Practices in Managing and Measuring Corporate Social, Environmental and Economic Impacts

ISBN-10: 1576754863

ISBN-13: 9781576754863

Edition: 2008

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Description: In recent years, corporations of all sizes and orientations have become more sensitive to social issues and stakeholder concerns, and they are collectively striving to become better corporate citizens (in some cases, urged on by shareholder pressure or government regulations). The best practices in corporate sustainability are no longer the exclusive domain of companies like Ben & Jerry's or Body Shop as they were a decade ago; now, large, multi-national companies like G.E. and Wal-Mart are leading the way with significant financial and organizational commitments to social and environmental issues. To help managers and academics keep their eye on the ever-moving target of sustainability, award-winning author and academic Marc Epstein's provides an authoritative and comprehensive guide to implementing corporate sustainability initiatives and to measuring both their social and financial impacts.

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Book details

List price: $36.95
Copyright year: 2008
Publisher: Berrett-Koehler Publishers, Incorporated
Publication date: 1/1/2008
Binding: Hardcover
Pages: 288
Size: 6.50" wide x 9.25" long x 0.75" tall
Weight: 1.144
Language: English

Herman B. ("Dutch") Leonard is Professor of Business Administration at the Harvard Business School and the George F. Baker, Jr. Professor of Public Sector Management at Harvard University's John F. Kennedy School of Government. In addition, he serves as faculty co-chair of the HBS Social Enterprise Initiative. He teaches extensively in executive programs at the Business School and the Kennedy School and around the world in the areas of general organizational strategy, governance, performance management, crisis management and leadership, and corporate social responsibility. His work on leadership focuses on innovation, creativity, effective decision-making, and advocacy and persuasion. His current work in leadership and management is focused on the relationships among governance, accountability, and performance, and emphasizes the use of performance management as a tool for enhancing accountability. He has also worked and taught extensively in the area of crisis management and on issues related to corporate social responsibility. Professor Leonard is a member of the Board of Directors of Harvard Pilgrim Health Care, a 900,000-member Massachusetts HMO, of the Hitachi Foundation, and of the ACLU of Massachusetts. He was for a decade a member of the board of directors of the Massachusetts Health and Educational Facilities Authority and of Civic Investments, and was a member of the Massachusetts Commission on Performance Enhancement.

List of cases, figures, and tables
Foreword
Foreword
Preface
Introduction: Improving social and financial performance in global corporations
Why it's important
Managing corporate sustainability
The Corporate Sustainability Model
Background to this book
Making sustainability work
And finally
A new framework for implementing corporate sustainability
What is sustainability?
Identify your stakeholders
Be accountable
Corporate Sustainability Model
Summary
Leadership and strategy for corporate sustainability
Board commitment to sustainability
CEO commitment to sustainability
Leadership and global climate change
Developing a corporate sustainability strategy
Thinking globally
The role of the corporate mission statement
Voluntary standards and codes of conduct
Working with government regulations
Social investors and sustainability indices
Summary
Organizing for Sustainability
The challenge for global corporations
Involve the whole organization
Information flow and a seat at the table
Outsourcing
Philanthropy and collaboration with NGOs
Summary
Costing, capital investments, and the integration of social risk
The capital investment decision process
Capital budgeting in small and medium enterprises
Costs in the decision-making process
Costing systems
Risk assessment
Summary
Performance evaluation and reward systems
Performance evaluation systems
Incentives and rewards
Strategic performance measurement systems
Shareholder value analysis
Summary
The foundations for measuring social, environmental, and economic impacts
The concept of value
Methodologies for measuring social and environmental impacts
Methodologies for measuring social and environmental risks
Summary
Implementing a social, environmental, and economic impact measurement system
Mapping the actions that drive performance
Sustainability performance metrics
Engage with your stakeholders
Measuring reputation
Measuring risk
Measuring social and environmental impacts
Summary
Improving corporate processes, products, and projects for corporate sustainability
Organizational learning: the new battleground?
Improving sustainability performance
Reducing social and environmental impact
Involve the supply chain
Internal reporting
Summary
External sustainability reporting and verification
Global Reporting Initiative
Let everyone know how you're doing
External disclosure of sustainability measures
Verifying sustainability performance and reporting
Internal sustainability audits
External sustainability audits
Summary
The benefits of sustainability for corporations and society
Make sustainability work
Use the Corporate Sustainability Model to improve performance
Create opportunities for innovation
A last word
Endnotes
Bibliography
Index
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