Acc 310 Sustainability Report

2598 words - 11 pages

ACC 310 Fall 2013 – Case #1 Due Date – October 22, 2013, 1:30 pm
An introduction to the Global Reporting Initiative (GRI) and sustainability reporting The Sustainability Initiative at NC State was started through the endowed gift of Lonnie Poole. As part of the Initiative we are examining sustainability issues throughout the curriculum. For accountants one of the most important issues of sustainability is reporting information to stakeholders. Just as we are learning about financial reporting in Intermediate Financial Accounting we also want to learn about sustainability reporting.
The purpose of this case is to make you aware of sustainability reporting and sustainability reports. ...view middle of the document...

The overall learning objectives are to:
1. Obtain a company’s sustainability report.
2. Be able to read and understand the company’s sustainability report.
3. Understand the impact of various indicators often included in a sustainability report.
4. Compare and contrast the principles underlying financial reporting and sustainability reporting.
5. Better understand the contributions the accounting profession can make to sustainable business practices.
6. Demonstrate how the issues around sustainability are being addressed by companies and how working on these issues can help to mitigate risk, improve operations and/or create revenue.

Required Answer the following questions about your company’s sustainability report:

1. Why is the company producing a sustainability report?
As one of the leading companies in providing sustainable resources to the community, Weyerhaeuser has a commitment to proving its own sustainability by setting the proper goals and properly reporting its progress towards them. By developing a plan and reporting the results, Weyerhaeuser is showing its capability of providing short term results along with long term prosperity. In 2010, Weyerhaeuser implemented a plan to be fully achieved by 2020, with annual results being recording in each sustainability report.

2. How many years has the company produced a separate sustainability report? Under what guidelines is the report prepared (G1, G2, G3, or G4)? What are the major differences between these guidelines?
Weyerhaeuser has been producing a separate sustainability report since 2002 when they began to follow the recommended guidelines provided by the Global Reporting Initiative (GRI). However, their 2004 report was the first one checked by the GRI (in 2005), therefore the 2011 report is the sixth report produced using the G3 guidelines.

3. How does the company define sustainability? Is this consistent with your definition of sustainability? Why or why not?
Weyerhaeuser defines sustainability as, “focusing on the critical factors that will ensure our success, not just in the short term, but for decades to come. Sustainability should be, quite simply, the way we do business”. These critical factors are discussed below and include performance, people and planet. This definition and inclusion of the three critical areas is consistent with my definition of sustainability because it explains the company’s commitment to specific economic, environmental and social goals. I also believe the three critical areas identified by Weyerhaeuser are worthy for their nature of business and cover the criteria to be a sustainable company.

4. Who takes responsibility for the sustainability report (CEO, Board of Directors, Chief Sustainability Officer, ???). Does the company integrate sustainability into its corporate strategy and/or financial reporting?
Many individuals are responsible for the sustainability report Weyerhaeuser. These individuals...

Other Essays Like Acc 310 Sustainability Report

Harvard Reference Essay

5382 words - 22 pages ...................................................................................................................................................................................................................... 26 Magazine article, no author, ................................................................................................................................................................................................... 26 Annual report, print

Accounting Essay

2684 words - 11 pages ) | | |Total |Comp. Income |Preferred Shares |Common Shares |Contr. Surplus |Retained Earnings|Acc. Other | | | | | | | | |Comp. Inc

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has

The Versatility And Flexibility Of OLED's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages Throughout history, animals have been used in experiments to test product safety and obtain medical knowledge that benefits both humans and animals alike. Every year there are numerous medical breakthroughs, such as medications and surgical instruments, which are tested on animals to insure their safety before they are deemed acceptable for human use. Even though the results of the experiments saved millions of human lives, they are also

Education And The Evolving Job Market

2363 words - 10 pages The lives of students today are changing. They are preparing for lives and jobs that have never before existed. If teachers hope to have a significant and worthwhile impact on these quickly changing lives, they must change the way they think, prepare, and instruct our future generations. Children cannot afford to have teachers who remain stagnant in their methods and ideals. Students crave instructors that are willing to allow them to tap

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages Obeying by the natural law theory is the only true and moral way to live life; especially a life lived in God’s image. God’s presence is a guiding factor to obtaining a moral and virtuous life, which can only be obtained by following the natural law theory. God created a set of laws as a supreme guide for humans to live life, like any law these laws were created to ensure wellbeing for everyone. The laws he created are the civil law, the natural

Related Papers

Corporate Social Reporting: A Tool To Discharge Corporate Accountability Or To Enhance Managerial Capture?

2697 words - 11 pages compliance to these aspects is by producing sustainability reports, which are made available to the public. Sustainability reports, which can also be referred to as Corporate Social Reporting, is a report that shows how a corporation is complying to economic, environmental and societal issues in which it is active. World Business Council for Sustainability Development (WBCSD) established the current and mainly adopted definition for CSR, which states

Proton Case Study

2099 words - 9 pages ACC 4291 INTEGRATED CASE STUDY SECTION 1 CASE REPORT CASE 3: PROTON – FROM SAGAT TO EXORA LECTURER : Prof. Dr. Shamsul Nahar MEMBERS : Abdul Kudus bin Abdul Muthalib (0930395) Yazlin Mohamed Yusof (0920890) Nurfazlina bt Mohd Jaffar Sadique (1029088) Question 1 From a financial analyst perspective, has the proton management done a good job? Based on the financial performance of PROTON from 2005 till 2009, our observation from a

Environmental Management Accounting As A Strategy For


Whole Foods Market, Inc. Financial Analysis

5731 words - 23 pages setting standards of excellence for all food retailers. They are a mission driven frontrunner in the quality food business, and the concept has grown to a state of mind for the dynamic market leader. The company also promotes a vision of sustainability: creating a future for our children and grandchildren that will be living in a world that values human creativity, diversity, and individual choice. Their higher purpose is embracing responsibility in a