上海财大ACCA--F1讲义2.pptVIP

10 Environmental factors 10.1 Significance of environmental effects 10.2 Impact on environment of economic activities Environmental footprint is the impact that a business’s activities have upon the environment including its resource environment and pollution emissions. Depletion of natural resources Noise and aesthetic impacts Residual air and water emissions Long-term waste disposal Uncompensated health effects Change in the local quality of life 10.3 Impact on organisation of environmental costs Direct or indirect environmental costs Waste management Remediation costs or expenses Compliance costs Permit fees Environmental training Environmentally driven research and development Environmentally related maintenance Legal costs and fines Environmental assurance bonds Environmental certification and labelling Natural resource inputs Record keeping and reporting Contingent or intangible environmental costs Uncertain future remediation or compensation costs Risk posed by future regulatory changes Product quality Employee health and safety Environmental knowledge assets Sustainability of raw material inputs Risk of impaired assets Public / customer perception 10.4 Social impacts of activities 10.4.1 Stakeholder expectations Increasing expectations of stakeholders 10.4.2 Reputation risk Increasingly a business must have the reputation of being a responsible business that enhances long-term shareholder value by addressing the needs of its stakeholders. 10.5 Corporate social responsibility and risk management Sustainability can be approached from a perspective of risk management, seeing corporate responsibility issues as providing opportunities as well as dangers Understanding the present Envisioning the future Planning the journey Planning and building Execution Review and revision Reporting and communicating Assuring internally Assure externally 11 Competitive forces 11.1 SWOT analysis 11.1.1 Internal appraisal: strengths and weaknesses Strengths should be exploited by