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CCGC hosts panel on ‘Sustainability Accounting – A Paradigm Shift in Management Thought’ on August 23

Discussing existing practices of social and environmental reporting, the panellists suggest the way forward

24 August, 2017, Bengaluru: The Centre for Corporate Governance and Citizenship (CCGC) at Indian Institute of Management Bangalore (IIMB), as part of its Leaderspeak Dialogue Series, hosted a panel discussion on ‘Sustainability Accounting – A Paradigm Shift in Management Thought’ on August 23 (Wednesday), 2017.

Moderated by IIMB faculty members Professor Vasanthi Srinivasan from the Organizational Behaviour & Human Resources Management area and Professor P D Jose from the Strategy area, the panel discussion covered critical areas in the discipline – that of Sustainability Accounting and Social Value.

It is a well-known fact that a higher cost to planet Earth does not translate to a higher cost to the customer. Businesses are rarely obliged to pay the full toll that the operations have on the planet. Even though Fair Trade practices are gaining ground, customers are rarely ready to pay a higher cost, if we were to add a social or environment cost to the product. This is where value creation becomes central in decision making, whether it is for Corporate Strategy or Policy Intervention by the Government, and the dovetailing of Sustainability Accounting in this process.

With this as the background, the panel explored ways to measure social impact and social value – how we get to know that all we do for social impact is actually adding value and how this value translates in terms of transformation, from a sustainable development goal perspective.

The panel included Jeremy Nicholls, CEO, Social Value UK and Social Value International; Santhosh Jayaram, Partner & Head – Sustainability and CSR Advisory, KPMG; Sandeep Shrivastava, Vice President and Head – Environment & Sustainability, Ambuja Cement, and P.S. Narayan, Vice President and Head – Sustainability and Social ....

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Source : www.iimb.ac.in