CategoryStandards & Reporting

ISO standard on social responsibility

The International Organization for Standardization (ISO) is developing an international standard on social responsibility (ISO 26000). The voluntary standard will augment existing public and private initiatives and help organizations address their social responsibilities by:  Developing an international consensus on what SR means and the SR issues that organizations need to address, Providing guidelines on translating…

A Makeover for Business Reporting

The manner in which companies report their performance is getting a makeover. Don’t worry, the familiar financial reporting – balance sheets, income statements, footnotes, et al. – is still there. Increasingly, companies are supplementing their financial reports with non-financial information. It’s commonly referred to as “Triple Bottom Line” reporting because it encompasses economic, social and…