M1 AEI IB & SGB - SUSTAINABLE
DEVELOPMENT
Microeconomic
Sustainability:
the corporate
assessment
tools
christelle.garrouste@u-pec.fr
Sustainable
Development
Course Outline
LECTURE 6 28/10/2022
Introduction
Macroeconomic Sustainability:
the SDGs
Microeconomic Sustainability: the
corporate assessment tools
Sustainable
Development
Course Outline
LECTURE 6 28/10/2022
Introduction
Macroeconomic Sustainability:
the SDGs (Lectures 4 & 5: see
Tutorial video)
Microeconomic Sustainability: the
corporate assessment tools
Sustainable
Development
Course Outline
LECTURE 6 28/10/2022
Introduction
Macroeconomic Sustainability:
the SDGs
Microeconomic Sustainability:
the corporate assessment tools
Sustainable
Development
Course Outline
Microeconomic Sustainability:
the corporate assessment tools
CSR: corporate social
responsibility (Lecture 6)
SRI, ESG and Green finance
(Lecture 7)
LECTURE 6 28/10/2022
What is
CSR?
Corporate Social
Responsibility
CSR is a management concept.
Companies integrate social and
environmental concerns in their
business operations and
interactions with their
stakeholders.
What is
CSR?
Corporate Social
Responsibility
CSR is generally understood as
being the way through which a
company achieves a balance of
economic, environmental and
social imperatives, ...
while at the same time
addressing the expectations of
shareholders and stakeholders =
“Triple-Bottom-Line-Approach”
What is the
“Triple-BottomLine-Approach”
(TBL)?
The TBL approach is used as a
framework for measuring and
reporting corporate
performance against economic,
social and environmental
performance.
It is an attempt to align private
enterprises to the goal of
sustainable global development
by providing them with a more
comprehensive set of working
objectives than just profit alone.
What is the
“Triple-BottomLine-Approach”
(TBL)?
The perspective taken is that for
an organization to be
sustainable, it must
1. be financially secure
2. minimize (or ideally eliminate)
its negative environmental
impacts and
3. act in conformity with societal
expectations
What is
CSR?
Corporate Social
Responsibility
ENVIRONMENTAL
PERFORMANCE
Environmental management
Eco-efficiency
Responsible sourcing
SOCIETAL
PERFORMANCE
Stakeholder engagement
Labor standards and working
conditions
Employee and community relations
Social equity
Gender balance
Human rights
Good governance
Anti-corruption measures
KEY CSR
TARGETS
ECONOMIC
PERFORMANCE
Enhanced access to capital and
markets
Increased sales and profits
Operational cost savings
Improved productivity and quality
Efficient human resource base
Improved brand image and
reputation
Enhanced customer loyalty
Better decision making
Risk management processes
https://youtu.be/E0NkGtNU_9w
ADVANTAGES
OF A PROPERLY
IMPLEMENTED
CSR STRATEGY
NOW, HOW
WE ASSESS
CSR ?
1. BY ASSESSING
EFFORTS MADE IN CSR:
ISO 26000 (social responsibility) => not certifying
ISO 14001:2015 (Environmental management) =>
certifying
2. BY MEASURING CSR’S
IMPACT AND ROI:
Set goals – Organizations must make short- and long-term
goals to generate benchmarks for success and measurable
key performance indicators (KPIs).
Calculate Value – Use a formula to measure the social
return on investment, such as the impact multiple of money
metric, which builds on the concept of social return on
investment and breaks down this calculation into six steps.
Track Results – Collect data so you can get insights into
whether the program is meeting your CSR objectives, as
well as inform your team how to make refinements moving
forward.
Assess the employee retention = internal impact evaluation.
Sustainable
Development
Course Outline
Microeconomic Sustainability:
the corporate assessment tools
CSR: corporate social
responsibility (Lecture 6)
SRI, ESG and Green finance
(Lecture 7)
LECTURE 7 4/11/2022