Corporate Sustainability Management: The Art and Science of Managing NonFinancial Performance,Used

Corporate Sustainability Management: The Art and Science of Managing NonFinancial Performance,Used

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Businesses around the world are increasingly turning to an exciting new branch of management known as corporate sustainability management (CSM) to help them better understand and manage their nonfinancial performance.Indeed, what we are witnessing is nothing less than the birth of a new management function. The main pillar of CSM is the Triple Bottom Line (TBL), which has been successful as an organizing principle but a disappointment in practice. This is largely due to the absence of 'sustainability context' in related measurement, management and reporting efforts, when for example the monitoring of a company's use of freshwater resources fails to take into account the size of related supplies.This book is the first to introduce a systematic means of including context in sustainability management and doing effective CSM. After making the case for why context matters, the book explains how to do contextbased CSM by providing a stepwise, cyclical blueprint for how to practice it in any organization. This includes a template for contextbased metrics compatible with the Global Reporting Initiative (GRI), as well as specific examples of metrics for each of the triple bottom lines.Practical examples of best practices are presented throughout, while simultaneously addressing key issues, such as how organizations can measure performance against contextbased standards when consensus for such standards does not yet exist. Appendices include tools for developing and applying contextbased metrics, as well as case studies taken from the practice of contextbased CSM at two companies in the United States.This guide is the essential tool for business and organizational leaders in all sectors committed to improving their sustainability performance, with a particular emphasis on measurement, management and reporting.

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Frequently Asked Questions

  • Q: What is corporate sustainability management? A: Corporate sustainability management (CSM) is a branch of management focused on understanding and managing a company's non-financial performance, particularly regarding its environmental and social impacts.
  • Q: Who is the author of the book 'Corporate Sustainability Management'? A: The book is authored by Mark W. McElroy, who provides insights into effective practices for corporate sustainability.
  • Q: What is the Triple Bottom Line (TBL) in sustainability? A: The Triple Bottom Line (TBL) is an organizing principle in sustainability that emphasizes three dimensions: social, environmental, and economic performance.
  • Q: How does this book help organizations implement context-based sustainability? A: The book introduces a systematic approach for incorporating context into sustainability management, offering a stepwise blueprint and templates for context-based metrics.
  • Q: What kind of examples are included in the book? A: The book includes practical examples of best practices in context-based corporate sustainability management, as well as case studies from two companies in the United States.
  • Q: What is the significance of context in sustainability management? A: Context is crucial in sustainability management as it allows companies to measure their performance relative to relevant environmental and social standards, leading to more effective decision-making.
  • Q: How many pages does the book have? A: The book contains 242 pages, offering comprehensive insights into corporate sustainability management.
  • Q: In what format is 'Corporate Sustainability Management' available? A: The book is available in hardcover format, providing durability for ongoing reference.
  • Q: When was 'Corporate Sustainability Management' published? A: The book was published on October 31, 2011.
  • Q: What key issues does the book address regarding sustainability standards? A: The book addresses how organizations can measure performance against context-based standards, particularly when consensus on such standards is still developing.