1. Towards social accounting Presented by Aadil Lakdawalla Nicholas Maddams IP 3: Business Ethics 30 Sept 2004

2. Triple bottom line What is the triple bottom line? The measurement and reporting of: Economic value add Social value add Environmental value add

3. ‘Earthquakes’ Society Economy Environment Triple Bottom Line helps in preventing corporate ‘earthquakes’ Source: www.sustainability.com

4. Mr. Ethicist’s view It is not unethical to engage in socially beneficial activities for primarily financial reasons

5. Rise of corporate governance Corporate collapses Competitive environment Availability of information Increase of institutional investors Stock exchange and ratings agencies Widening of the stakeholder circles

6. ‘Best practice’ model Source: Ernst & Young

7. Stakeholder impact Stakeholder potential threat to organization Stakeholder potential for cooperation with organization High Low High Low High Collaborate Involve DefendMonitor Source: University of Utah

8. Thank You Questions ?