The latest jargon around corporate offices is sustainability, isn’t it? What profits of yours are sustainable? What energy have you derived from your strategies, from your initiatives? Or what have you lost by interacting with the government, with the competition? What does a stakeholder got to do in your day-to-day dispensation of practices and policies? What is your position in the corporate world compared to the best? Will you ever be noticed if you better the best? Who is the best? If not you, then who? If not now, when? What is sustainable of your efficiency? Of your values? Of your profits? What values distinguish between what is valuable and valueless? What abstractions are brought into reality, acknowledged for value where value is due, and deconstructed the valueless? Continue reading →
UN Global Compact defines Corporate sustainability as a company’s delivery of long-term value in financial, social, environmental and ethical terms. It is about 10 years since it has brought out the 10 Principles covering four issue areas of the UN Global Compact – Human Rights, Labour, Environment, Anti-Corruption – but it endeavors to go beyond these to encompass additional sustainability priorities such as – “Broader UN Goals and Issues” referring to an array of global issues – based on the most acute or chronic global challenges – including Peace & Security; the Millennium Development Goals; Human Rights; Children’s Rights; Gender Equality; Health; Education; Humanitarian Assistance; Migration; Food Security; Sustainable Ecosystems and Biodiversity; Climate Change Mitigation and Adaptation; Water Security and Sanitation; Employment and Decent Working Conditions; and Anti-Corruption.i
This is my comment submitted on the Article: CSR 2.0 Competitive Advantage for the Future, by Alberto Andreu Pinillos, Global Director of Reputation, CSR, Brand and Sustainability, Telefnica SA.,
Thanks to Alberto for having sent me his paper titled CSR 2.0 Competitive Advantage for the Future that was originally presented by him at for the annual Reputation institute seminar, 5 May 2010, Institute of Directors, London. He has raised important questions and offered solutions for a competitive advantage for the future with a proposal CSR 2.0. I am pleased to comment on the same with the extract from his paper followed by my comments in blockquote following. This blog is in its entirety devoted to my theory of Inactivity Based Cost Management [IBCM] that I have authored with a sub-title Measurement of Intangible: Governance, Ethical & Fiscal Responsibility and Accountability, where every one of these terms including Intangible is defined and buttonholed. So my comments indicated as IBCM will have the perspective of Alberto’s paper analyzed.
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Resources of an entire nation is handed over to the management of Corporate or duly elected representatives of the Government who collectively have the Fiscal Responsibility to report back to the owners. It is the Ethical Responsibility of the people therefore to ask for and get the Public Reporting on the management of the resources from the Fiscal Responsibility group, be it Corporate or Government in every field of activity be it Agriculture or Space exploration.
Free enterprise is an expression of freedom, whereas Ethical Responsibility is an expression of liberty, that threshold values emanate to bridge Ethical and Fiscal Responsibility.’ This blog recommends in areas of Ethical Responsibility, from the viewpoint of expression stated herein. `Ask for & get it.’ is not an easy. People have to take the journey a long and hazardous one. Continue reading →
Given below is the extract from IASB on Hedge Accounting inviting comments on the Exposure Draft before the same is released as a Standard. It is a good opportunity, possibly the last, to look at the corrective steps needed in this field that has played havoc to the detriment of World and US Economy. Please download the given Exposure Draft and please send your comments directly.
Vacuum is a space empty of matter, but cannot be explained without matter surrounding it. Antimatter is explained as antiparticle within matter and outside of it cannot be even thought about. Non-existence is relative to existence. All of them are in the same plane – matter. This is the law of nature. This is a concrete state where matter predominates and in a gross level of existence. ‘Existence’ is a matter connected to the tangible world of WYSIWYG. A nano-second before the big bang is impossible to imagine with the limitation set for our human mind, to describe what is nothingness beyond matter. Matter in its form of galaxies, stars and planets are said to add up to only 4% and the balance is made up of dark matter [23%] and dark energy [73%]. The Earth truly is in a state of non-existence. Continue reading →