A Masterclass in ESG and Sustainability Accounting
What you'll learn
- Understand the structure and reporting requirements of GRI and IFRS (S1 and S2) Sustainability Reporting Standards
- Understand the challenges and risks of modern slavery
- Understand the requirements behind emission trading and carbon management strategies
- Understand the basics of Scope 1, 2 and 3 reporting
- Understand the practices of environmental management accounting
Requirements
- No expertise in accounting reporting needed. You will learn all you need to know.
Description
This course delves into the challenges of sustainable reporting, providing a comprehensive exploration of vital concepts. We initiate our journey by providing an in-depth overview of the current landscape of sustainability reporting practices. Subsequently, we delve into the intricacies of two pivotal frameworks designed to facilitate the establishment of an ESG (Environmental, Social, and Governance) reporting system.
The first framework, the Global Reporting Initiative (GRI), places a strong emphasis on a multi-stakeholder approach, ensuring a holistic perspective. The second framework revolves around the International Financial Reporting Standards (IFRS) S1 and S2, tailored to cater primarily to investor stakeholders' interests.
Our exploration extends to both the external and internal facets of ESG reporting, encompassing environmental, social, and governance dimensions of sustainability management. We take a deep dive into issues like modern slavery, examining its relevance to firms and supply chains, especially in the context of developing economies. Furthermore, we scrutinize the implications of the ESG reporting insights for the assurance function.
The course proceeds to tackle significant topics such as the carbon tax, emissions trading, and the reporting of Scope 3 emissions. Finally, we delve into the strategies for integrating this crucial information into decision-making processes within an organization, with a particular focus on the measurement and allocation of costs in the realm of sustainability management accounting. We finally provide a brief insight into where manufacturing is concerning sustainability management and the adoption of AI.
Who this course is for:
- For accountants, business people and consultants who want to move into the sustainability field
Instructor
- 4.4 Instructor Rating
- 187 Reviews
- 998 Students
- 5 Courses
Dr. Neale G O'Connor is an Accounting Professor and Founder of Ricebox - China Strategy Research.
Dr. Neale O’Connor is one of the foremost experts on technology and innovation in manufacturing in China. His speaking engagements and executive programs are in demand from international and mainland China managers. Neale has spent 18 years in Hong Kong where he researched the modernization processes of Chinese firms, examining issues such as performance measurement, order qualification, and trust. His 'China 1000' project (Chinasupplier1000) is the largest ever survey of operational risk issues for foreign buyers and Chinese suppliers. In 2016-17, he followed this up with 1000 more supplier interviews and video documented the challenges and responses of over 100 IOT startups (YouTube – Tech Asia). Most recently he has been undertaking factory quality audits for multinational clients and advising on operational and marketing improvements.
Neale is also a Cofounder of China Sourcing Academy a complete training system for professional buyers seeking to source from China. He is also a member of the CIMA Research Board of Directors (U.K.) and a Corporate Social Responsibility judge for the HKMA Financial Reporting Awards.
Neale is the author of The China Casebook on Operational Risk, and The Management Control of MNCs in China. Neale has developed corporate business cases for a number of large multinational companies including HTC, PQI, Philips, Delphi, and Alpharma. His cases are used extensively around the world. Based on publications, citations and research grants, he is one of the leading management accounting researchers in Asia.
He has previously taught at Hong Kong Baptist University, City University of Hong Kong, The University of Hong Kong and The National University of Singapore. He has worked in the Petroleum and Insurance industries as well as an Accountant.