Exploring Non-Financial Sustainability Performance
What you'll learn
- Explore the overall concept of environmental, ethical, social and governance (EESG) sustainability performance.
- Explore environmental, ethical, governance, and social sustainability performance and its KPIs.
- Explore environmental, ethical, governance, and social reporting, auditing, and assurance.
- Explore the relationship between EESG performance and firm value.
Requirements
- No Advanced Preparation or Prerequisites are needed for this course, but completion of the other courses in this series will be helpful.
Description
In the previous course we examine financial/quantitative economic sustainability performance (ESP). In this course, we discuss non-financial/qualitative environmental, ethical, social, and governance (EESG) sustainability performance, better known as corporate social responsibility (CSR).
Corporate social responsibility is considered an integral component of non-financial corporate sustainability performance. EESG activities can be viewed as activities that contribute to shareholder value creation or regarded as costly activities with a cost that is immediate and tangible and related benefits which may not materialize in the short-term and are often non-measurable. EESG activities are typically considered externalities beyond activities relevant to financial/economic sustainability performance and which can be viewed positively or negatively by shareholders.
Examples of positive externalities are diversity and independence of the board of directors, majority voting by shareholders, executive compensation linked to performance based on “say on pay” and “pay for performance” as part of corporate governance effectiveness, environmental initiatives regarding climate change and greenhouse gas emissions, high-quality and safe products, customer satisfaction, ethical workplaces, job creation and fair employment.
Examples of negative externalities are excessive risk-taking by executives, natural resource depletion, pollution, aggressive management and human rights abuses, child-labor, corruption, money laundering.
Learning Objectives
Explore the overall concept of environmental, ethical, social and governance (EESG) sustainability performance.
Explore environmental, ethical, governance, and social sustainability performance and its KPIs.
Explore environmental, ethical, governance, and social reporting, auditing, and assurance.
Explore the relationship between EESG performance and firm value.
Who this course is for:
- Anyone interested in Finance, Accounting, Business Management or related fields.
Instructors
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Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
- 4.1 Instructor Rating
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Zabi Rezaee is the Thompson-Hill Chair of Excellence, PhD coordinator and Professor of Accountancy at the University of Memphis and has served a two-year term on the Standing Advisory Group (SAG) of the Public Company Accounting Oversight Board (PCAOB). He received his BS degree from the Iranian Institute of Advanced Accounting, his MBA from Tarleton State University in Texas, and his PhD from the University of Mississippi. Dr. Rezaee holds ten certifications, including Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Certified Government Financial Manager (CGFM), Certified Sarbanes-Oxley Professional (CSOXP), Certified Corporate Governance Professional (CGOVP), Certified Governance Risk Compliance Professional (CGRCP), Chartered Global Management Accountant (CGMA) and Certified Risk Management Assurance (CRMA). He served as the 2012-2014 secretary of the Forensic & Investigative Accounting (FIA) Section of the AAA and is currently serving on Auditing Standards Committee of the Auditing Section of the AAA.
Professor Rezaee has published over 215 articles and made more than 220 presentations and 11 book chapters. He has also published nine books: Financial Institutions, Valuations, Mergers, and Acquisitions: The Fair Value Approach; Financial Statement Fraud: Prevention and Detection; U.S. Master Auditing Guide 3rd edition; Audit Committee Oversight Effectiveness Post-Sarbanes-Oxley Act; Corporate Governance Post-Sarbanes-Oxley: Regulations, Requirements, and Integrated Processes; Corporate Governance and Business Ethics; Financial Services Firms: Governance, Regulations, Valuations, Mergers and Acquisitions, and contributed to several other books. His recent book, Corporate Sustainability: Integrating Performance and Reporting, published in November 2012, won the 2013 Axiom Gold Award in the category of Business Ethics. His new book, entitled Business Sustainability: Performance, Compliance, Accountability, and Integrated Reporting, was published in October 2015 by Greenleaf Publishing. Several of these books have been translated into other languages including Chinese, Iranian, Korean, and Spanish.