imported>Doug Williamson |
imported>Doug Williamson |
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| ''Sustainability - metrics.'' | | ''Equality and diversity - UK''. |
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| (EP&L). | | (EHRC). |
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| A financial measure of corporate environmental performance.
| | The Equality and Human Rights Commission is the UK's national equality body established to encourage equality and diversity, eliminate unlawful discrimination, and protect and promote the human rights of all in the UK. |
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| An EP&L is a form of natural capital accounting.
| | The EHRC enforces equality legislation on age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex and sexual orientation. |
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| | | The EHRC's responsibilities were previously undertaken by the separate Commission for Racial Equality (CRE), Disability Rights Commission (DRC) and Equal Opportunities Commission (EOC). |
| It takes explicit account, in monetary terms, of the effects of an organisation's activities on carbon emissions, water use, water pollution, land use, air pollution and waste.
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| By doing so, an EP&L identifies and incorporates the financially quantified effects of actions that have time-lagged impacts - often negative - such as pollution. This type of item is not normally recognised so quickly in traditional financial reporting.
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| The EP&L is measured across an organisation's entire supply chain, as well as the internal operations of the organisation itself. | |
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| :<span style="color:#4B0082">'''''Footprint in supply chain'''''</span>
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| :"Leading sports brand Puma [identified in 2001 that] 94% of their environmental footprint orignated within their supply chain. [This] sparked a reduction in waste and negative externalities as they created systems to achieve new targets."
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| :''Sustainable and Social, Amy Nguyen, September 2020''
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| An EP&L can be a powerful tool to enhance the credibility and effectiveness of an organisation's corporate communications and actions on sustainability.
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| :<span style="color:#4B0082">'''''Positive presentation'''''</span>
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| :"Kering, the luxury fashion group, is a pioneer of the environmental profit and loss, and uses it as a tool across its brands to evaluate in monetary terms its environmental footprint.
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| :The group also analyses different irrigation systems to support sustainable cotton cultivation while securing quality on supply.
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| :What these examples show is that natural capital provides a framework enabling companies to communicate credibly and fulfil their corporate responsibility.
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| :As with Kering, it is possible to establish a baseline and use it in a reporting context to measure progress against environmental goals.
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| :Companies that identify and manage their natural capital and environmental impacts plus related risks can present themselves positively to both the investment community and other stakeholders."
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| :''The Treasurer magazine, Issue 1, February 2021, p41 - Naresh Aggarwal, associate director policy & technical, ACT''
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| Kering - the owner of Gucci and Saint Laurent - has made its EP&L methodology open source.
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| Kering identifies seven stages in its EP&L methodology:
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| #Decide what to measure
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| #Map the supply chain
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| #Identify priority data
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| #Collect primary data
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| #Collect secondary data
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| #Determine the monetary value of the data
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| #Calculate and analyse the results
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| :<span style="color:#4B0082">'''''What we have learned'''''</span>
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| :"Implementing measurement systems and presenting the results are the most important features of the EP&L.
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| :Identifying opportunities is only the start of what the EP&L can do for a company. The findings of the EP&L can subsequently help to boost a company’s performance, too."
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| :''Kering Sustainability - EP&L methodology - accessed February 2021''
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| == See also == | | == See also == |
| * [[Association of Corporate Treasurers]] | | * [[30% Club]] |
| * [[Benchmarking]] | | * [[Board of directors]] |
| * [[Biodiversity]]
| | * [[Diversity]] |
| * [[Carbon]]
| | * [[Gender pay gap]] |
| * [[Emissions]]
| | * [[Government Equalities Office]] |
| * [[Environmental concerns]]
| | * [[Inclusion]] |
| * [[Environmental KPI]] | | * [[Mandatory human rights due diligence]] |
| * [[Environmental Objective]] | | * [[UN Guiding Principles on Business and Human Rights]] |
| * [[EP&L intensity]] | |
| * [[Financial reporting]] | |
| * [[Natural capital]] | |
| * [[Open source]] | |
| * [[Performance]]
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| * [[Profit and Loss account]]
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| * [[Recognition]]
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| * [[Supply chain]]
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| * [[Sustainability]]
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| * [[Triple bottom line]]
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| * [[Trucost]]
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| == External link ==
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| [https://www.kering.com/en/sustainability/environmental-profit-loss/ Kering's Environmental profit and loss tool]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:The_business_context]] | | [[Category:The_business_context]] |
| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Compliance_and_audit]]
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| [[Category:Ethics]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]]
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Equality and diversity - UK.
(EHRC).
The Equality and Human Rights Commission is the UK's national equality body established to encourage equality and diversity, eliminate unlawful discrimination, and protect and promote the human rights of all in the UK.
The EHRC enforces equality legislation on age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex and sexual orientation.
The EHRC's responsibilities were previously undertaken by the separate Commission for Racial Equality (CRE), Disability Rights Commission (DRC) and Equal Opportunities Commission (EOC).
See also
