Verdigris Group Case Study

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Enterprises lay high emphasis on corporate social responsibility instead of being profitable tools. It is essential for all the enterprises to focus on corporate social responsibility which can help the organization creates long-term sustainability for corporate success. More specifically, corporate social responsibility can be referred as a process which is aim to embrace responsibility for the organization’s actions. Moreover, it can have a benefit to the people who are regarded as stakeholders, like employees, consumers and communities, which is based on its activities. Also, Tai (2014) states that corporate social responsibility is considered as corporate citizenship which tends to be an obligation that can protect, foster, and enhance…show more content…
And the consumers tend to switch to another company, if a company provides the equal quality and price. Therefore, corporate social responsibility is the basis and priory which can obtain productivity and creativity returns. As the director of Sustainability at the Verdigris Group, Thorpe (2013) indicates that Verdigris Group lays high emphasis on corporate social responsibility in order to facilitate the triple bottom line approach to achieve organization’s goal. It prefer to the certified carbon-neutral business rather than any other business. Furthermore, it benefits from the corporate social responsibility. The clients prefer Verdigris Group because the healthier and productive world that it creates. Then, Verdigris Group received a social good will that result from highest standards of energy…show more content…
Also, an accountant has an ability to provide a mechanism for corporations to be accountable for what they do, especially the financial accountability for the management accountants. Medley (1997) highlights that the management accountant focuses on costs and benefits which is associated with social and environmental aspects of assets and liabilities. And, the accounting of this area is regarded as ’full cost accounting’. Bebbington (2001) indicates that it can be referred as a system which focuses on the current accounting and economic numbers. Then, it can help to incorporate all potential/actual costs and benefits into the equation, such as environmental social externalities to get the prices right. Therefore, a management accountant can help to make these social costs more visible in order to be used in decision making and reporting. Also, the company will be more accountable due to the potential efforts of a management accountant. Management accountants play a central in the implementation of corporate social responsibility. Moreover, a management accountant involves in sustainability reporting which includes triple-bottom line and corporate social responsibility, like environmental, and social performance indicators. A firm creates these reports in order to satisfy stakeholders’ demand in order to increase scrutiny of performance rather than that reported in financial
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