Aspect of Business and Corporate Governance

These flashcards cover key concepts related to environmental, social, and governance reporting, corporate governance issues, and relevant legislation.

ESG Reporting

Environmental, social, and governance reporting focusing on nonfinancial information.

Environmental Reporting

Focuses on a business' impact on the environment, including carbon footprint and waste management.

Social Reporting

Focuses on the people aspect of a business, including diversity, pay inequality, and working conditions.

Corporate Governance

Oversight by senior members of the business that sets acceptable standards and drives environmental and social decisions.

Volkswagen Emissions Scandal

An example of poor corporate governance where management knowingly misrepresented emissions results.

National Greenhouse and Energy Reporting Act 2007

Mandates ESG reporting requirements for businesses regarding environmental impacts in Australia.

Modern Slavery Act 2018

Federal legislation requiring businesses to report on modern slavery risks and actions in their operations.

ASX Corporate Governance Principles

Guidelines pursued under ASX rules regarding corporate governance practices in Australia.

Sustainability Accounting Standards Board

Develops reporting standards for climate-related financial disclosures.

Principles for Responsible Investment

Industry-based reporting framework requiring minimum annual reporting from asset owners and investment managers.