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Benefits and Challenges of Stakeholder Engagement

Stakeholder Engagement is not a new concept.  Recent reporting frameworks (GRI and IIRC) however have pushed to topic up the ladder of importance for companies as it is a specific reporting requirement in order to develop and release sustainability and integrated reports. On the upside, reporting requires companies to report annually on stakeholder engagement activities […]

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Economics 101 for Business Owners

Economics 101 for business owners: While each business is unique, the economy as a whole tends to ebb and flow in a predictable pattern.  Economists refer to this pattern as the four phases of the business cycle. The amount of time it takes to pass through a phase can vary, but each phase will eventually […]

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Business growth for business owners

Business Growth 101: If a business is to survive, it has to grow. Change is inevitable and should be embraced if success is the goal. With a solid business growth strategy, you will discover how change can be positive, and it will help your organization thrive and develop beyond your wildest dreams. Unless you are […]

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Impact Investment – the difference to Social Investment

Impact Investment – what is it?  And how is it different to Corporate Social Impact Investment (CSI)? Social impact investment is the provision of repayable finance to charities and other social enterprises with the aim of creating social impact, and sometimes generating a financial return. It is also known as impact investing or social finance. […]

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Comparison: Integrated & Sustainability Reporting | Next Generation

2013 – Integrated and Sustainability Reporting (2)

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The Value Of Integrated Reporting

Integrated reporting is aimed at informing interested stakeholders about sustainability performance achieved against targets, the vision and strategy adopted to serve the stakeholders’ interests, and other factors that can influence business performance in future. Clearly regulations require companies to exercise transparency. However, a more fundamental reason for integrated reporting lies in accountability: a company needs […]

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Materiality and Corporate Reporting

Redefining Materiality and the principle of Materiality in Corporate Sustainability Reporting How to respond to new definitions of materiality as applied to corporate performance and disclosure poses one of the biggest challenges facing boards and senior executives. Traditionally, materiality has been defined through the lens of financial reporting. Now, there’s a powerful and growing movement […]

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CSI initiatives not enhancing communities | Next Generation

Corporate social investment (CSI) consultancy Next Generation reports that, despite the private sector’s R50-billion injection into CSI initiatives in 2010, no dramatic shift in community wellbeing is evident in South Africa. Next Generation director Reana Rossouw notes that, according to the Millennium Development Goals’ 2010 ‘Country Report’, nearly 25% of South Africans live below the […]

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Sustainability Reporting opportunity | Next Generation

By Reana Rossouw, Next Generation Consultants This emphasis also brought about a shift in the milieu of sustainability reporting. Reporting practices mushroomed in the past decade. According to CSR Insight only 300 companies reported on sustainability matters in 1996. Today nearly 4500 organisations disclose their non-financial data, according to the Global Reporting Initiative (GRI). Sustainability […]

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Social Economic Development – where to? | Next Generation

The term ‘best practice’ is fast becoming one of those catchphrases that management seems to use in every second meeting. “We need to adhere to global best practice in safety…”, “It is not considered best practice to do this…”, “Environmental best practice asks of organisations to…” – and so the list goes on.  To adhere […]

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