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In the introductory lecture, we discuss the multidimensional aspects of corporate sustainability performance in the areas of the financial/quantitative economic sustainability performance (ESP) and non-financial/qualitative environmental, ethical, social, and governance (EESG) sustainability performance. The contribution of ESP and EESG dimensions of sustainability performance to overall corporate performance in creating shareholder value and in protecting the interests of other stakeholders depends on whether these sustainability performance dimensions are viewed and treated as complementing/completing each other or conflicting/competing with each other.

This course explores these contradictory views on corporate sustainability and offers suggestions for sustainability performance congruence in all five dimensions. Theoretically, management engagement in EESG activities and performance can be viewed as value-increasing or value-decreasing for investors. On one hand, companies that effectively manage their business sustainability and improve EESG performance enhance their reputation, fulfill their social and environmental responsibility, and promote a corporate culture of integrity and competency. On the other hand, companies can only survive and generate sustainable performance when they continue to be profitable and are able to create shareholder value.

Nonetheless, ESP and EESG dimensions of sustainability performance supplement each other and are not mutually exclusive. Companies that are governed effectively, are socially and environmentally responsible and conduct themselves ethically are expected to produce sustainable performance, create shareholder value and gain investor confidence and public trust. In this context, sustainability focuses on business activities that generate long-term ESP of firm value maximization as well as voluntary activities that result in the achievement of EESG sustainability performance that concerns all stakeholders.

The main focus of this course is on economic sustainability performance, and the next course examines non-financial dimensions of sustainability performance.

Course Series

This course is included in the following series:

4 CoursesCorporate Sustainability

  1. An Introduction to Corporate Sustainability Performance, Reporting, and Assurance
  2. Relevance and Importance of Economic Sustainability Performance
  3. Non-Financial Sustainability Performance
  4. Drivers, Guidelines, and Future of Corporate Sustainability

Learning Objectives

  • Recognize financial/quantitative economic sustainability performance (ESP).
  • Recognize Non-financial/qualitative environmental, ethical, social and governance (EESG) sustainability performance.
  • Explore the tensions between ESP and EESG dimensions of sustainability performance.
  • Recognize economic value versus market value.
  • Recognize short-term economic performance versus long-term economic performance.
  • Explore drivers and incentives to focus on short-term financial performance and its consequences.
  • Explore how to report financial economic sustainability performance.
  • Explore Key Performance Indicators (KPIs) of economic sustainability performance.

2 Reviews (4 ratings)Reviews

5
Member's Profile
Excellent content, Instructor talks a bit too slow.
5
Member's Profile
As a former Internal Auditor with a passion for doing things right the first time, this course confirmed my beliefs of the importance of ensuring financial economic sustainability.

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course, but completion of the other courses in this series will be helpful.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION and OVERVIEW
  1:48Introduction to Economic Sustainability Performance
Reporting and Firm Value
  10:50Corporate Reporting
  8:30Financial Reporting Process
  9:48Financial Reporting Process (Continued)
  11:09Firm Value
  9:56Firm Value (Continued)
  8:36Financial/Economic Sustainability Performance
Internal Controls and Conclusion
  12:39Internal Control Reporting
  14:42Integrated Financial and Internal Control Reporting
Continuous Play
  1:27:58Relevance and Importance of Economic Sustainability Performance
SUPPORTING MATERIALS
  PDFSlides: Relevance and Importance of Economic Sustainability Performance
  PDFRelevance and Importance of Economic Sustainability Performance Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM