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 KC5 Assignment Guide and Support Infor-July 2016 Exam

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Admin
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Sun Apr 17, 2016 2:37 pm

Is it your opinion or has someone proven it empirically...?
Also make sure you link it to the topic, not just sustainability but two areas given in the assignment.

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Shalini



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Sun Apr 17, 2016 2:41 pm

I derived them from the statements of the senior personnel of the respective companies but no external party has proven it.
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Sun Apr 17, 2016 3:40 pm

Shalini wrote:
I derived them from the statements of the senior personnel of the respective companies but no external party has proven it.

Then it is not empirical...
There should have been a study to prove what you claim as true.. Otherwise it becomes just a statement/opinion.

You will be able to find enough empirical evidence relating to this area in the web.
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Ivantha



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PostSubject: Hi Shalini, Your are corrct. But, assingment did not say we have to follows Performance disclosure only. Its syas "Sustainability Integration Process". Then we have to concentrate both on standard specific disclosure as well as General Disclosures.   Mon Apr 18, 2016 9:14 am

Shalini wrote:
Hi Ivantha

Performance disclosure is applicable only for standard specific disclosure, isn't it?

Then again if we go for "core" option we have a choice of providing performance measures only for one material item under each main category given under specific standard disclosure.

Correct me if I am wrong...
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Apr 18, 2016 3:05 pm

Below Areas are relevant to your 1-3 of marking scheme...

"Many companies claim that sustainability is embedded in their DNA or sits at the heart of their business. The reality is that very few corporations have fully integrated or embedded sustainability into their business models. The need for integrated sustainability is urgent; in order to address today’s pressing global issues such as resource scarcity, climate change and inequality, the private sector must integrate environmental and social considerations into every business decision. Embedding sustainability into business not only helps secure a sustainable future, but it also benefits companies, enabling them to prepare for future risks, act on opportunities and create more value for the business and its stakeholders.


In Sustainability Incorporated we highlight five pathways that sustainability practitioners can simultaneously leverage to further integrate sustainability into their businesses"

http://www.sustainability.com/library/sustainability-incorporated#.VxSpA6yJjDf

"How to manage the paradox of improving social, environmental,
and financial goals simultaneously is one of a
company’s biggest challenges. Integrating corporate
social, environmental, and financial impacts into operational
and capital investment decisions comes with a lot
of tension.While social and financial initiatives may benefit
one another in the long term, they’re often conflicting
in their need for resources and agendas in the short run"

http://www.ef.uni-lj.si/docs/osebnestrani/Epsteinetal.4-2010.pdf

http://www.accountingforsustainability.org/cfos/network-of-chief-financial-officers/guides


"Integrated reporting, CFO engagement and Benefit Corporations are three initiatives that drive sustainability integration. However, there are certainly challenges. A significant barrier is lack of incentives and policy architecture. As long as the purpose of a company is to maximize value to shareholders and the financial implications of key externalities are discounted, it will be difficult for senior leadership to push for increased integration.
However, the potential benefits of integration — improved resilience, more informed decision-making and better investor engagement over the long term — are promising."

https://www.greenbiz.com/article/how-integrate-sustainability-your-business


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SCHATHURA



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Apr 18, 2016 6:13 pm

Hi all,

I selected a company which is a 100% subsidiary of a PLC. Is that ok or is it prohibited??? Pls clarify.

Thanks
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Apr 18, 2016 7:38 pm

SCHATHURA wrote:
Hi all,

I selected a company which is a 100% subsidiary of a PLC. Is that ok or is it prohibited??? Pls clarify.

Thanks

I don't think as long as you don't write it based on annual report infor/ it has a separate management team/strategy and its a SBU. Examiner needs to see your inputs as an accountant on the matter.
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Apr 18, 2016 8:48 pm


Risk Mgt

"Risk is intrinsic to doing business. With empirical evidence showing that 50 %
of small and medium-sized enterprises (SMEs) close down before completing
their fifth year, it is clear that operating a business can be a risky endeavour.
Risk has consequences in terms of economic performance and professional
reputation, but there are also environmental, safety and social considerations.
These risks may be internal or external, direct or indirect. Despite the underlying
element of uncertainty, it is often possible to predict risks, and to set in
place systems and design actions to minimize their negative consequences
and maximize the positive ones. Those risks that arise from disorder can be
controlled through better management and governance. In this manner, businesses
that adopt a risk management strategy are more likely to survive and
to grow."

"The management of an organization, enabled by its governance arrangements,
can be described as “coordinated activities to direct and control an organization”.
Risk management is defined as “coordinated activities to direct and
control an organization with regard to risk”. The parallels between these
two statements demonstrate how closely risk management and governance
are linked."

http://www.iso.org/iso/iso_31000_for_smes.pdf


Last edited by Admin on Thu Apr 21, 2016 4:12 pm; edited 1 time in total
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SCHATHURA



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Apr 18, 2016 8:54 pm

Admin wrote:
SCHATHURA wrote:
Hi all,

I selected a company which is a 100% subsidiary of a PLC. Is that ok or is it prohibited??? Pls clarify.

Thanks

I don't think as long as you don't write it based on annual report infor/ it has a separate management team/strategy and its a SBU. Examiner needs to see your inputs as an accountant on the matter.

Thanks sir.
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Ivantha



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Tue Apr 19, 2016 3:09 pm

Hi all,

You can use following link to create Harvard reference list.

http://www.harvardgenerator.com/references/electronic
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Admin
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Apr 21, 2016 11:48 am

Assignment Review- Common Issues

Most of you haven't covered following three areas in your 1st Part of the assignment.

- Understanding the issue
- Analysis of the issue
- Technical knowledge

Please see whether you have written at least below areas before getting to company discussion
- Sustainability concept and reporting (History, why, status as of now)
- What is sustainability integration/ its difficulties/ How companies have approached it (strategic link, BOD involvement, separate team etc)/stages in sustainability integration (compliance, business model etc)

Risk Management- What is risk mgt, importance, link to sustainability.. Who gets involved.

(Please refer posts shared on 18th April to get an idea)

- Share some empirical evidence relating to success rates due to integration (empirical evidence). You may find some information from IIRC research.

- Refer research papers, text books, web sites when your write above areas and sight them based on Harvard reference guide given.

Examiner needs to see there is a depth in what you say and you have understood the concept before you go to company discussion.

[b]Don't forget that the above cover 40 marks....

Then you can go to the company discussion..
Again try to link above discussion points when you write you report based on GRI guide.
I don't think you are expected to write a comprehensive sustainability report.
You need to link you report to sustainability integration and risk management

Specially write about strategy, Stakeholder engagement Governance and few specific performances and see how those support integration and Risk management.
don't write too much on specific performance (wasre management, energy consumption, CSR etc)

Talk about the process in the organization with regard to Integration and Risk management than individual initiatives.

Give your recommendations for improvements

Then conclusion.

Refer assignment guide given by CA (shared above) again and again to see whether you have covered all the important aspects.

If you didn't come for assignment review, please speak to one of your colleague to get some clarity.
Please send your reports to inspirobs@yahoo.com. If time permit we will give our feedback.

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Nimanthi*



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Apr 21, 2016 1:08 pm


[THANK YOU SIR]
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piumir



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Apr 21, 2016 3:35 pm

Thank You Sir.
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Pubudu



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Apr 21, 2016 4:05 pm

Dear Sir,

I know it is bit late to clarify this issue. In GRI 4, there are two types of disclosures to be made, namely;

1. General disclosures (Strategy and Analysis, Organizational Profile, Identified Material Aspects and Boundaries, Stakeholder Engagement, Report Profile, Governance & Ethics and Integrity)

2. Specific disclosures (economic, environmental and social)

Do we need to cover both the above disclosures in our report ?
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