Business Sustainability in Asia

Get familiar with business sustainability in Asia Business Sustainability in Asia offers 12 chapters that cover different aspects of business sustainability with a keen focus on its implications in Asia. Anyone who is involved with business sustainability and corporate governance, the financial reporting process, investment decisions, legal and financial advising, assurance functions, and corporate governance education will be interested in this book. It examines business sustainability performance, reporting and assurance and their integration into strategy, governance, risk assessment, performance management, and the reporting process of disclosing governance, ethics, social, environmental, and economic sustainable performance. The book also highlights how people, businesses, and resources collaborate in a business sustainability and accountability model. Develop an awareness and understanding of the main themes, perspectives, frameworks, and issues pertaining to corporate governance and business sustainability in Asia Covers a variety of issues relevant to business sustainability in Asia Authored by an expert who has written extensively on the subject Understand why organizations worldwide recognize the importance of sustainability performance If you're a business leader, executive, auditor, or student looking to familiarize yourself with this emerging subject, Business Sustainability in Asia has you covered.

Autorentext

ZABIHOLLAH REZAEE is the Thompson-Hill Chair of Excellence, PhD coordinator, and Professor of Accountancy at the University of Memphis and has published more than 225 articles and 10 books. JUDY TSUI, FCA (Canada), FCPA (HKICPA), FCPA (Australia), FCA (ICAEW), is Senior Advisor of the Institute for New Economic Thinking and Board Director and Chair of Education Strategy Committee of Wuhan College in China. In addition, she is a Fellow member of the Institute of Chartered Accountants in England and Wales and serves as the Vice Chair of the China Committee. PETER CHENG is the former Dean and Professor of the Faculty of Management and Hospitality at the Technological and Higher Education Institute of Hong Kong. He previously taught at The University of British Columbia, University of Chicago, Purdue University, and the Hong Kong Polytechnic University. GAOGUANG ZHOU is an assistant professor of Accounting at Hong Kong Baptist University. His research interests include auditing, corporate finance, and corporate social responsibility.

Klappentext
THE GLOBAL MOVE TO SUSTAINABILITY HAS ARRIVED IN ASIA In Asia, sustainability practices have grown substantially over the past decade, and the continent's business leaders are poised to become global leaders in sustainability initiatives. Following the global trend, Asian businesses focus on economic, governance, social, ethical, and environmental (EGSEE) sustainability dimensions. Business Sustainability in Asia applies this paradigm to the economic powerhouses in Asia, from Japan and Mainland China to India and Vietnam. For each jurisdiction, the authors consider:

• Global, regional, and local sustainability requirements and expectations
• Best practices for maximizing firm value by improving sustainability
• Balancing short-, medium-, and long-term sustainable performance
• The interrelated nature of financial performance and long-range sustainability. Business leaders will benefit from this book's description of best practices performance measures, reporting standards, and drivers of sustainability initiatives in Asia and worldwide. As we work to understand and promote sustainability worldwide, we need this thorough treatment, with its timely focus on Asia, to properly recognize, measure, and report on all of the EGSEE dimensions of business sustainability.

Zusammenfassung
Get familiar with business sustainability in Asia

Business Sustainability in Asia offers 12 chapters that cover different aspects of business sustainability with a keen focus on its implications in Asia. Anyone who is involved with business sustainability and corporate governance, the financial reporting process, investment decisions, legal and financial advising, assurance functions, and corporate governance education will be interested in this book.

It examines business sustainability performance, reporting and assurance and their integration into strategy, governance, risk assessment, performance management, and the reporting process of disclosing governance, ethics, social, environmental, and economic sustainable performance. The book also highlights how people, businesses, and resources collaborate in a business sustainability and accountability model.

• Develop an awareness and understanding of the main themes, perspectives, frameworks, and issues pertaining to corporate governance and business sustainability in Asia

• Covers a variety of issues relevant to business sustainability in Asia

• Authored by an expert who has written extensively on the subject

• Understand why organizations worldwide recognize the importance of sustainability performance

If you're a business leader, executive, auditor, or student looking to familiarize yourself with this emerging subject, Business Sustainability in Asia has you covered.

Inhalt

Foreword xix

Preface xxi

Acknowledgments xxv

List of Abbreviations xxvii

Chapter 1 Introduction to Business Sustainability 1

1 Executive Summary 1

2 Introduction 1

3 Definition 2

4 Themes of this Book 3

5 Attributes 5

6 Principles 5

7 Dimensions of Sustainability Performance 6

8 Value Relevance of Sustainability Performance 9

9 Emergence of Business Sustainability in Asia 10

10 Sustainability Reporting and Assurance 12

11 Professional Organizations Influencing Sustainability 14

12 Best Practices of Sustainability Performance, Reporting and Assurance 16

13 Managerial Implications of Sustainability Programs and Activities 17

14 Conclusions 18

15 Chapter Takeaway 18

Endnotes 19

Chapter 2 Sustainability Principles, Theories, Research and Education 23

1 Executive Summary 23

2 Introduction 23

3 Institutional Background 24

4 Sustainability Principles 25

5 Sustainability Theories 28

6 Sustainability Standards 34

7 Global Implications of Sustainability Principles, Theories and Standards 36

8 Sustainability Research 38

9 Business Sustainability Education 46

10 Conclusions 47

11 Chapter Takeaway 48

Endnotes 49

Chapter 3 Institutional Settings in Asia Relevant to Business Sustainability 53

1 Executive Summary 53

2 Introduction 53

3 Global Move Toward Sustainability Performance, Reporting and Assurance 53

4 Institutional Settings in Asia 54

5 Institutional Settings in Asia Relevant for Business Sustainability 68

6 Conclusions 69

7 Chapter Takeaway 70

Endnotes 70

Chapter 4 Drivers and Sources of Business Sustainability Initiatives in the World Including Asia 75

1 Executive Summary 75

2 Introduction 75

3 Global Mandatory Business Sustainability Initiatives 76

4 Global Voluntary Business Sustainability Initiatives 77

5 Drivers and Sources of Business Sustainability Initiatives in Asia 88

6 Analysis of Drivers and Sources of Business Sustainability in Asia 117

7 Conclusions 118

8 Chapter Takeaway 118

Endnotes 118

Chapter 5 Financial Economic Dimension of Sustainability 127

1 Executive Summary 127

2 Introduction 127

3 Shared Value Creation 128

4 Financial Economic Sustainability Performance 129

5 Forward-Looking Financial Reports 130

6 Value Relevance of Financial Economic Sustainability 131

7 Financial Economic Sustainability Reporting in Asia 132

8 Conclusions 154

9 Chapter Takeaway 155

Endnotes 155

Chapter 6 Governance Dimension of Sustainability 163

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