The paper "What Value do CERES Add to the Current Business Environment" is a great example of an assignment on management. Environmental reporting has not been a part of most organizations' practices until after the recent calls for sustainability in the world. Previously, organizations focused on financial reporting; indicating their financial prospects and the value which shareholders were getting on their investments. However, there are many aspects that are affected by an organization’ s operations apart from the economy. This can be seen from the oil spill which occurred after the Exxon Valdez shipwreck which led to a spill of 240,000 barrels of crude oil into the Pristine waters in Alaska.
Going by the fact that the effects of the oil spill are being felt today, it is important that business organizations focus on a sustainable economy. This was the reason behind the formation of CERES, the Coalition for Environmentally Responsible Economies. CERES has played a major role in turning organizations towards environmental sustainability using the famous 10 CERES principles. Moreover, CERES has played a major role in environmental reporting by establishing reporting standards.
CERES also played a major role in the formation of the Global Reporting Initiative which provides reporting guidelines which areas of today, the de facto reporting guidelines in the world. The following paper will answer four questions which give an insight into environmental reporting. In your opinion, would CERES exist today if the Exxon Valdez wreck had not occurred? Why or why not? What value does CERES add to the current business environment? According to my opinion, I do not think that CERES would exist today if it was not for the Exxon Valdez Wreck in 1989, at least not in the formalized way in which CERES operates.
CERES was formed by a group of socially responsible investors, environmental groups, and pension fund schemes (CERES 2013). The total number of groups that were involved in the formation of the nonprofit organization was fifteen. Ideally, CERES was formed 6 months after the oil spill which occurred after the Exxon Valdez Wreck in which 240, 000 barrels of crude oil spilled into pristine waters (CERES 2013). This was a major environmental disaster and the events which unfolded after the spill led to the formation of CERES.
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