The Sustainability Strategy of Virgin Groups Corporate

Executive summary Concerns about climate change, the pending introduction of an emissions trading scheme and significant changes in demographics and society in general have combined to make sustainability a mainstream issue. â€Å"The goal of sustainable development is to meet the needs of the present without compromising the ability of future generations to meet their own needs.† (G3.1 Guidelines, 2011, p4) This study report on a survey of the Virgin Groups sustainability report that summarize the Virgin companies’ sustainability strategy, evaluating the sustainability report based on the Global Reporting Initiative (GRI) principle, to comment performance indicators and making recommendations, which can improve the sustainability report.†¦show more content†¦2 the need for the business community to appropriately respond to issues relating to sustainable development. (GROUP OF 100, 2008) The comments of performance indicators Performance indicators are disclosures which are used to communicate performance results. The sustainability category organize the indicators that reference: economic, environment and social. The social indicators are classified as labor practices, human rights, product responsibility and society. (GRI, 2011) The value of a company is impacted by the quality of its relationship with the internal and external stakeholders. From the stakeholders’ perspective, the effective sustainability report should provide an avenue to benchmark and assess performance with respect to performance standards and voluntary initiatives. 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