Accounting And Reporting On Sustainability

When talking about sustainability numerous people associate it with just protecting the environment. Sustainability is far more than going green, but it is a principle that many companies have adopted and have worked persistently to improve over the last several years. Sustainability is defined as the ability to continue a behavior indeterminately, but it also includes improving human life overall. Sustainable development is broken down into three pillars: economic, social, and environmental (Harich & Bangerter, 2014). Economics is the study of how people use resources, which correlates to the goal of sustainable development by using resources to their full potential (Laszlo, C., & Zhexembayeva, N., 2011, p. 60). Economic sustainable development allows companies to give their customers what they want without overusing mutual resources. Social development combines the social world with the physical realm to provide a good quality of life (Benoit, 2010, p. 7). Social sustainability focuses on the well-being of people and their communities. Environmental development, the most recognizable, includes protecting the environment by reducing pollution, recycling, switching of electronic devices when not in use, etc. All three of these pillars make up what is known as sustainable development. In this paper, I researched a company and their involvement in sustainability and how it applies to the

Proctor and Gamble® was founded in 1837 by William Proctor and James Gamble in Cincinnati, Ohio. Today the company is the world’s largest producer of consumer goods with over 300 brands in over 180 countries. The company has a significant advantage over its competitors because of market position and brands that everyone knows such as Tide®, Pampers®, Gillette®, Olay® and many more.

Sustainability implies that the organization is managing in economic, ecological and socially competent ways. All organizations range on a continuum of their sustainability level with some being more sustainable than others. Generally, as Dunphy, Griffiths and Benn (Module One, Topic 1.5) point out, the more sustainable an organization is, the more they help the surrounding environment, be this local (the particular country) or macro (the world itself). The environment also reflects the sustainability ethos and situation of the organization itself.

P&G – Procter & Gamble is a consumer product company founded and headquartered at Cincinnati, Ohio in 1837 by Mr. William Procter and Mr. James Gamble. It is now led by Mr. Alan.G.Lafley whom rejoins the company in 2010.

Procter & Gamble, P&G, is a famous company in the world because it was established in 1837 and made soap and candles to sell in U.S. government during civil war. Its stores located in more than 80 countries and this company has more than 300 brands such as pampers, Tide, and Pantene. Its products include cleaning agents, pet foods, and personal care products, as well as products for beauty and health care. It is very easy to see its products in the stores. In fact, Gillette is also a famous brand and was established in 1901. Its products include personal care and batteries. When I

roctor & Gamble was born in 1837 by the collaboration or William Proctor, a candle maker and James Gamble, a soap maker. They started this partnership at the suggestion of their common father-in-law Alexander Norris. After 175 years, P&G is one of the consumer goods company in the world. It features in the Fortune 500 list and recorded sales of $82.6 billion dollars in 2011.

Procter and Gamble is a company which were presented in 1837. William Procter worked as a general store apprentice when he was a little boy. The day after it opened, his store got robbed, leaving him $8000 in debt. He and his wife decided to immigrate to the United States, but Mrs.Procter died a few months after they had arrived. William Procter decided to use what he knew about candle makers to earn extra income to help pay off his debt. He started selling, making, and delivering candles to customers. James Gamble was ill and was taken ashore in Cincinnati. As he recovered, at age 18 he started an apprenticeship when he met a soap maker that was near by. Some years after, James Gamble opened his own soap and candle shop with his friend.

William Procter and James Gamble founded Procter & Gamble Co. It was formed when they signed the partnership agreement on October 31st, 1937. Started out as a small family-run business selling candle and soap in Cincinnati, Ohio. Currently its products include pet foods, cleaning agents, and personal care products. In 2014, P&G recorded $83.1 billion in sales. On 1 August 2014, P&G announced it was streamlining the company, dropping around 100 brands and concentrating on the remaining 80 brands, which produced 95 percent of the company's profits.

Sustainability when we try to understand in the context of corporate is recognizing that the corporation’s long

Procter & Gamble (P&G) is a world-leading producer of consumer goods. Today, it consists of over 20 million dollar brands (like Gillette) and operates in 42 countries

William Procter and James Gamble, a candle maker and soap maker, both from the United Kingdom, were the founding fathers of the company back in 1837. Their line of products was limited to candles and soap, never the less the company sales between 1859 and 1889 was well over one million dollars (www. P&G.com).

Procter & Gamble (P&G) is a multinational corporation that provides consumer products in the areas of pharmaceuticals, cleaning supplies, personal care, and pet supplies. The global consumer goods company was started by William Procter, an English candle maker & James Gamble, an Irish soap maker in 1837, and has been well established since then, ranking fifth place of the "World's Most Admired Companies” by Fortune Magazine . P&G constantly strives to provide branded products and services of superior quality and value that improves the lives of the world’s consumers , where P&G’s brands serve 4.4 billion people in more than 180 countries.

Although Procter and Gamble is based in Cincinnati, Ohio, its founders’ roots trace back to Ireland and England. William Procter and James Gamble came from England and Ireland respectively. Upon the suggestion of their father-in-law, both men formed a business partnership and in 1837, their company was formally named Procter and Gamble. Twenty-two years after its birth, Procter and Gamble’s sales reached $1 million, and 80 people under its employ.

Business sustainability is achieved when the business successfully manages the triple bottom line. This is the process of managing the financial, social and environmental risk that a certain business will face. The consequences of business sustainability are not only the long-term success of the company but also that it becomes an appealing opportunity for potential investors as sustainability is rapidly becoming an increasingly vital component of any business.

A sustainable business participates in environmentally friendly activities to ensure that all processes, products, services and manufacturing activities adequately address ongoing environmental concerns while still producing a profit. A business is sustainable if it has a minimal negative influence on the environment, community, society, or economy. Businesses are green if they incorporate principles of sustainability into each of its business decisions and activities. The business supplies environmentally favorable products or services. In return, replaces the demand for products or services that are not friendly to the environment. Each business should strive to be greener than their competition. The business must also make a lasting dedication to environmental principles in its business dealings in the future. Businesses should design products or services that will benefit the current environmental situation.