EVALUATION OF THE PROFITABILITY OF SOCIALLY RESPONSIBLE PROJECTS

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hat information must be provided? The recommendation of the National Accounting Council (CNC) of 21 October 2003 provides the conditions under which this information must be provided. In the appendix, it provides the list of information to be published: description of the nature of significant environmental overseas chinese in australia data liabilities with an indication of the timetable and terms of settlement, method chosen for dismantling and site restoration costs, amount of significant environmental expenditure, amount of environmental assets recorded during the financial year, amount of public aid received or promised, linked to environmental protection.



With what tools? The socially responsible manager uses the conventional tools of management accounting. Accounting rigor ensures the credibility and legitimacy of societal reporting. The financial information contained in the annual accounts must be supplemented in companies with more than 500 employees by the publication of a management report in which it is possible to integrate non-financial information and specific information linked to particular texts. The informative content of the dashboard data does not have the same meaning depending on the recipient.





New issues. Project costs and profitability must be assessed in the medium and long term. This approach requires costs to be considered probable and/or uncertain, which makes profitability more difficult to determine accurately, given the multiple possible development scenarios. However, this long-term approach makes it possible to optimize risk management (with all stakeholders) and better predict future results. Even if a socially responsible investment generates additional costs in the short term compared to a conventional investment, it often generates new savings: an investment in employee safety training contributes to reducing the number of workplace accidents and the absenteeism rate. The question the decision-maker then asks is what it would cost to do nothing.