Accounting And Reporting On Sustainability

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.

The Procter & Gamble Company (P&G) began its operation in downtown Cincinnati, Ohio in 1837. The company operates in a very competitive industry where

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.

In 1837, soap manufacturer, James Gamble and candlemaker, William Procter merged their two small Cincinnati businesses.They did this so they could more easily purchase the animal fats necessary to make their products. From there, the company grew to be a $33 billion worldwide leader in consumer products.Both Proctor and Gamble had strong religious, ethical and moral values. The company earned an excellent reputation, and by 1895 was one of the largest companies in Cincinnati. P & G had the reputation of hiring the best and the brightest employees. They treated their employees well. promoting from inside the company. They were one of the first to introduce a profit sharing plan and an employee stock option plan. By 1996, 25% of P & G was owned by employees. In 1890, Proctor and Gamble was incorporated and since that then has more than doubled its sales every 10 years.This growth is attributable to three main factors: the development of new products, global expansion, and acquisitions.Much of the growth is a result of the development of innovative and technologically advanced new products such as Tide in 1946, the first heavy-duty synthetic laundry detergent, Crest in 1955,the first fluoride toothpaste, Pampers in 1961, the first disposable diaper and Bounce in 1972, the first drier-added fabric softener. Other significant innovations were Pert, the shampoo and conditioner in one, and

Procter and Gamble (P&G) began in 1837 when brother’s in-law William Procter and James Gamble, whose wives were sisters, formed a small candle and soap company. From there P&G launched a variety of revolutionary products of superior quality and value. The products include Ivory soap, Tide laundry detergent, Crest toothpaste and Pampers disposable diapers. They also acquired a number of companies to open the doors to new product categories.

In the year 1837, William Procter and James Gamble create a new company: Procter & Gamble. In this year Procter & Gamble starts to sell only soap and candles. This is first objects which P&C sells. After 22 years, P&C employs 80 employees and made a turnover of $ 1 million. In the year 1890 P&C is selling more than 30 different types of soap and William A. Procter assumes the leadership of the enterprise.

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.

William Procter and James Gamble, immigrants from England and Ireland respectively, met when they married into the Norris family. Their father-in-law suggested they build their own company since both men had useful trades- Procter was a candle maker, Gamble a soap maker. The two officially became business partners in 1837 with the founding of Procter & Gamble. 2012 celebrates “175 years of innovation” and seven generations of providing the some of the most well known products

Procter & Gamble started in a smaller setting in the year 1879. William Procter and James Gamble worked as an inseparable unit to create what started as a brand of body soap; Ivory. In more recent years, Procter & Gamble offers more than three-hundred driving brands (i.e. Duracell, Zest, Tide, Pampers, Downy, Pantene, Secret, Folgers, Pringles, Gilette, Puffs, Cover Girl, Oral-B, Crest, Old Spice, Olay, and Bounty to name a few). In more than one-hundred and sixty nations world-wide, Procter & Gamble advertises its products ' and works roughly one-hundred and fifteen plants in moreover eighty nations everywhere throughout the world. Its central station occupies Cincinnati, Ohio in the United States

Procter & Gamble Co. (P&G) is the world’s largest consumer packaged goods company headquartered in downtown Cincinnati, Ohio, United States. It was firstly originated by William Procter and James Gamble on October 31, 1837. P&G has more than 80 brands which dominate the market. The products include cleaning agents, personal care products and pet food. For 178 years, P&G has set foot in more than 180 countries worldwide. P&G recorded $83.1 billion in sales in 2014. The growth in sales always increases in rapid and steady state annually. Fortune, an American business magazine has also surveyed that P&G was listed as the top 20 most admired companies among the business people and number one among the industry (Fortune, 2007).

Procter and Gamble Corporation was founded in 1837 in Cincinnati. The corporation was founded by William Procter, who was a candle maker along with his brother-in-law Gamble, who was a soap maker. Their combined venture sparked one of the most powerful and influential companies in America which is later called Proctor and Gamble. Their first product was introduced in 1879. It was an ivory Soap. In the Year 2013, they have a net income of 11.31 billion U.S. dollars, total assets of 139.26 billion U.S. dollars, and a total equity of 68.06 billion U.S. dollars. The company’s products are divided into groups: beauty and grooming, and household care. The company has a target market of the customers from the middle up class. They also target women and children as

Proctor & Gamble was founded by William Proctor and James Gamble in 1837 as a candle and soap maker company and since then the company has gone down in antiquity with many “firsts” for the business world and prolonged their company with large number of well-known brand names. The Proctor &

There are many ways to obtain sustainable business success from ecological, social to sustainable economic growth. Many corporations have become more concerned with greater social responsibility. High sustainable companies have stronger convictions in governance structure in regards to the environmental, social and financial aspects of sustainability (Eccles, Ioannou & Serafeim, 2012). Understanding how to have success and sustainability may pay off in the long run of a company.

Sustainability in general is ensuring that the resources needed for the future are preserved and do not run out today. It has become clear that the infinite wants of the consumer in today’s society has put a strain on the worlds resources, this means scarcity has become a greater issue. Scarcity in general is that there are not enough resources to meet the wants of consumers. As a result it has become more important for businesses to come up with new methods of producing renewable energy and reducing the amount of resources required in their production process. A way of measuring a business’s sustainability is how a firm conducts its triple bottom line. The triple bottom line consists of three elements a business will have to face, these