BLOGSHARE: Should Businesses Be Forced To Include Social and Environmental Impact When Calculating Profits?
A YouGov survey commissioned by Social Value UK shows that
40% of people think additional measurements should be mandatory when calculating profitability.
Our finding places further pressure on businesses to demonstrate their sustainability and social responsibility credentials, as 40% of people believe that companies should be forced to account for their financial, social and environmental impact when calculating their overall profitability.
Our research found that millennials are the most likely to want a change in accounting rules, with the number of people agreeing that the additional measurements should be included rising to 44% in the 25-34 year old age group.
Only 11% of the 639 people surveyed thought only financial value 25-34-year-old included. Currently, profitability typically only takes into account the rate of return.