An Essay on the Sustainability of Bacardi Limited

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An Essay on the Sustainability Report of Bacardi Limited This essay gives a critical review on the Bacardi Company’s Sustainability Report, its compliance with the GRI’s Sustainability Guidelines G3, relevance with academic literatures and its assurance. 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.”(WDCED, 1987, P54). As key forces in society, organizations of all kinds have an important role to play in achieving this goal. Yet in this era of unprecedented economic growth, achieving this goal can seem more of an aspiration than a reality. As economies globalize, new opportunities to generate prosperity and quality of life are arising though trade, knowledge-sharing, and access to technology. However, these opportunities are not always available for an ever-increasing human population, and are accompanied by new risks to the stability of the environment. Statistics demonstrating positive improvements in the lives of many people around the world are counter-balanced by alarming information about the state of the environment and the continuing burden of poverty and hunger on millions of people. This contrast creates one of the most pressing dilemmas for the 21st century. In this essay, Gray’s (2010) statement was also used for the analysis of the sustainability report of Bacardi Limited. Firstly, All GRI Reporting Framework documents are developed using a process that seeks consensus through dialogue between stakeholders from business, the investor community, labor, civil society, accounting, academia, and others. All Reporting Framework documents are subject to testing and continuous improvement. The GRI Reporting Framework is intended to serve as a generally accepted framework for reporting on an organization’s economic, environmental, and social

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