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Question: Discuss about the Impact Assessment And Project Of Appraisal. Answer: Standard Chartered and Amex The standard charter bank was founded through the merger of dual different banks, india chartered bank, Australia and China and the South Africa British standard bank. The bank operates in 68 countries placing focus in Middle East, and Asia Africa. The standard chartered bank is made up of the regional segment and global segment that is supported by the business function. The company has four segments for client se. The business and organized banking and private banking that are globally run with the client in the segment reinforced by the oversight gloabal relationship managers. The retail and salable banking that is regionally run with the product and strategy segment on a global oversight. The customers are assisted by the relationship managers in the country with particular local market knowledge. The company plays a vital role in ensuring they promote the social and economic growth in the market. The organization expresses this through its sustainability priorities which compris e of contributing to the economic growth that is sustainable, being a company that is responsible and community investment. The priorities explain how the company operates ("Our business - Standard Chartered Bank", 2015). Standard charted core business is the support market sustainable growth through banking. The organization provides loans and advances to the various people across the institutional, retail banking and commercial. The company provides support to the significant segment of the economy that is driving the growth that is sustainable from micro financing to infrastructure financing. America express is an organization that provides financial service and travel amenities universally, tracing its origins to the business express in new york that was established by Henry Wells. The company has gradually grown from the safe transport to the travel checks and money orders. Consequently growing its travel service operations which comprise of the credit card services. The Amex main business is the delivery of the credit card and charge, travel associated amenities to both wholesale and customers and to corporates globally. The organization comprises of four main business segments. The US card amenities, this department offers the card products, comprising of small business charge cards and individual, revolving the credit card and sponsored co-branded cards to small business and the retail consumers. The card professional the organization core business ("Company American Express | Cleverism.com", 2016).The organization earns from subscriptions that are annually and inter est fees charged to the credit and overdraft. International Card Services, Amex offers card services to retail consumers and small business in some markets around the globe("Company American Express | Cleverism.com", 2016). The organization provides a marketing service arm that offers market analysis and operation platforms and services in consultation for a business that is smaller (Gale, 2013).Global Commercial services, the organization offers payment and management expenses and the travel related services to corporations that are medium-sized and large. This department provides services cards that are corporate, B2B solution payments and services related to business travels. Global Network and merchant services, this department operate networks that are globally paid that settle transaction. It offers merchants with multichannel marketing programs and financing products, and reporting and analytical data. Comparison of Standard Chartered and Amex American express New York social responsibility methodology is a natural extension of the brand that is outstanding to gain trust, service, and security. The company aims to create value for its consumers. Despite the value state, social, environmental or economic. The organization commitment extends from creating products that are innovative to card membership protection privacy and data security of consumer information. From the promotion of small business growth to diverse leaders development. From the meeting of the energy and carbon targets to building a company that is culture oriented and cementing the communities that they operate in. The organization service ethos aspires a culture that is of high performing employees, customers who are engaged, stakeholders who are satisfied and other responsible business partnership. The organization action helps it to contribute to the sustainability of the communities they operate in an environment that is favorable for conducting busine ss. The corporate social responsibility report released in 2016 highlighted the organization efforts to create environmental, social and economic value for its stakeholders. Also the organization focuses to a commitment to an operation that is ethically and responsibly accepted. The report describes the way the organization committed to service shapes the daily work and approach. The commitment extends from the product innovation creation to protection of the member's card data security. From the meeting of the organization energy and carbon targets to creation of an organizational culture that is very strong and diverse. The American express has recognized its responsibility to the environmental protection. The organization has made its progress to energy conservation, waste reduction, and natural resources sustainability promotion. The organization strives to achieve this goal by setting up a five years carbon footprint reduction goal. The organization has also made a commitment to ensure that they make their operations greener. This has been achieved through solar panels installations on the organization rooftops to reduce the intensity of the carbon of the electricity used. The organization has taken place in the community giving through the establishment of programs that offer grants, food and help the needy people (Grieco, 2013). Standard chartered bank work with local communities to offer training on health and education. The organization largest program seeing is believing has provided funds to tackle blindness that can be avoidable. The organization has looked forward to empowering young women and girls through training in sports and life skills. The organization aims at building the financial capability f the youth and micro and small entrepreneurs in the market. The organization looks forward to exploring the innovation of digitizing financial education to further the organization programs. The community programs are an important part of the organization sustainability aspirations. The standard chartered foundation is the charitable organization of the standard chartered bank in Malaysia. The arm was established with an objective of identifying and channeling financial aid to those in the community. The program is based on three different pillars which comprise of the youth, health, and education. The pr ogram aim at reducing the autism disorder. The disorder is an overwhelming to parent; the programs seek to help the parent through support provision and creation of awareness among the citizen. Difference Standard Chartered and Amex The sustainability report of the two financial organizations has placed an emphasis on the environmental social and corporate governance criteria. The two organizations have placed a major focus on the sustainability issues that are similar, the corporate governance and ethic practices, product quality and safety, community practice, human rights, environmental protection and workplace practices (Gibson, 2006). The structure of reporting, the standard chartered bank has grouped its data into three categories, environment, people, and contribution to sustainable growth, on the contrary, the American express new york has categorized its data into five, the people, the communities ,the environment that organization operates in, companies services ethos, companys customers and partners. Quality of social responsibility according to Zadek 1997 criteria. (Zadek et al,1997) principle of quality of reporting were categorized into eight quality in social accounting. The criteria seek to find the extent to which the two companies reports conform to the best practices and its contribution. The issues under study comprise of. The management policies and systems: Disclosure, comparability; both companies have enabled the organization performance to be compared as assessment basis. Inclusivity: both organization the social and ethical accounting and auditing has reflected the accounts and view of all the principal stakeholders, the organization has accommodated the objectives and values diversity. Completeness; in both companies, no area of the organization activities has been excluded deliberately from the assessment task. Evolution: in both organizations, the social footprint of the company at one time has to vary. External verification: the organization has placed emphasis on the strengthen of the legitimacy and accountability. The improv ement that is considered continuous in nature: In both organizations the quality of the report aimed at assessing the progress rather than merely retrospective performance. These principles identify the level of the organization examination to the procedures of the social accounting. American express and standards chartered bank provides a report on their social responsibility. The study reveals that both companies are working towards some level of the accountability procedure that is socially acceptable and transparent (Koto, 2011). Both companies have adopted the most widely used reporting framework for sustainability the global reporting initiative (Manetti,2011). The two companies have adopted the framework of GRI for reports compilation. It is very hard for companies to present their sustainability data exactly the same way because of the different reporting tool and context and information that they use. According to (Crane Matten 2010,p,219), there is an issue with the global reporting framework. The GRI has been critically criticized for its concern to the establishment of procedures for voluntarily reporting, rather than having an explicit aim to promote mandatory reporting(Crane Matten 2010,p,219).Every company has its freedom determine its data based on rules of the organization selection, there is penalty imposed at all. Standard Chartered and Amex core values Standard Chartered Bank is committed to meeting the sustainability challenges across the markets, the organization aspires to achieve its main core values which comprise of, responsive, courageous, creative, international firm and trustworthy. The organization values provide a framework on which to do the employees assessment and the ability to communicate the organizational culture to a broader range of the stakeholders, customers, and prospective employees. The organistaion culture provides a source of competitive advantage for the organization ("Culture and values - Standard Chartered Bank", 2013). American express values reflect who the organization is. The core value of the organization comprises of, customer commitment, quality products, and services, upholding the highest integrity of the organization action, teamwork, respect people, good citizenship, strong will to win. The organization staff put a lot of efforts to ensuring that America express is the most respected world service brand ("Our Company", 2015). It is evident that both companies values have been the basis of the organization involved in the social responsibility accountability. The organization focuses on the component thats in their favor while conducting business. Group discussion In the group discussion held, there was a keen interest in the organization risk management. From the research conducted, it was clear that the Amex place a lot of emphasis on the risk management and governance structure, alongside the business practices. The organization makes use of its enterprise risk management program to identify, monitor and manage risk. The program defines the organization risk appetite, capabilities and culture. In regards to the standard chartered bank, we discussed the organization aspiration to build three sustainable priorities with measurable targets to demonstrate how the organization achieves sustainability across the business. Conclusion Social responsibility accounting on the performance of both organizations is a significant approach for the company to manage its impact on the sustainable development. There are many challenges on the sustainable development and is accepted globally that the organization has the ability to exert changes that are positive. Reporting leads to sustainable growth that is improved .This is because it paves way for the organization to measure; improve their performance on particular issues. It is clear that organization operating globally engage in important social responsibility activities while still being part of noncompliance activities. Never the less the social responsibility has been deep rooted in the standard charted bank than in the American express New York. References Crane, A., Palazzo, G., Spence, L. J., Matten, D. (2014). Contesting the value of creating shared value.California management review,56(2), 130-153. Company American Express | Cleverism.com. (2016). Cleverism. Retrieved 3 January 2018, from https://www.cleverism.com/company/american-express/ Culture and values - Standard Chartered Bank. (2013). Sc.com. Retrieved 3 January 2018, from https://www.sc.com/en/sustainability/our-approach/culture-and-values.html Gale, T. (2013). 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