Essay: Accounting Information for Decision Making

Pages: 8 (2585 words)  ·  Style: Harvard  ·  Bibliography Sources: 8  ·  Level: College Senior  ·  Topic: Transportation - Environmental Issues  ·  Buy This Paper

SAMPLE EXCERPT:

[. . .] That web site is accompanied with reports for the company's 'environmental management plans'. Without particularly mentioning to water usage and consumption, it mentioned that Inghams website is needed to employ an Environment Management Plan (EMP). The EMP objectives are designed in compliance with: relevant legal structures along with other needs; identification from the environment impacts the company's activities, items and services; and, methods for controlling activities having a possibility to impact the atmosphere, continuous environment improvement through having specified aims as well as describe the company's organisational structure as well as monitoring responsibilities structures (Egan and Frost, 2012).

The site also reported particulars from the organisation's method of a yearly site by site self-evaluated 'environmental audit'. Finally, the site noted that 'all employees should be aware of the potential environmental impacts of the actions, the needed environment standards of operation and just what factors is going to influence the website to adhere to such standards. The implementation of the policy is down to all personnel (Egan and Frost, 2012).

Compare and contrast water confirming practices

Some of the organisations are supplying progressively specific understandings of what may be referred to as the detail of the water management methods and initiatives. Generally it may be observed that current disclosure practices continue being largely composed of qualitative and descriptive claims. Some of the organisations are starting to supply some indication from the ratios of water used per unit of production (Egan and Frost, 2012; Antal et al., 2004; Brwon and Fraser, 2006; CBSR, 2001).

These reports can offer significant understanding of water efficiencies for internal management and exterior stakeholders. To sum up, there's growing evidence that water has been known as an essential resource and organisations are making efforts to handle it more effectively. Possibly the 2005 Water Savings Orders which needed many of these organisations to build up plans for water savings were critical in driving these developments as well as in providing the technologies which have enabled detailed water related reports. Certainly, much deeper and much more detailed reports have the signs of being developed only from about the time this regulation was created. A few of the companies are not offering full disclosure still. There might be several causes of this including the fact that some of these are private companies (for example Inghams Enterprises Pty Limited and Snack Brands Australia Pty Limited) plus other companies are small local subsidiaries of huge multinationals (for example Cadbury Schweppes Pty Limited and Unilever Australasia Pty Limited) and where the domestic measures are aggregated inside the global context. Certainly, little disclosure from the detail water management initiatives within their Australian procedures is supplied on any global parent website (Egan and Frost, 2012; Antal et al., 2004; Brwon and Fraser, 2006; CBSR, 2001).

Task 3: Business Letter

Jenna A.

Good Life Farm (insert address)

04/10/12

Servelan (insert address)

Dear Sir,

I hope all is good and the corporate world is treating you well. Good Life Farm is looking to invest in appropriate Corporate Social Responsibility (CSR) methods and practices in order to meet the environmental and social demands. We, at Good Life Farm understand the importance of CSR in the modern times and aim to incorporate it in our business strategy as a way of not only being a part of the community but also giving back favourably to it. We understand its adaption won't be without difficulty but we understand the benefits will be far greater.

One of the major difficulties that we foresee at one level might be understood to provide conflicts in moving limitations, whether limitations of definition and positioning like a profit-making enterprise carrying out non-profit non-profit-making activities. But we aim to reap benefits of aspects like the limitations of demands that will surface among multiple stakeholders such as the enterprise stability, or ethical limitations associated with interventions, particularly educational actions and activism that will be conducted as well as the promotion of telecommuting which will save energy and gas. We also anticipate the possibility of interrelated boundary conflicts, affecting each other in addition to business decision-making and procedures. The very first group of conflicts around ambiguous limitations and deficiencies in design to ascertain the company role in CSR activities will be clouded between revenue-generation and never-for-profit activity.

For a company like ours where we feel that our finest CSR responsibility and conflict in the close associations with clients and clients is primarily controlling the demands for volunteerism and community participation asked for by clients. The aforementioned clouding relates to the 2nd group of conflicts including limitations of demand. Considerable complexity determines the character and extent of SME responsibility to the different stakeholders in accordance with the company's very own stability and CSR ideals. The company will perhaps be particularly vulnerable when it comes to its survival tied straight to local customer demand, and also the owner is frequently a lone struggler from the various competing and sophisticated demands. An additional complication may be the clouding of personal and business associations between proprietors and stakeholders, where responsibility becomes associated with personal obligations, reciprocities, and shared visions of the better world. The 3rd group of conflicts in settling ethical problems, including interventions through education activities, seems partly stimulated by conflicting stakeholder demands.

Despite the conflicts thus far recognized, Good Life Farm recognizes that all conflicts can be effectively solved and thus implementing a good CSR policy could prove to be more advantageous in the long run. We, at Good Life Farm, hope to hear back from you with regards to the best amendments to the CSR approach aforementioned if needed and look forward to conducting a much more responsible corporate approach in the industry.

Kind Regards,

Jenna A.

References

Task 1:

GRI, (Global Reporting Initiative). (2006) Sustainability Reporting Guidelines. Version 3.0, Accessed on September 27, 2012 from: www.globalreporting.org/NR/rdonlyres/ED9E9B36-AB54-4DE1-BFF2-5F735235CA44/0/G3_GuidelinesENU.pdf

Power, G. Paddling Upstream - Approaches to Corporate Water Reporting. Business and the Environment, 21. 6 (Jun 2010): 1-3.

Task 2:

Antal, A.B. And Sobczak, A. (2004), "Beyond CSR: organisational learning for global responsibility," Journal of General Management, Vol. 30 No. 2, pp. 77-98.

Brown, J. & Fraser, M. (2006), Approaches and Perspectives in Social and Environmental Accounting: an Overview of the Conceptual Landscape, Business Strategy and the Environment Vol 15 No 2, pp. 103-117

CBSR (2001), "Government and corporate social responsibility: an overview of selected Canadian, European and international practices," available at: www.cbsr.ca (accessed July 25, 2007).

Egan, M and Frost, G. Corporate water… [END OF PREVIEW]

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