Sustainability Disclosure of the Company Essay - 1039 Words

AFA Assignment Group member: Yanyan Fan :16431392 Yang Zhang :16548131 To: financial director From: Yanyan Fan Yang Zhang Subject: Sustainability disclosure of the company Dear Sir: I am glad to write this report for you to use as ground to decide Orica’s future practices in disclosing sustainability information relates to our company’s operation. As the world’s largest provider of commercial explosives, blasting systems and blast based services, we care about people and the environment. We acknowledge our environmental, social and community obligations which contribute us to conduct our business in a sustainable manner. Orica’s commitment to†¦show more content†¦The legitimacy issues concerned Orica are contamination of sites, assessment and management of risks and recording any protective or remediation measures in product stewardship. To gain or maintain legitimacy ,we might rely on disclosure within our annual report. Unlike many other resources, legitimacy is a resource that the organisation is considered to be able to impact or manipulate through various disclosure-related strategies(Woodward et al.,1996). We disclose that during 2011, Botany Transformation Projects caused contamination of soil and groundwater, we regrets the contamination and are committed to implementing a range of remediation projects in order to make sure the planning and delivery of these projects meet the expectations of all stakeholders. Also, in 2010, a permit was obtained allowing the export of hexachlorobenzene (HCB) which was a waste by-product in the former solvent and plastic manufacturing plants. We update related disclosure in local newspapers including the Southern Courier (monthly) and the St George and Sutherland Shire Leader (quarterly) to seek community input and also produced a comprehensive suite of fact sheets providing the community with environmental science and technology involved in the project. Besides, a toll-free Orica Community Hotline that enables the community to seek further information about the remediation projects at Botany wasShow MoreRelatedSustainability Analysis And Reporting System Essay1747 Words   |  7 PagesCorporate sustainability is the capacity of a business to operate for long-term by creating shareholder value and managing risks derived from economic, environmental and social developments. For this purpose, companies need an appropriate system for the evaluation and measurement of their own performance towards stakeholders and for the communication of results achieved. According to Perrini Tencati (2006), a company can creates value if it adopts managerial approach based on sustainability. It meansRead MoreGlobal Female Poverty and Sustainability Efforts1529 Words   |  6 PagesWith the world going to International Accounting Standards, poverty reduction is part of the sustainability efforts. 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