To what extent does the bhpbilliton's sustainability report comply Essay

To what extent does the bhpbillitons sustainability report comply with the GRIs Sustainability Reporting Guidelines G3. Sust - Essay ExampleDiscussion would also be done regarding the decision to provide assurance to the sustainability reports or not and if yes, then to which level. However, it is not viable to tip over every industry and their companies, so in this report, BHP Billiton would be considered for the analysis (Adams, 2006 Hooghiemstra, 2000). Sustainability Reporting Sustainability reporting involves not tho generating report, but also complicates the method through which commitment of the organisation towards sustainability inventment is presented for both internal and outside stakeholders. Organisation should ensure a robust system in order to manage the organisation sustainably, including traceability, foil and compliance (Gray, Owen and Maunders, 1987 Hopwood, Unerman and Fries, 2012). Corporate sustainability reporting is the term being used since long in the business environment. It was kickoff initiated with respect to environmental concerns, which later also integrated financial and non-financial reporting, merged governance and ethics in business. The Global Reporting Initiative (GRI) is the key guidelines that are followed by organisations around the world to design and develop their sustainability reports (Heller and Darling, 2012). ... ng Sustainability accounting is also c anyed social accounting because it aims at reporting the economic, social and environmental process of organisations. The Sustainability Accounting Standard Board (SASB) is the non-profit making body, which designs and puts forward the standards for sustainable reporting in accounting. However, the SASB functions under the guidelines of Securities and permutation Commission (SEC) (Ghillyer, 2011 Gossy, 2008). The standards design by SASB benefits more than 13000 corporations, which represent more than $16 trillion funds and all these standards are based on three pillars social, environmental and governance (Gallagher and Andrew, 2007 Garriga and Mele, 2004). The elements, considered under the segment of environment, in sustainable accounting are recycling, emission, greenhouse gas and water, packaging. On the economic front, they are stakeholders value, financial performance, transparency, accountability and corporate governance. Social aspects such as, public policy, safety, human rights, fair trade, community investment and anticorruption, are also considered period developing sustainable accounting reports (Aras and David, 2010). Sustainability Reporting Guidelines G3 by GRI According to the GRI guidelines, the objective of sustainable development is to congregate requirements of the present without negotiating the capability of future generations to convene their own wants. The purpose of sustainability reporting is to measure and disclose the suitable practices of the company to their internal and external stakeholders. The GR I framework was developed to assist organisations around the world in preparing their sustainability reports (Galea, 2004 Kolk, 2004 Dwyer and Owen, 2005). The sustainability guidelines include