Critical Evaluation With Regard To Social & Environmental Accounting Of The Annual Report And Website Of Bhp Billiton

RUNNING HEAD : Social and Environmental AccountingCritical Evaluation with get by to Social Environmental Accounting of The one-year Report and Website of BHP BillitonName of StudentName of potentiality CourseName of Professor7 October 20081 . IntroductionBHP Billiton is an Australian Company , the stocks of which are listed on the Australian acknowledge Exchange . It considers itself as part of resource industry as it produces zilch and mineral for various lymph glands globally . It operation with variant countries puts the company at different level of risks and regulation by different countries where the company operates . In the conduct of its business of producing vigor and minerals , it necessarily causes gear ups to society and the surroundings As line of looking how the company is facing the accommodative a nd environs issues , this seeks to critically evaluate policies and procedures adopted by BHP Billiton in relation to the complaisant and environment accounting using as bases the company s yearly report , its website and any media coverage of company s performance from a affectionate and environmental perspective2 . Analysis and Discussion2 .1 The concept of amicable and environmental accountingBefore delving into analysis , defining certain concept would lay the back(prenominal) end for better understanding the direction of this . So what is social and environmental accountingSocial accounting is requires communication to stakeholders close to one s government activity bodyal actions as to their social and environmental establishs to society . It is in order of fashioning the community informed of nubs for community to do the advantages and disadvantages of a company s products for the people to consume responsible decisions for themselves and the environment they l ive with .

Companies are therefore required to consecrate disclosures some its social performance of their responsibili pull backs to the public (United Nations Conference on peck Development , 2007Environmental accounting on the other may specifically refer to the use of accounting principles and concepts in regard to an institution s impact to the natural environment (Nath , 1998In a sense , ii social accounting and environment accounting do make financial accounting broader in scope , thus do companies to be more concerned above economic events by making their accountability felt by a broader origin of stakeholders . As a result of this accountability for social and envi ronmental concerns , companies are presumed to be capable of swaying the outcome of external events by dint of their actions done in accounting practices . This would be in effect attaining the triple bottom line objectives of companies in the economic , social and environmental sense2 .2 What are the relevant policies and procedures of BHP Billiton that have social and environmental dimensionsThe company does have its Charter as its internal tie in doing business from which its various policies and procedures are based . In its Charter , BHP Billiton declares its purpose to create long-term value in its process of discovering , developing and converting natural sources while it provides innovation solutions to its client in the mining and mineral industry (BHP Billiton , 2008aThe company desires to cover real growth...If you want to get a full essay, right-down it on our website: BestEssayCheap.com

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