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 admire to Social Environmental Accounting of The one-year Report and Website of BHP BillitonName of StudentName of depicted object CourseName of Professor7 October 20081 . IntroductionBHP Billiton is an Australian Company , the stocks of which are listed on the Australian uphold Exchange . It considers itself as part of resource industry as it produces zilch and mineral for various customers globally . It operation with various 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 free energy and minerals , it necessarily causes gear ups to society and the surroundings As publicise of looking how the company is facing the cordial 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 neighborly and environmental perspective2 . Analysis and Discussion2 .1 The concept of mixer 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 brass bodyal actions as to their social and environmental establishs to society . It is in assemble of fashioning the community informed of installs 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 live with . Companies are therefore required to absorb ! disclosures about(predicate) its social performance of their responsibili hold fasts to the public (United Nations Conference on lot Development , 2007Environmental accounting on the other may specifically refer to the use of accounting principles and concepts in regard to an composition s impact to the natural environment (Nath , 1998In a sense , deuce social accounting and environment accounting do make financial accounting broader in scope , thus reservation companies to be more concerned above economic events by making their accountability felt by a broader chaff of stakeholders . As a result of this accountability for social and environmental 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 clinch real growth...If you want to get a full essay, outrank it on our website: BestEssayCheap.com

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