Assignment 2 - Individual Assignment 25 % (Management Practice) Essay

Assignment 2 - Individual Assignment 25 % (Management Practice) - Essay ExampleBusinesses like BHP Billiton are required to comply with Australian laws relating to environmental function, formulate and fulfill a strategy for environmental reporting and sustainable routines. This should be monitored and controlled on a regular basis. The mount up of directors has a primary obligation of ensuring that this is through. The report identifies that BHP Billiton has an active strategy for ensuring environmental responsibility. This is done through the globose Reporting Initiative (G3). This is monitored by the board of the corporation and given external assurance by KPMG. Additionally, the governing body environmental reporting guidelines are followed appropriately by the company. It shows promise of a commitment by the worry of BHP Billiton to improve their environmental responsibility on an incremental basis. In order to improve environmental responsibility from the current positi on, BHP Billiton can consider segregating environmental matters and handling them with more focus. In addition, they can include momentous elements of their operations in their reports. They can also use a futuristic approach in their reporting. Additionally, they leave alone need to harmonise their environmental reporting standards around the world. ... As such, it is imperative on our generation to relate the innate environment by using sustainable methods to exploit the available resources. The natural environment reflects humanitys partake on the environment and gives rise to an environmental footprint (Henriques, 2006 121). As such, it is the obligation of corporate entities like BHP Billiton to manoeuvre the issue of environmental degradation and ensure sustainable exploitation of natural resources (Boeger et al, 2008 202). This can be done by identifying the relationship between the operation of BHP Billiton and the natural environment as well as the encroachment of ou r activities on the natural environment (Boeger et al, 2008 202). Once this is known precisely, we can identify potential methods of reducing our impacts and pose ways of ensuring sustainable operations. May et al (2007 332) identify that there are five main elements that moldiness be employed to ensure that we attain corporate environmental responsibility as a dig company. 1. Compliance Mining companies like ours need to comply with relevant laws in the Australian Corporation Act, 2001 and the Australian Stock Exchange Listing Rules relating to environmental responsibility. 2. Openness Need to be transparent in its operation by undertaking environmental reporting. This will show how much the companys operations are affecting the natural environment. This will give the impetus for environmental cuts. 3. Integration Once the level of degradation from the mining company is identified, a strategy for cutting down on environmental degradation is formulated. Steps should be interpreted to ensure that all units of the organisation contribute to the strategy (Simpson, 2009 85). 4. Collaboration The management of the organisation will