Accounting vs Finance Degree:

ACCOUNTING AND
FINANCE

Contents
Part-A.........................................................................................................................................3
Introduction................................................................................................................................3
Overview of social and environmental impacts.........................................................................3
Comparison of quality of social and environmental performance data availed with its
competitor..................................................................................................................................4
Discussion of challenges as being faced by BHP Billiton while complying with GRI reporting
standards.....................................................................................................................................7
Widespread compliances with GRI reporting standards with Fortescue Metal Group
benefiting potential investors, and other stakeholders of the organisation................................8
Conclusion..................................................................................................................................9
Part-B.......................................................................................................................................10

Part-A
Introduction
The report has the discussion on corporate governance of the BHP Billiton limited
headquartered in Australia. GRI (Global reporting initiative) is international standard, which
help government, and business to understand and communicate the impact of issues such as
human rights, corruption, and climate change. BHP Billiton limited serves several products
such as natural gas, coal, petroleum, and uranium. For comparison, here is the analysis of
GRI reporting of Fortescue Metal Group. BHP Billiton Group is international metal,
petroleum, and mining public company, which is the world`s largest mining organisation.
There is an overview of environmental and social impact of the operations. Further, there is a
determination of environmental performance and social data of BHP and Fortescue Metal
Group. Being a mining organisation, BHP Billiton faces several challenges during the
accomplishment of sustainability reports. Moreover, examination of compliance with
sustainability reporting of its competitor (Tilahun, Makinde, & Malonza, 2017).
Overview of social and environmental impacts
Although, it is quite difficult to maintain positive social and environmental impact, which
creates impact on stakeholders. BHP Billiton limited confronts many social enforcement in
regards to environmental issues. Mining affects entire ecosystem through exploitation where
it creates lack of appropriate CSR practises. Mining sector are being inclined in the
conduction of code of ethics. Management of the company aims to minimise the negative
impact on local community as social profiling, services and the facilities through direct action
by collaborating several governmental and non-governmental institutes (Belkhir, Bernard, &
Abdelgadir, 2017).

Community consultation has further confirmed several perceived deficiencies in services and
provision of infrastructure (Tilahun, Makinde, & Malonza, 2017). Here is the detailed social
factors related to housing, education, health, and recreations-
On the other hand, the company maintains a positive approach in regards to the
environmental impact. BHP Billiton limited has catered to foresee important significant
environmental impact where it has committed to ensure they accomplish to minimise the
impact by contributing broadly delivering lasting natural benefits. BHP will focus on
reducing the greenhouse emissions at the operations by adopting low emissions technology
(Boiral, & Heras-Saizarbitoria, 2017).
Comparison of quality of social and environmental performance data availed with its
competitor
Fortescue Metal Group BHP Billion Limited
Quality of environmental
performance
The company strives to
attain sustainable and
environmental results with
the help of disciplined
management of environment
BHP Billiton contributes to
environmental and social
features with biodiversity
climate changes, and
mitigation. The strategies