Accounting & Financial Management - BHP Billiton limited.

ACCOUNTING &
FINANCIAL MANAGEMENT

Contents
Part-A.........................................................................................................................................2
Introduction............................................................................................................................2
1..............................................................................................................................................2
2..............................................................................................................................................4
3..............................................................................................................................................7
4..............................................................................................................................................8
Conclusion..............................................................................................................................9
Memo.......................................................................................................................................10
Part-B.......................................................................................................................................10
References................................................................................................................................17

Part-A
Introduction
The report brings out a discussion on corporate governance and GRI index of BHP Billiton
limited. The company is a public company headquartered in Victoria, Australia. BHP Billiton
limited is the largest mining organisation based on petroleum, mining, and metals. The
company serves areas worldwide by offering the products such as copper, natural gas,
uranium, coal, and petroleum (BHP Billiton limited 2014). Furthermore, with increasing
competition, companies started running behind generating higher profits. Moreover, mining
sector is concerned due to extraction procedure. Mining sector can lead to affect the
operations with social legitimacy, which can cause devastation and further leave the areas
when using the economically valuable resources (Agyemang, & Ansong, 2017). The report
consists of two parts, which has evaluation of GRI reporting and standards.
1.
Overview of social and environmental impacts of operations
Positive or negative social actions can affect the company`s operations and its image among
the stakeholders. As a mining company, BHP Billiton limited faces several social
enforcement regarding the environment issues. However, mining industry has been
emphasizing on the adoption of quality management, CSR, and safety (Global compact
network Australia, 2018). This sector has to undertake environment affects in serious way
because extraction procedure will lead to hamper species. The entire ecosystem is influenced
by the mining exploitation. It creates lack of appropriate practises CSR due to actual
implementation and intentions (Appuhami, & Tashakor, 2017). Mining organisations are
inclined to conduct as per the formal code of ethics. GRI framework is related to techniques,
which collect data showing, innovating and collaborating so that it can become worldwide

reality. This will lead to exploration of emerging trends in the promotion of international
discussion in regards to the corporate disclosures (Global compact network Australia, 2018).
This initiative has been published important GRI (Global reporting initiative) standards.
Several reporting and sustaining factors of GRI includes-
Sustaining and reporting factors GRI
Labour relations 49
Leadership ethics 49
Reporting and transparency 51
Management of resource 51
Product 51
Human rights, compensation and benefits 51
Board of directors 49
As soon as the accomplishment ensures sustainable data with the limited resources, Rio Tinto
has claimed material misstatement in assurance of sustainable data exactly prepared
according to the GRI standards (Global compact network Australia, 2018).
BHP Billiton`s negative impact brings several construction projects has imposed stress on
community, which includes increasing cost of housing, minimum access to the community
accessibility especially health and other sanitation services. Negative social impact is
increasing construction workforce, which further increase lack of the temporary
accommodation facilities. These categories is in table comprises of major element such as
governance (49), community (51), employees (51), and environment (63).
Sustaining and reporting factors GRI Index
Labour relations 49