Accounting Research Projects 2022

Running Head: ACCOUNTING RESEARCH PROJECTS
ACCOUNTING RESEARCH PROJECTS
Name of the Student
Name of the University
Author Note

1ACCOUNTING RESEARCH PROJECTS
Table of Contents
Introduction...........................................................................................................................................2
Literature Review..................................................................................................................................2
Analysis of ASX Listed Companies..................................................................................................2
Comparison with Other Country.......................................................................................................4
Findings.................................................................................................................................................5
Conclusion & Recommendations..........................................................................................................5
Refernece...............................................................................................................................................6

2ACCOUNTING RESEARCH PROJECTS
Introduction
Sustainability is important issue for the corporate world today. All across the globe, currently
sustainability has been burning issue and it is the major causes of concern. Over last decade, interest
of investors in the socially responsible investment has substantially increased. Moreover,
sustainability is having great potential for influencing the entity’s performance. It is explained as
meeting needs of the today without compromising ability of future generations. Designing robust
strategy of the business is increasingly becoming dependent on the way organizations positions itself
in terms of the sustainable development that helps in balancing environmental, financial and
development of human. Corporate sustainability as well as its impact on the performance of company
has emerged as key areas for research in the recent years (Martinez-Conesa, Soto-Acosta and
Palacios-Manzano 2017). Hence, the aim of this assignment is to understand sustainability of the
Australian companies.
Literature Review
Analysis of ASX Listed Companies
The listing rules of ASX and “Corporate Governance Principles and Recommendations” are
two most important provisions of reporting for the listed companies of Australia. The listed
companies of Australia are required to disclose, whether they have been exposed to any kind of
material, social or environmental risks and they manage them. Further, the rules of listing requires the
companies for disclosing the way they meet recommendations and where they are not meeting and
they are also required for disclosing reason for the divergence. Over 80% of the reporting provisions
in the Australia are concerned at least party with the issues of environment, with the changes in
climate and pollution or emission being second as well as third most prevalent areas of subject
respectively, behind the accountability of corporate. Following are the sustainability reporting made
by ASX listed companies:
 Brambles Limited: This company continues to consistently achieve higher score in the
reputable surveys of investors, receiving the recognition as leader of ESG. It creates better
supply chains through helping the customers for delivering essentials of life ion the
sustainable way. In comparison with the previous year, in 2019 transition has been done by
company of customer from the one-way or single-use packaging to the reusable packaging. It
helps in eliminating the waste and reducing demand on the natural resources that accelerates
evolution to the circular economy. As the result of which, the performance of Brambles
Limited has been improved considerably (Brambles Corporate Site. 2020).
 CSL Limited: This company is committed towards conducting the operations according to
highest standards of the corporate social responsibility. In comparison to the last year, CSL
Limited has achieved level four out of five in new indicator of underwater noise performance

3ACCOUNTING RESEARCH PROJECTS
of the program of Green Marine environmental certification. It has continued serving their
customers in accordance with highest standard of ethics, safety as well as environmental
responsibility. The sustainability concerns of company include sustainability governance,
health and safety, improving of air quality, protection of ecosystems and biodiversity, positive
workplace, value for their customers, corporate ethics, community engagement and supply
chains and resource conservations. The company’s focus towards sustainability has helped in
achieving its financial performance over the years (Cslships.com. 2020).
 Telstra Corporation: The purpose of Telstra has helped in creating brilliant connected future
for each and every one. Its strategy is aimed to help the people to thrive in digital world. This
is consists of targets and the initiatives for addressing opportunities and the impacts in
relation to the four priorities of Sustainable development goals. Telstra is committed towards
achieving equality of gender, creating decent work and growth of economy, assisting the
society and customers towards lower carbon future and becoming more resilient towards the
change in climate (wpengine.netdna-ssl.com. 2019).
 Harvey Norman: The history, experience and values of company describes the way company
works for delivering lasting and real benefits for owners and wider communities in which
they operate. This company cares for their employees, care and respect for environment,
while rehabilitating and operating land. The company contributes towards fair share to the
national and local economies, which is done more transparently. Hence, these beliefs are
foundation of the views on sustainability (CSR information for Harvey Norman Holdings.
2020).
 Macquarie Group: The commitment of ESG reflects responsibility to the communities,
shareholders and clients in which it operates. The company believe that the clear dialogue
with its stakeholders is vital for building strong relationships, enhancing performance and
maintaining trust. The purpose, strategy and vision of Macquarie underpin the approaches to
sustainability. The purpose of the company is feeding all the Australians for helping them to
lead happier and healthier lives. It is committed towards healthy and quality products in
responsible and ethical way as well as company has reduced impacts of environment across
the business. Further, in comparison with last year, in 2019, increase in sustainability
practices, performance of company has increased over the years (Macquarie.com. 2020).
 Amcor Limited: The packaging of Amcor Ltd. preserves and protects beverages, food,
medical, pharmaceutical and personal-care products around the world. They are committed
towards achieving better end use results for the packaging for keeping it out of environment.
In comparison with last year, growth of company has been increased in 2019 with the
increase in sustainable way (Assets.ctfassets.net. 2020).
 National Australian Bank: As the major bank of Australia, it takes the role in community in
serious way. The company sets commitments and targets for achieving better social and