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AGL Energy Company Case Study

   

Added on  2020-12-18

9 Pages2914 Words489 Views
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Table of ContentsINTRODUCTION...........................................................................................................................1BODY OF ANALYSIS...................................................................................................................1Company background..................................................................................................................1Newspaper story...........................................................................................................................1Discussion of CSR framework.....................................................................................................2Integrated reporting......................................................................................................................3THEORTICAL ANALYSIS............................................................................................................3Choice of theory...........................................................................................................................3Relevancy of the theory...............................................................................................................4Description of theory and its predictions.....................................................................................4Literature which covers predictions that are directly related to news story................................5Reason behind addressing social, technical, accounting problems identified in the news..........5Comments to existing financial framework.................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONCorporate social responsibility can be defined as an approach which contributes insustainable development by delivering social, environmental and economic benefits for all thestakeholders such as customers, employees, investors etc. Under this approach business entitiespromise to spend a fixed percentage for welfare of society (Butler, 2014). The organisationwhich is selected for this report is AGL Energy which is an Australian Listed Public company.This report is based upon a newspaper article in which it is being mentioned that AGL Energy isone of the largest polluters in Australia. Various topics are covered under this assignment such asnewspaper story, CSR framework, integrated reporting etc. Along with this, selection of anaccounting theory, its relevancy, predictions and reason behind addressing social, technical andaccounting problems identified in the new piece are also covered under this report. Theaccounting theory which is relevant to the newspaper story is management accounting which isalso discussed under this assignment.BODY OF ANALYSISCompany backgroundAGL Energy is an Australian company which is involved in the activities of generatingand retailing electricity and gas for commercial as well as residential uses. In October 2006 twocompanies were merged and created two new company which are AGL Energy Ltd. andrestructured Alinta Ltd. These organisations are Australian Gas Light Company and Alinta Ltd.It is listed upon Australian Stock Exchange. In year 2012 AGL acquired two business entities,Loy Yang coal mine and Loy Yang A Power station. It is a public company which operatesbusiness under Energy Utilities sector. Its headquarters are in North Sydney, New South Wales,Australia. CEO and MD of the organisation is Brett Redman. Relationship of AGL is very goodwith its stakeholders such as customers, employees, government, investors, creditors andshareholders. Earlier it was known as Australian Gas Light Company which was founded in year1837. Currently the enterprise employs more than 3700 employees who execute its businessoperations (Background of AGL Energy, 2019).Newspaper storyAccording to a newspaper article as all the business entities are becoming green and atthe same time AGL took step to become Green to Black as its CEO Brett Redman bought a coal1

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