BHP Billiton Sustainability Practices
Added on 2020-05-04
18 Pages4334 Words88 Views
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Running Head: Law 1Law
Law2Executive summary:This paper analyzes the sustainability performance of BHP Billiton and also evaluates the currentstrategy of the organization. In this sustainability report published by BHP in 2017 is evaluated and on the basis of performance and results current strategy of company is described. Various new recommendations are also stated which can be incorporated in the sustainability strategy of the company. This paper also described the meaning of Corporate Sustainability and as per this definition it is considered as approach related to business which not only creates value for long term shareholders by increasing the opportunity but also manage risks result from changing economies, environment, and social developments. At the end brief conclusion is stated which concludes the significant points of this paper.
Law3ContentsIntroduction:...............................................................................................................................................4Brief analysis of corporate sustainability performance of BHP Billiton:......................................................5Current approach of the BHP Billiton in terms of corporate sustainability strategy:...................................8Targets stated by BHP for corporate sustainability:................................................................................8Drivers for sustainability change & changes required:............................................................................9Changes required in the sustainability strategy of BHP:............................................................................11How strategy add value:........................................................................................................................15Conclusion:................................................................................................................................................16References:................................................................................................................................................17
Law4Introduction:Corporate Sustainability is the approach related to business which not only creates value for long term shareholders by increasing the opportunity but also manage risks result from changing economies, environment, and social developments. It must be noted that trends related to sustainability result in major changes in globalize world and it also have measurable impact oncompanies top and bottom lines. Expectations of society are redefined because of various long term challenges such as resource scarcity, demographic shifts, and changes occurred in climate. Corporate sustainability is usually based on two guiding principles that are:Sustainability business practices create shareholders value in long run in the competitive market.Sustainability factors also represent opportunities and risks which must be addressed by competitive companies (ROBECOSAM, n.d.). Now, major opportunity exists for companies to put them at the position of sustainability leaders at global level by focusing on the changes occurred in society. Those companies who already understand this issue and taking lead on it have implemented the strategies which are more advanced for the same. There are number of sustainability leaders at current stage who willgain many benefits such as goodwill, increase in market share, and stock market returns.
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