logo

Analysis of Sustainability Reports of AEP and Origin Australia

   

Added on  2022-12-23

12 Pages2963 Words24 Views
 | 
 | 
 | 
Running head: BUSINESS SOCIETY AND PLANET
BUSINESS SOCIETY AND PLANET
Student’s Name
University Name
Author note
Analysis of Sustainability Reports of AEP and Origin Australia_1

1
BUSINESS SOCIETY AND PLANET
Introduction
In the changing business environment, transparency and accountability are the two major
driving forces for the business organization to sustain in a highly competitive business
environment. The sustainability reports of the business organizations provide information to the
customers, clients and the investors to undertaking decision on which business organization to
support. The sustainability report helps to communicate the investors and the customer’s
information about the activities of the business organization and their efforts towards the
community (Assembly, 2015). The purpose of this report is to analyze and compare the values
and the approaches of the sustainability reports of the two selected companies, Origin Australia
and AEP Australia. It analyzes the ranges of issues dealt with by both the selected companies.
The report discusses on the sustainable development goals that are relevant to the business
organization and discusses on the extent to which the goals are addressed by the companies.
Further, it determines the sustainability phase of the two companies and discusses on the extent
to which the companies reflect their stated values. Lastly, it concludes the report by reflecting on
the understandings and perceptions developed from the analysis.
Discussion
1. Identification and description of two companies
Analysis of Sustainability Reports of AEP and Origin Australia_2

2
BUSINESS SOCIETY AND PLANET
AEP Australia is associated with the business of offering wide range of specialized
services in Solar Power, Power management, water treatment plants and automation. The
company has partnered with experiences international suppliers with years of experience. The
company mainly targets the remote developing areas where there is deficit for power and water.
The company also offers turnkey solutions for the future developments and the current
developments. There are rapid changes in the energy industry influenced by technological
advancements, interconnectivity and innovation. The disruptive innovation has been reshaping
the energy industry along with AEP. It is the strategy of the company to grow and advance the
business as per the changes in the external business environment (AEP Sustainability -
Sustainability Reports. 2018).. The company mainly focuses on the large, centralized power
stations, manufacturing new capacity and applying various engineering practices to comply with
the laws and regulations of the environment and ensure sustainability. They focus on offering
customer solution through technology, diversification of resources for ensuring a more clean and
balanced portfolio (AEP Sustainability - Sustainability Reports. 2018).. AEP work along with the
regulators to and take initiatives to modernize the regulatory compliance and change with the
changes in needs and demands of the customers preparing for the future. On the other hand,
Origin Australia is one of the leading energy retailers in Australia. The main purpose of the
business organization is to provide energy to the consumers at a more affordable, smarter,
sustainable and in an easier manner. Origin supplies their customer with electricity, LPG, Solar
and natural gas. They also provide wide range of renewable energy options including wind,
solar and storage technologies (Sustainability - Origin Energy. 2018). Moreover, they offer range
of energy sources for generating electricity from fuels like natural gas, coal and other renewable
like sun energy and wind energy. Origin is one of the leading Australian integrated energy
Analysis of Sustainability Reports of AEP and Origin Australia_3

3
BUSINESS SOCIETY AND PLANET
companies and it aspires to gain the topmost position in the renewable company in Australia. The
company strategically empowers the customers to minimize the carbon footprint through wind,
storage technology and solar. The future goal of the company is to support the global effort of
decarbonizing the environment. They play an important role in clean future energy. The long
term plan for Origins is net zero emission by 2050. Moreover, the actions of Origin are clearly
aligned with the objectives and goals of the government that is to reduce the operational costs
and prices of business and homes of Australia. Further, the company has been developing new
technologies for optimal energy utilization in business organizations and homes.
2. Differences between the ranges of issues dealt by the companies
As per Clayton & Radcliffe, (2018), it has been identified that AEP has been
facing issues with the constantly changing business environment and stiff competition in the
market. The company has been facing disruptions from the advancements of technologies and
other machinery. Moreover, the company has been facing issues with stakeholder expectations
and the company’s performance. The governmental laws and regulations are highly uncertain in
the country. However, AEP has effective and efficiency managed its business organization as a
part of their risks and compliance analysis. With this they have been able to meet the needs and
demands of the customers and potential clients (Griggs et al., 2013). The company has been
facing issues with the changes and difficulties of adopting itself to the changing business
scenario. The company also lacks sufficient financial issues as well, which lacks sufficient
support to work on new capital projects and this increases the level of complexity within the
Analysis of Sustainability Reports of AEP and Origin Australia_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents