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Business Society and Planet

   

Added on  2022-12-23

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Running head: BUSINESS SOCIETY AND PLANET
BUSINESS SOCIETY AND PLANET
Student’s Name
University Name
Author note
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BUSINESS SOCIETY AND PLANET
Introduction
In the dynamic business environment it is important for the business organization to
maintain accountability and transparency in order to sustain in a highly competitive business
environment. The CSR report and the sustainability report of the organization can be a useful
basis for the future measures and policies for improvement. The report helps the business
managers and the leaders to analyze the activities of the organization and identify the areas
which lacked positive result. The sustainability report and the CSR report are used by the
consumers, investors as well as the governmental officials. Having a transparent report helps the
business organization to communicate the social, environment and economic effects of their
operations and activities to the consumers and investors (Assembly, 2015). The purpose of this
assignment is to understand the concept of sustainability report by analyzing and comparing the
two selected organization namely, AEP and Origin. It discusses the range of issues and activities
dealt by the two companies. The report is introduced with the description of the two companies
and the core business activities of the two companies. The report discusses on the sustainable
development goals and their reflection on the sustainability report of the two companies. Lastly,
the report concludes with by reflecting on the stated values of the companies and their adherence
with the stated values.
Discussion
1. Core business activities of the organizations
The companies AEP and Origin is associated with the offering wide range of specialized
products and services such as solar power, power management, water treatment plants and power
management. AEP has partnered with wide range of experienced international suppliers in order
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to be adaptable to the highly evolving and dynamic development industry. The company mainly
focuses on the remote areas where there is crisis for water and power. The ranges of products
offered by the company include Solar PV, Water treatment reverse osmosis, Power purchasing
agreements and other commercial options (AEP Sustainability - Sustainability Reports. 2018).
The highly dynamic and evolving changes in the energy industry are impacted by innovation,
advancements and interconnectivity. The changes in the needs and demands of the customers and
the advancements of technology have been reshaping the organizations involved in the industry.
This has greatly impacted AEP and Origin. The main goal of AEP Company is to grow and
expand its business activities and make the necessary changes as per the external business
environment. The company emphasizes on manufacturing new capacities, centralized power
stations through advanced technology and machinery as well as its diverse resources (AEP
Sustainability - Sustainability Reports. 2018). The companies take initiatives to modernize its
business activities and work along with other regulators to meet the needs and demands of the
customers.
Origin Australia is one of the leading organization to provide energy to the consumers
and other business organization. The company mainly focuses on the utilization of renewable
surce of energy and supplies its consumers with LPG gas, solar energy, electricity and other
storage technologies (Benn, Edwards & Williams, 2014). The products and services offered by
the company includes energy source for generation of electricity such as coal, natural gas wind,
solar and other renewable energy. Origin aims to position itself as a top most energy company in
the country. The aim of the organization is to minimize the use of carbon by utilizing renewable
sources of energy such as solar and wind. The vision of the organization is to decarbonize the
environment (Benn, Edwards & Williams, 2014). The company plays an important role towards
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saving and protecting the environment. It plans to achieve the goal of zero emission by the year
2050. The company has been researching to develop and implement new technologies for
optimizing the utilization of energy at homes and other business enterprises (Sustainability -
Origin Energy. 2018).
2. Identified issues and their dept of coverage
According to Sloan, Klingenberg and Rider, (2013), high level of competition in the
market and the advancement of technologies has been a pressure to AEP. The company has been
lacking sufficient funds and resources to implement the necessary changes that are required in
the business organization. Implementation of advanced technology and machinery requires huge
amount of financial resources and enhanced capabilities of the existing workforce which is
insufficient. Further, the laws and regulations of the government are uncertain. The company has
been facing difficulties and issues regarding its compliance with the changing legislation of the
government. These were some of the issues faced by AEP Company. However, the company has
been planning to organize funds from other institutions to implement the latest technologies and
advanced machineries (Roome & Louche, 2016). Further, they have been planning to provide
training and development facilities to its employees for enhance their skills and potential to
effectively utilize the advanced machinery and technologies (Roome & Louche, 2016).
Origin has been facing problems with proper integration of renewable energy sources,
increasing cost of energy and disruptions in supply. This impacts the competitiveness of the
company and threatens the future investment especially in the global mobility of resources and
capital. The energy company is under pressure (Roome & Louche, 2016). Further, the coal plants
are being retired, high priced electricity and poor policy and regulations of the government.
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