Environmental and Social Impact of Adani's Coal Mine in Queensland

Running head: CONTEMPORARY ACCOUNTING ISSUES
Contemporary Accounting Issues
Name of the Student
Name of the University
Author Note

CONTEMPORARY ACCOUNTING ISSUES
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Abstract
The paper has been aimed at discussing the environmental as well as social impact related to the
establishment of a coal mine owned by the Adani Group in Queensland. This study incorporates
the stakeholder theory in order to address and provide sustainable solutions to this problem.
Further, the inclusion of the functions of the indigenous community recommends probable ways
to enhance the employability without compromising the ecological balance.

CONTEMPORARY ACCOUNTING ISSUES
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Table of Contents
Literature review...........................................................................................................................3
Explanation of Stakeholder Theory.........................................................................................3
Identification of the three affected stakeholder groups by Adani with analysis..................4
Managing the interests of indigenous community in consideration with ethical point of
view..............................................................................................................................................5
Application of Stakeholder theory to manage both the present and future requirements
of three stakeholders..................................................................................................................7
References.......................................................................................................................................8

CONTEMPORARY ACCOUNTING ISSUES
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Literature review
The conflict between the economic progress and environmental deterioration is a
grievous concern to all. The upliftment in the economic activity accounts for the loss in
ecological balance. Several numbers of species have become endangered owing to imprudent
actions taken by the human being. The environment activists have been trying to highlight and
resolve all the ecological issues with the help of stringent legal actions or raising public
concerns. Recently, the approval related to the coal mine establishment at Queensland evokes
questions about the sustainability of the coral reef situated at Galilee Basin in Australia. This
Adani coal project raises doubt on the organizational decision. The institutional decision depends
on the management along with the company’s stakeholders. These both two entities act as
influential factors in case of formulating company’s both external and internal business
strategies. As per findings, several numbers of studies have highlighted the inducing impact of
the stakeholders, including the valuable input of the indigenous community. In this section, this
paper attempts at analyzing the function of different stakeholders in relation to the Adani’s coal
venture in Australia.
Explanation of Stakeholder Theory
The theory analyzes the association between the institute and group of stakeholders. The
role of the stakeholders is a key consideration in order to determine the performance of the
institute. The organizational stakeholders are comprised of investors, trade partners, employees,
customers, suppliers and governments (Bridoux and Stoelhorst 2014). This particular theory is
applicable for all types of organizations, irrespective of profit-making and non-profit
organizations. The voluntary association between the entities is the prior requirement of this
principle. Meanwhile, the theory has witnessed some modifications over the few couple of years.