Contemporary Issues in Accounting- Assignment

Running head: CONTEMPORARY ISSUES IN ACCOUNTING
Contemporary Issues in Accounting
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Student Name
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CONTEMPORARY ISSUES IN ACCOUNTING
Sustainability in Reporting
The company Holden has a commitment to undertake a leadership role in the fields of
particularly energy as well as sustainability. In essence, the Lion Brand has introduced
specialised Energy as well as Environment Strategy.
Strategy of sustainability of Holden Cars
Strategy of sustainability incorporates different aspects namely safety, technology,
environment, operational excellence, community, opportunity and corporate governance
among many others. The strategies of sustainability maintenance is expected to reach specific
outcomes and goals that include acquiring customers for lifetime, developing the brand,
establishing a leadership position in both technology as well as innovation, enhancing core
efficiency and developing culture to win (Schaltegger et al. 2017).

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Current issues of sustainability reporting
The current concern regarding sustainability is essentially rooted in increasing awareness that
human actions have effective environmental influences that can exert economic, social as
well as ecological costs. In addition to this, issue of air pollution throughout the world, varied
durable impacts of manufactured toxins, various degraded natural resource for instance,
pollution of fresh air, issues in fisheries, various cross border feature of different
environmental issues. In essence, there is necessity to view influence of human from a wide
perspective. There are various concerns encountered and interests in particularly
sustainability replicates concern regarding risks of long term of present consumption of
resources, representing goals of particularly “intergenerational equity” as well as ecological
integrity (Eizenberg and Jabareen 2017). In particular, equity of the future period as well as
environmental quality is specific concerns. As per news, Holden decided to stop operations in
the nation Australia in the year 2017. Approximately 3000 workers might lose jobs over the
upcoming four years since the manufacturer decided to end.
Current practices involved in sustainability reporting
The company Holden is considered to be global leader particularly for the actions as well as
strategies of the company to address various changes in the climate. In essence, the company
makes effort to address changes in climate not only to improve the entire environment but
also to deliver both customer as well as business value. The company has attained climate
disclosure scores in particularly the United States of America (USA). This company strives to
contribute towards cleaner grid and has saved roughly $73 million for the energy and efforts
of efficiency for this specific year itself and works on a plan to satisfy needs for electricity in
350 operations in roughly 59 nations having renewable energy by the year 2050.
Furthermore, the company utilizes approximately 106 MW of specifically renewable energy

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that in turn leads to saving of around $ 5 million each year as a consequence. Also, risk is
also reduced when decreasing energy
Current practices of the company include decarbonisation of automotive transport for
maintaining clean automobiles. In essence, the company also convened by means of World
Economic Forum. In essence, this coalition that helps in maintaining clean, safe as well as
affordable automotives is not just for the privileged few now (Clayton and Radcliffe 2015).
The company has prioritized the research and development efforts to enhance efficiency of
fuel of particularly internal combustion engines. This also helps in exploration, development
as well as commercialization of energy efficient drive trains and usage of low level carbon
fuels (Benn et al. 2014).
Also, the company also advocates different policies that again position a value on particularly
reduction of green house gas, (for instance, incentives for highly technologically induced
vehicles, superior system of urban planning to lessen growth in travel, incorporation of
different off-cycle technologies as well as transportation fuel pricing). There is need to
harness the potential of new technologies, digitalization as well as sharing economy to deliver
novel and at the same time flexible opportunities for the purpose of transport. The efforts of
the company also intend to address change in climate that are comparatively more effective in
case if the same is executed as a collaborative effort (Neubauer and Lank 2016). In particular,
collaboration can be considered to be an important point to attain bold vision. The company
takes a multi-stakeholder tactic with strong partnership (both private as well as public).
However, the company also encourages government of the corporation to undertake a broader
approach to regulate carbon dioxide, worldwide standardization in the process of examining
processes that can enable research as well as development budgets to enhance carbon dioxide.

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The company also inspires execution of consistent, cost effectual, long term strategies along
with incentives to aid in the process of bringing advanced technology.
Implications for different stakeholders in relation to financial decision making
Organizational sustainability has been directing the decision-making procedure of managers
in a bid to create competitive advantage (Schmitt et al. 2016). Managers are an important
stakeholder of the firm. Therefore, managers have the need to innovate their perception
regarding the efficiency of its products, services, and technologies employed in its procedures
for enhancement of sustainability. Further, sustainability practices of the firm Holden is
observed to be undertaken by corporation in the execution of sustainability in the category of
environment There are practices that are observed to fight against fraud, management of
supplier, concentration on sustainability, management of risk, opportunities, satisfaction of
employees, and satisfaction of customer (Visser and Tolhurst 2017). Business concerns are
continuously tracked by their financiers well as civil community, satisfying the stakeholders’
demands as well as other concerned parts. The stakeholders’ participation is vital for
development of a stratagem with precise aims in the environmental facet (Waas et al. 2014).
The sustainability practices affect the customer relationship management that is in relation to
financial decision making. The company takes into account environmental as well as social
matters for improving sustainability of stakeholders (Wood et al. 2014)
The government also get influenced by the sustainability practices of the firm. Form example,
the company Holden Cars has averted 228K metric tons of potential carbon every year by
introduction of various light weighting initiatives. Essentially, advanced 10 models has
reduced approximately 3600 pounds all together. This has also assisted governments in
achieving their own environmental sustainability initiatives. In association to Robeco SAM
for particularly the second year, the company has become the only auto manufacturer on the

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entire North America Index of the leading worldwide benchmark for the purpose of corporate
sustainability. Also, the company provides grant of approximately $250000 to “girls who
code” also inspire middle as well as high school girls to pursue education. This encourages
public welfare and assists government as well (Childers et al. 2015). Furthermore, Holden
has 60 Models that has received highest total vehicle score for the purpose of safety in local
new car assessments throughout the world during the year 2016. There were savings of
energy during the year 2016 as a consequence of installation of 186000 LED bulbs as well as
fixtures. Also, there are 152 non-manufacturing together with 100 manufacturing land fills
free area throughout the area.
Relevant Corporation to compare:
The competitors that are identified for the chosen company of Holden motors are Ford
Motors Company, Honda Motors Co., Ltd and Toyota motor Corporation Australia limited.
During the comparison of the Holding motor sustainability, it can be said Holden motor
encourages its customers and shareholders and increases its operational efficiency, mitigating
risk and improving the communities where it operates. The company innovates in lower
carbon usage similar to Honda motors. Moreover it offers driving towards zero waste and
implements in building a clean energy economy (Crane and Matten 2016). On the other hand
Ford offers its customers advanced safety technological standards thatis not yet stared in case
of Holden Motors. Honda motors has a special feature for sustainability, it is to build a clean
energy economy which the other two has not been adopted yet.
CSR rating:
The Company of Holden Moto as a CSR rating of 57 as compared to all other companies.
The rating is in terms of Communities, employees, environment and governance. The
community includes the social works conducted by them. The various education and

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sustainability programs includes in this context (Mowforth and Munt 2015). When it comes
to employees, it regards to the internal control implemented by the company for the benefits
of their employees. The environment includes the factors that have been considered by
Holden the development and sustainability of the ecology and the environment. The
governance takes care of the responsibility of the General motors for sustainable governance
within the organisation.
Recommendation
The company can undertake green as well as sustainable strategy for involving in discovering
diverse ways of utilizing green methods of operations. Also, the company can carry out life
cycle analysis to comprehend long term influence of various chemicals in the specific
environment, that is to say specifically, persistence, global warming, ozone depletion to take
account for different properties within large intricate systems analysis. Enhancements are also
required for both quantity as well as quality of data necessary for different kinds of
comparisons. Particularly, there is a requirement for proper understanding of particularly
methodology of particularly life cycle evaluation.

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References
Benn, S., Edwards, M. and Williams, T., 2014. Organizational change for corporate
sustainability. Routledge.
Childers, D.L., Cadenasso, M.L., Grove, J.M., Marshall, V., McGrath, B. and Pickett, S.T.,
2015. An ecology for cities: A transformational nexus of design and ecology to advance
climate change resilience and urban sustainability. Sustainability, 7(4), pp.3774-3791.
Clayton, T. and Radcliffe, N., 2015. Sustainability: a systems approach. Routledge.
Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and
sustainability in the age of globalization. Oxford University Press.
Eizenberg, E. and Jabareen, Y., 2017. Social sustainability: A new conceptual
framework. Sustainability, 9(1), p.68.
Mowforth, M. and Munt, I., 2015. Tourism and sustainability: Development, globalisation
and new tourism in the third world. Routledge.
Neubauer, F. and Lank, A.G., 2016. The family business: Its governance for sustainability.
Springer.
Schaltegger, S., Burritt, R. and Petersen, H., 2017. An introduction to corporate
environmental management: Striving for sustainability. Routledge.
Schmitt, E., Keech, D., Maye, D., Barjolle, D. and Kirwan, J., 2016. Comparing the
sustainability of local and global food chains: A case study of cheese products in switzerland
and the UK. Sustainability, 8(5), p.419.

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Visser, W. and Tolhurst, N., 2017. The world guide to CSR: A country-by-country analysis of
corporate sustainability and responsibility. Routledge.
Waas, T., Hugé, J., Block, T., Wright, T., Benitez-Capistros, F. and Verbruggen, A., 2014.
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